Stake sale · Commerce & Consumer Brands

Investors offload BlueStone shares worth ₹242.8 Cr

By Startup Enthusiast · 10 June 2026

What they do

IvyCap Ventures, Accel, and 360 ONE sold 46.4 lakh shares for ₹242.8 Cr

Nippon India Mutual Fund bought 25 lakh shares at ₹522.05 each

BlueStone posted a Q4 FY26 net profit of ₹31.2 Cr, reversing a year-ago loss

IvyCap Ventures, Accel and 360 ONE sold 46.4 lakh shares of BlueStone through open-market transactions.
The total sale value was ₹242.8 crore.
IvyCap Ventures sold 26.04 lakh shares at ₹524.97 each, netting ₹136.7 crore.
360 ONE (via 360 One Special Opportunities Fund) sold 10.6 lakh shares for ₹55.1 crore.
Accel sold 9.8 lakh shares at ₹522.08 each, netting ₹51 crore.
Nippon India Mutual Fund bought 25 lakh shares at ₹522.05 each, totalling ₹130.5 crore.
The average sale price was ₹523.08 per share, a 0.9% discount to the previous BSE closing price.
BlueStone shares closed at ₹528.35 on BSE, down 3.64% on the day of sale.

The stake sale comes as BlueStone turned profitable in Q4 FY26.
BlueStone reported a net profit of ₹31.2 crore in Q4 FY26, compared to a net loss of ₹51.3 crore a year ago.
Operating revenue in Q4 FY26 was ₹681.5 crore, up 48% year-on-year.
The stock had risen 6.7% in the past week and 12.1% year-to-date before the sale.

BlueStone is an online jewellery retailer based in India.
It sells gold, diamond and other precious jewellery through its website and app.
The company also operates physical stores to complement its online presence.
BlueStone makes money by selling jewellery directly to consumers.
It reported Q4 FY26 operating revenue of ₹681.5 crore.
The company targets annual revenue of ₹12,000 crore by FY30, about five times its FY26 total revenue.
It aims for a Pre-IndAS EBITDA margin of 14.7% by FY30, up from 7.4% in FY26.

BlueStone targets annual revenue of ₹12,000 crore by FY30, about five times its FY26 total revenue.
It aims for a Pre-IndAS EBITDA margin of 14.7% by FY30, up from 7.4% in FY26.
JM Financial maintained a 'Buy' rating with a target price of ₹650.
Nuvama cited expanding store network and improving unit economics as growth drivers.

IvyCap Ventures (seller) — A venture capital firm that invested in BlueStone.
Accel (seller) — A global venture capital firm that invested in BlueStone.
360 ONE (seller) — An asset management firm that invested via its 360 One Special Opportunities Fund.
Nippon India Mutual Fund (buyer) — A mutual fund company that bought 25 lakh shares.