BlueStone Jewellery plans Rs.1,500-Cr IPO

Ratan Tata-backed BlueStone Jewellery is planning to raise over INR 1,500 crore through an IPO and has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial as investment bankers for the issue. The company is likely to dilute a 10-12% stake through the proposed IPO, which will consist of a fresh issue of shares as well as an offer for sale (OFS).