India, Aug. 18 -- With BlueStone's IPO closing with 2.7X subscription last week, the omnichannel jewellery brand's early investors are set to make big returns on their investments.

VC firm Saama Capital, which is exiting the company by selling 41 Lakh shares via the OFS, is set to rake in over 10X returns on its investments at the upper end of BlueStone's IPO price band of INR 492 to INR 517. The investor had bought these shares at INR 48.7 apiece, translating to 10.6X returns.

Saama Capital first invested in BlueStone during its Series A funding round in 2012, along with Accel.

Accel India will net about INR 134.7 Cr, or a return of nearly 8.1X, by selling shares in the OFS. The VC firm is offloading 26 Lakh shares, which it acquired ...