Indian law firm Trilegal has advised digital-first jewellery brand Bluestone Jewellery and Lifestyle on its initial public offering of equity shares worth INR1,540 crore. Cyril Amarchand Mangaldas and Hogan Lovells acted for the book running lead managers.

The IPO was managed by Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company.

The IPO comprised a fresh issue worth INR 820 crore and an offer for sale worth INR 720 crore.

Bluestone offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand. Bluestone is a digital-first direct-to-consumer brand focused on ensuring a seamless omnichannel experience for customers and is the second largest digital-first omnichannel jewellery brand in India, in terms of revenues in fiscal 2024.

The Trilegal capital markets team advising on the mandate was led by partner Abhinav Maker, and supported by counsel Ajo Jomy, and associates Debarpita Pande, Ipsita Sahoo, Kaushik Parkhe, Varda Saxena, and Revant Gupta.

CAM’s team included partner Gayathri Ramachandran with support from principal associate Chinar Gupta, senior associate Priyanka Khetwal, and associates Zubin Ronnie, and Palak Dwivedi.

The Hogan Lovells team was led by head of the India practice Biswajit Chatterjee with support from counsel Kaustubh George, and associate Sanjana Ravjiani.