Bluestone’s IPO sees 39% subscription on first day

Omnichannel jewellery retailer Bluestone’s initial public offering (IPO), which opened on August 11, was subscribed 39% on the first day.

According to data sourced from the BSE, investors bid for 6.3 million shares against the 16.5 million on offer. The retail category was subscribed 38%, while non-institutional investors (NIIs) subscribed to 4% of their quota.

Qualified institutional buyers (QIBs) bid for five million shares out of the 8.8 million reserved for them.

The IPO, which aims to raise up to Rs 1,540.6 crore through a fresh issue and an…