The reports note that 360 One and Centrum Wealth are in talks to facilitate secondary deals worth Rs 300 to 350 crore in the company

As the jewellery retailer BlueStone prepares for its public market debut, private wealth management arms of 360 One and Centrum Wealth are in talks to facilitate secondary deals worth Rs 300 to 350 crore in the company, as per the reports.

The reports noted that this transaction will value the company at Rs 10,500 crore. This is around 30 per cent higher than its Rs 8,100 crore valuation from August 2024’s funding round. The reports added that both platforms will sell the stakes to their clients ahead of the company’s public market debut.

RB Investments will be exiting the company through the deals, the reports added, while mentioning that it holds a 2 to 3 per cent stake in BlueStone. It is likely to make a 10 to 12 times return on its investments.

In an earlier development, BlueStone filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in December. It got the approval in April. The reports noted that the IPO involves a fresh capital raise of Rs 1,000 crore and an offer-for-sale (OFS) component of around 24 million shares.

In August 2024, the jewellery retailer had closed a Rs 900 crore funding round. The round saw participation from Peak XV Partners, Prosus, Think Investments and others. The reports emphasised that the company raised Rs 40 crore in debt in May 2025.

News Credits- BW BUSINESSWORLD