19 Aug 2025
Trilegal advised Bluestone Jewellery and Lifestyle Limited on its initial public offering of equity shares aggregating to INR 15,406.50 million. 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 BRLMs were Axis Capital Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited.
The initial public offering of equity shares aggregating to INR 15,406.50 million comprised a fresh issue aggregating to INR 8,200 million and an offer for sale aggregating to INR 7,206.50 million.
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.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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