IvyCap, Accel, 360 ONE Offload BlueStone Stake Worth ₹243 Cr; Nippon MF Picks Up ₹130 Cr
Early backers trimmed positions in BlueStone via block deals at ₹523/share, cashing in on a post-listing rally fueled by Q4 FY26 profit of ₹31.2 Cr and revenue up 48% YoY. Nippon India MF absorbed ₹130.5 Cr of the supply as the jeweller chases an FY30 ₹12,000 Cr revenue target.
What happened
IvyCap, Accel and 360 ONE sold BlueStone shares worth ₹243 Cr via block deals, with Nippon MF buying ₹130.5 Cr. Investor exits follow stock rally on strong Q4
Key facts
- ₹242.8 Cr block deal
- 46.4 Lakh shares offloaded
- ₹523.08 avg price
- Q4 FY26 net profit ₹31.2 Cr
- Q4 revenue ₹681.5 Cr (+48% YoY)
- FY30 revenue target ₹12,000 Cr
- FY30 EBITDA margin target 14.7%
- JM Financial TP ₹650
Why this matters
The cleaner cap table post-block and visible MF anchor make BlueStone a more credible consolidator or partner in organised jewellery, especially against its FY30 scale ambition.
Also reported by
- Inc42 · Buzz — Same time