Tech
Bluestone shares rise 7% after muted debut on stock exchanges
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Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges.
Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company’s market capitalisation at the end of the day stood at Rs 8,262.09 crore.
Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital’s investment jumped…
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