Blue Pebble IPO is a book built issue of Rs 18.14 crores. The issue is entirely a fresh issue of 10.8 lakh shares.
Blue Pebble IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the Blue Pebble IPO is expected to be finalized on Monday, April 1, 2024. Blue Pebble IPO will list on NSE SME with tentative listing date fixed as Wednesday, April 3, 2024.
Blue Pebble IPO price band is set at ₹159 to ₹168 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹268,800.
Hem Securities Limited is the book running lead manager of the Blue Pebble IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Blue Pebble IPO is Hem Finlease.
Refer to Blue Pebble IPO RHP for detailed information.
Blue Pebble IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹159 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,080,000 shares (aggregating up to ₹18.14 Cr) |
| Fresh Issue | 1,080,000 shares (aggregating up to ₹18.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,000,000 |
| Share holding post issue | 4,080,000 |
| Market Maker portion | 56,000 shares Hem Finlease |
Blue Pebble IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Blue Pebble IPO Anchor Investors Details
Blue Pebble IPO raises Rs 5.13 crore from anchor investors. Blue Pebble IPO Anchor bid date is March 22, 2024.
| Bid Date | March 22, 2024 |
| Shares Offered | 305,600 |
| Anchor Portion Size (In Cr.) | 5.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 30, 2024 |
Blue Pebble IPO Timeline (Tentative Schedule)
Blue Pebble IPO opens on March 26, 2024, and closes on March 28, 2024.
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Blue Pebble IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹134,400 |
| Retail (Max) | 1 | 800 | ₹134,400 |
| HNI (Min) | 2 | 1,600 | ₹268,800 |
| Lot Size Calculator | |||
Blue Pebble IPO Promoter Holding
The company’s promoters are Nalin Gagrani, Karuna Nalin Gagrani, and Manoj Bhushan Tiwari.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.52% |
About Blue Pebble Limited
Founded in 2017, Blue Pebble Limited provides interior design and environmental branding solutions.
The company provides conceptualization, design, printing, furnishing and installation of vinyl graphics, signage, and various furnishing products, including but not limited to 3D walls, frost/clear glass films, artefacts, wall panels, murals and sculptures for corporate interiors and external workplace environments. The company’s printing and design services include themed designs, large format printing, vinyl printing, fabric printing, canvas printing, signage fabrication and 3D art installation.
The company’s clients include companies from the banking sector, MNCs and IT sectors, including Infosys Limited, HDFC Bank Limited, American Express, Bank of America, Nestle, British Petroleum, Moody’s, etc. The company is headquartered in Mumbai and has a presence in Delhi, Maharashtra, Gujarat, Utter Pradesh, Telangana, Odisha, Madhya Pradesh, Punjab, Tamilnadu, etc.
Blue Pebble won an architecture and interior design award presented by Beginup Research Intelligence Pvt Ltd. in 2022. It was awarded “Most Creative & Innovative Design Agency” by Design Awards India in 2022 and “India’s Best Design Studio” by IBDA in 2023.
As of September 30, 2023, Blue Pebble has 34 full-time employees in various departments.
Blue Pebble Limited Financial Information (Restated)
Blue Pebble Limited’s revenue increased by 190.98% and profit after tax (PAT) rose by 426.49% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 934.35 | 876.36 | 342.62 | 299.88 |
| Revenue | 1,322.68 | 1,594.96 | 548.14 | 421.04 |
| Profit After Tax | 291.78 | 200.33 | 38.05 | 20.06 |
| Net Worth | 606.17 | 314.39 | 114.06 | 76.01 |
| Reserves and Surplus | 306.17 | 313.39 | 113.06 | 75.01 |
| Total Borrowing | 27.28 | 37.20 | 37.20 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Blue Pebble IPO is Rs 68.54 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 63.39% |
| ROCE | 64.12% |
| RoNW | 48.14% |
| P/BV | 8.31 |
| PAT Margin (%) | 22.14 |
Check Blue Pebble IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 14.3 |
| P/E (x) | 25.16 | 11.75 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Blue Pebble IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Funding Capital Expenditure towards the installation of additional machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Blue Pebble Limited Contact Details
Blue Pebble Limited
B-1201, Titanium Towers, Opp. Star Bazar,
Nr. D N Nagar Metro Station,
Andheri West, Mumbai – 400053
Phone: +91- 9820132955
Email: info@bluepebble.in
Website: http://www.bluepebble.in/
Blue Pebble IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html