India, Dec. 12 -- Omnichannel jewellery startup BlueStone has filed its draft red herring prospectus (DRHP) with markets regulator SEBI for its initial public offering (IPO).

The IPO will comprise a fresh issue of shares worth INR 1,000 Cr and an offer-for-sale component of up to 2.40 Cr equity shares.

Existing investors, including Accel and Kalaari Capital, will offload their shares in the IPO.

BlueStone's net loss declined 15% year-on-year (YoY) to INR 142.2 Cr in the financial year 2023-24 (FY24), while operating revenue jumped 64% to INR 1,265.8 Cr.

(The story will be updated soon.)

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