Jewellery retailer Bluestone files for IPO, to sell fresh shares worth $118 million

Bluestone Jewellery and Lifestyle has filed for an IPO in India, aiming to raise $117.8 million by issuing fresh shares. Existing shareholders will also sell 24 million shares. The company plans to use the funds for working capital needs, capitalizing on India's growing jewellery market and booming IPO activity.