Bluestone likely to launch IPO at Rs 12,000-13,000 crore valuation; up 50% from last funding

Bluestone, a jewellery retailer, has filed for an IPO, aiming for a valuation of Rs 12,000-13,000 crore. The IPO will comprise ₹1,000 crore in new shares and Rs 2,000-2,100 crore from existing investors. This represents a significant jump from its Rs 8,100 crore valuation in August. Strong investor interest in the jewellery retail sector fuels this increase.