Bluestone's IPO Roadmap and Key Stakeholders

• Bluestone filed its draft red herring prospectus with SEBI to raise over INR 1,000 Cr through an IPO.
• The fresh issue proceeds will be allocated to working capital, corporate purposes, and new stores, while key investors like Accel and Kalaari Capital will divest stakes in the OFS.
• The company reported significant revenue growth and a reduction in net loss for FY24, despite challenges in Q1 FY25.

Source: Inc42