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Informative

BlueStone, Aye Finance receive SEBI nod for IPOs

Update / Judgement Date

08 Apr 2025

Source

YourStory

Author

Team — WCP Legal Desk

Reading Time

1 min read

Investment BankingSEBI & SCRA

Bluestone and Aye Finance have received SEBI's nod for their DRHPs (Draft Red Herring Prospectuses) for their IPOs (Initial Public Offerings). This approval from the Securities and Exchange Board of India is a crucial step for both companies to proceed with their plans to go public and raise capital from the market. Bluestone, a jewelry retailer, and Aye Finance, a fintech lender, will now be able to move forward with their IPO processes, subject to market conditions.