Bluestone shares debut at a discount on stock exchange listing

Bluestone’s Rs 1,500 crore IPO witnessed a lukewarm response from investors, with the jewellery firm making its market debut at Rs 510 per share, a 1.3% discount compared to its issue price of Rs 517.

At the opening bell, the Sensex opened at 81,319 with a 45.36 premium points, while the Nifty50 rose 14.4 points to 24,891. According to exchange data, the Qualified Institutional Buyers (QIBs) portion was subscribed 4.09X, while Non-Institutional Investors (NIIs) bid only 0.53X. The Retail Individual Investors (RIIs) category managed 1.22X…