Trilegal advised Bluestone Jewellery and Lifestyle, the second largest digital-first omni-channel jewellery brand in India, on its initial public offering of equity shares aggregating to INR 15,406.50 million. The IPO comprised a fresh issue aggregating to INR 8,200 million and an offer for sale aggregating to INR 7,206.50 million.

Bluestone, a digital-first direct-to-consumer brand, offers contemporary lifestyle diamond, gold, platinum, and studded jewellery, with a strong focus on delivering a seamless omnichannel experience. The Capital Markets team advising on the mandate was led by Partner Abhinav Maker, and supported by Counsel Ajo Jomy, and Associates Debarpita Pande, Ipsita Pallavi Sahoo, Kaushik Parkhe, Varda Saxena, and Revant Gupta.

Hogan Lovells acted as US counsel to the book running lead managers on the initial public offering of BlueStone Jewellery & Lifestyle Limited.

The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, with support from Counsel Kaustubh George, and Associate Sanjana Ravjiani.

The IPO was managed by Axis Capital Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited.

Cyril Amarchand Mangaldas advised the Book Running Lead Managers Axis Capital Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited, on this IPO.

The transaction team was led by Partner Gayathri Ramachandran with support from Principal Associate Chinar Gupta, Senior Associate Priyanka Khetwal, Associate Zubin Ronnie and Associate Palak Dwivedi.

SAM advised the Selling Shareholders comprising of Accel, Saama, Kalaari, Iron Pillar, and Hero Enterprise Partner Ventures, in the Initial public offering (IPO) of equity shares by BlueStone Jewellery and Lifestyle Limited.

The transaction was led by Partners Nikhil Naredi, and Rohit Tiwari, Senior Associate Rakshita Poddar, along with Associates Najeeb Din and Avani Sharda.