India, Aug. 11 -- The IPO of D2C jewellery major BlueStone got off to a slow start, with the issue subscribed 5% till 1:36 PM on the first day of the bidding.

According to the BSE data, the IPO received bids for 8.8 Lakh shares against 1.6 Cr shares on offer.

Retail investors bid for 7.8 Lakh shares against 30.6 Lakh shares on offer, translating to 2.6%subscription.

Non-institutional investors bid for 91 K shares against 45.9 Lakh shares on offer.

BlueStone is planning to raise INR 820 Cr via fresh issue. It has set a price range of INR 492 to INR 517 for its upcoming IPO.

(The story will be updated soon.)

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