SEBI Okays BlueStone & Aye Finance IPOs, And More

BlueStone, Aye Finance’s IPOs Get SEBI Nod 

Amid a global stock market churn, including in India, markets regulator SEBI has approved the IPO plans of omnichannel jewellery brand BlueStone and MSME-focussed NBFC Aye Finance. 

IPO Details At A Glance: BlueStone’s IPO comprises a fresh issue of shares worth up to INR 1,000 Cr and an OFS component of 2.4 Cr equity shares. Meanwhile, Aye Finance’s offer includes a fresh issue of INR 885 Cr and an OFS of INR 565 Cr. The NBFC plans to use the fresh proceeds to fuel loan book…