Bluestone Scales Back IPO Size, To Raise Rs 820 Cr
The company intends to use Rs 750 crore from the net proceeds towards funding its working capital requirements
The company intends to use Rs 750 crore from the net proceeds towards funding its working capital requirements
The issue price is Rs 382 per security, and 44 investors are participating in this issue, including promoters and existing prominent shareholders
The company intends to invest upto Rs 7.5 crore for subscribing to the compulsorily convertible preference shares (CCPS)
Reports state that Lenskart will file its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) in the coming days
The stock jumps 8 per cent amid positive management commentary; Blinkit surpasses Zomato in revenue as quick commerce leads growth
The total income of the company rose to Rs 1,023.78 crore in the first quarter of the current financial year (Q1FY26)
The company says that the reports rely on an MGT-14 filing with the Ministry of Corporate Affairs (MCA), a standard regulatory form that allows them to offer shares to potential investors
The company is also expanding its physical footprint with upcoming flagship stores in four additional cities, including Gurugram and Mumbai
The fund will be utilised in scaling its 100-minute delivery and try-at-home service for urban consumers
The proposed initial public offering (IPO) includes a combination of fresh issuance of shares worth Rs 800 crore and offer-for-sale (OFS) of 48.5 million shares by existing shareholders