CosmicTaco

Bluestone's IPO Roadmap and Key Stakeholders

CosmicTaco · 2024-12-15T08:38:49.855965+05:30

- Bluestone filed its draft red herring prospectus with SEBI to raise over INR 1,000 Cr through an IPO. - The fresh issue proceeds will be allocated to working capital, corporate purposes, and new stores, while key investors like Accel and Kalaari Capital will divest stakes in the OFS. - The company reported significant revenue growth and a reduction in net loss for FY24, despite challenges in Q1 FY25. Source: [Inc42](https://inc42.com/buzz/bluestone-drhp-a-look-at-the-shareholding-pattern-key-leaders/)

Bluestone filed its draft red herring prospectus with SEBI to raise over INR 1,000 Cr through an IPO.
The fresh issue proceeds will be allocated to working capital, corporate purposes, and new stores, while key investors like Accel and Kalaari Capital will divest stakes in the OFS.
The company reported significant revenue growth and a reduction in net loss for FY24, despite challenges in Q1 FY25.

Source: Inc42