Blue Pebble Limited Logo

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:

  1. Funding Capital Expenditure towards the installation of additional machinery;
  2. To meet working capital requirements; and
  3. 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
Websitehttp://www.bluepebble.in/

Blue Pebble IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html