News > BlueStone plans to raise more than Rs 1,500 crore via IPO

BlueStone plans to raise more than Rs 1,500 crore via IPO

Ratan Tata-backed online jewellery startup BlueStone is looking to raise more than Rs 1,500 crore through an initial public offering (IPO).

The company is expected to offload a 10-12% stake through the proposed public listing, which will consist of a fresh issue of shares and an offer for sale (OFS). The startup has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial to manage its public issue.