Omnichannel jewellery brand expands retail footprint and maintains growth momentum amid rising competition

BlueStone, a prominent omnichannel jewellery retailer, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The move positions the company to raise substantial capital for growth and operational expansion, marking a major milestone in its business trajectory

Geetanjali Kedia, Senior Research Analyst at S P Tulsian Investment Advisory Services, talks about the benefits that jewellery businesses can derive by going for an IPO, and the challenges such a step would entail. She also dwells on eligibility criteria, market trends, and strategies to attract investors

Bluestone Jewellery and Lifestyle, one of India’s leading digital-first jewellery brands, has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs. 1,000 crore and an offer-for-sale (OFS) of 2.39 crore equity shares by existing investors

P N Gadgil Jewellers Ltd has received the green light from the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) worth Rs 1,100 crore, paving the way for significant expansion and debt repayment plans.

P N Gadgil Jewellers Limited in terms of the number of stores as on January, 2024, which is the largest market for BIS-registered outlets in India has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”)

The IPO proceeds will be used to expand the company’s presence in north India, and to expand its high-margin diamond jewellery business. The company clocked Rs 4,075.56 crore in FY22-23, a jump of 15 percent over the year prior.

Motisons Jewellers, a Jaipur-based retail jewelry company, has filed a draft red herring prospectus (DRHP) with India's Securities and Exchange Board to raise funds through an initial public offering (IPO) with a fresh issue of 33,471,000 equity shares.

Delhi-based jewellery chain PC Jeweller is facing a tumultuous time in the stock market, with its shares plummeting by over 75% since January 2018. The company is embroiled in legal proceedings with the State Bank of India and four other banks as well.

PC Jeweller, has been in the midst of legal proceedings with State Bank of India (SBI) and four other banks of the consortium (IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank) that have advanced loans to the company.

The Initial Public Offering of Senco Gold comprises fresh issue of equity shares aggregating up to Rs 325 crore, and an offer for sale of equity shares aggregating up to Rs 200 crore

The IPO will comprise fresh issue of equity shares and there will be no Offer for Sale (OFS), according to the Draft Red Herring Prospectus (DRHP)

The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery

The exchange will take the required internal approvals and apply to market regulator SEBI for the launch of the new class of security on its platform