India, Aug. 11 -- Update | August 11, 18:30

Omnichannel jewellery brand BlueStone's IPO was subscribed 39% at the end of first day of bidding, with qualified institutional buyers (QIBs) leading the pack. The QIBs placed bids for 50.8 Lakh shares against 88.6 Lakh shares reserved for them, translating to 57% subscription.

Retail investors bid for 11.48 Lakh shares against a total offering of 30.6 Lakh shares, leading to a 38% subscription.

However, non-institutional investors showed weak interest in the public issue on Day 1. They placed bids for only 1.6 Lakh shares against 45.9 Lakh shares on offer.

Original | August 11, 13:43

The IPO of D2C jewellery major BlueStone got off to a slow start, with the issue subscribed 5% till 13:36 o...