India, May 14 -- Omnichannel jewellery company BlueStone has raised INR 40 Cr (around $ 4.7 Mn) in debt from BlackSoil and Caspian Impact Investments, ahead of its planned initial public offering (IPO).

The company's board has allotted 800 non-convertible debentures at a face value of INR 5,00,000 to raise INR 40,00,00,000, as per its MCA filing assessed by Inc42.

Out of the aforementioned sum, BlueStone has raised INR 20 Cr from Blacksoil India Credit Fund II in exchange for 400 debentures, INR 10 Cr from Blacksoil Capital Private Limited for 200, and INR 10 Cr from Caspian Impact Investments for the same number of securities.

The development comes amid the Bengaluru-based company is planning to make its debut on bourses. Bluestone fi...