Trilegal, CAM, Hogan Lovells act on BlueStone ~₹1,540 crore IPO

Bluestone Jewellery and Lifestyle Limited has made an initial public offering of equity shares aggregating to ₹1,540.650 crore, comprising a fresh issue aggregating to ₹820 crore and an offer for sale aggregating to ₹720.650 crore.               

Trilegal advised BlueStone on this IPO.

The transaction team was led by Abhinav Maker (Partner), with support from Ajo Jomy (Counsel) and Associates Debarpita Pande, Ipsita Sahoo, Kaushik Parkhe, Varda Saxena, and Revant Gupta.

Cyril Amarchand Mangaldas advised the Book Running Lead Managers Axis Capital Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited, on this IPO.

The transaction team was led by Gayathri Ramachandran (Partner), with support from Chinar Gupta (Principal Associate), Priyanka Khetwal (Senior Associate), Zubin Ronnie (Associate) and Palak Dwivedi (Associate).

Hogan Lovells served as the international legal counsel for the BRLMs.

The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, with support from counsel Kaustubh George, and associate Sanjana Ravjiani.

BlueStone offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand. Bluestone is a digital-first direct-to-consumer brand focused on ensuring a seamless omnichannel experience for customers and is the second largest digital-first omnichannel jewellery brand in India, in terms of revenues in Fiscal 2024.

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