India, Aug. 9 -- Ahead of the commencement of the bidding for its public issue on August 11, omnichannel jewellery brand BlueStone has raised INR 693.3 Cr from anchor investors.

The company allocated 1.34 Cr equity shares to 20 anchor investors, including Societe Generale, Goldman Sachs, Nippon India, New York State Teachers Retirement System, Amansa Holdings, Aditya Birla Sun Life Trustee, Motilal Oswal, HDFC Life Insurance Company, Mirrae Asset Management, among others.

The company allotted the shares at INR 517 per share, which is the upper end of the company's IPO price band.

Of the 1.34 Cr shares, 36.56 Lakh shares (or 27.27% of the total allocation) were allocated to six domestic mutual funds through a total of 11 schemes.

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