BlueStone Jewellery and Lifestyle Ltd shares are set to debut on the stock market on Tuesday, August 18, and will be listed on both BSE and NSE.

The IPO, open from August 11 to 13, received a good response. The allotment was finalised on August 14.

Grey Market Premium (GMP) Today:

BlueStone Jewellery shares are currently trading at ₹0 GMP, meaning the unlisted shares are expected to list at the IPO price of ₹517 per share.

No premium or discount is being seen in the grey market.

IPO Details:

Price Band: ₹492 – ₹517 per share

Total Funds Raised: ₹1,540.65 crore

Fresh Issue: ₹820 crore

Offer for Sale: ₹720.65 crore

Subscription: 2.7 times overall

Retail Investors: 1.35 times

Non-Institutional Investors: 55%

Qualified Institutional Buyers: 4.28 times

Investors are keeping an eye on the GMP to estimate the listing price, and today it signals the shares should open around ₹517.