IPO-bound BlueStone geared for unicorn tag

The private wealth management arms of 360 One and Centrum Wealth are in discussions to facilitate secondary deals amounting to Rs 300–350 crore in the jewellery retailer BlueStone, said people in the know. Both platforms will sell the stakes to their clients ahead of the Bengaluru-based company’s public market debut, they said.

The transaction will value BlueStone at Rs 10,500 crore ($1.2 billion), about 30% higher than its Rs 8,100 crore valuation from the last funding round in August 2024.

According to one of the people in the know,…