20-Mar-2024
2 mins read
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Blue Pebble IPO is open for subscription starting from Tuesday, March 26, 2024, and will close on Thursday, March 28, 2024. The price band of this upcoming IPO is decided at Rs 159 to Rs 168 per share. The minimum lot size of this application for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum amount of investment required for retail category investors is Rs 1,34,400 (168 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 (168 x 1600 shares). Blue Pebble IPO is a book-built issue of Rs 18.14 crores. This upcoming IPO issue is completely a fresh issue of 10.8 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024. Blue Pebble IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, April 3, 2024. The book-running lead manager of Blue Pebble IPO is HEM Securities Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Blue Pebble Limited
Blue Pebble Limited was established in 2017, engaged in the business of interior designing and environmental branding solutions. Blue Pebble provides design, printing, furnishing, and installation of vinyl graphics and various furnishing projects. Company’s printing and design services include theme designs, large format printing, fabric printing, canvas printing, signage fabrication and 3D art installation. Blue Pebble Limited clients include company’s from the banking sectors, IT sectors and MNC’s. Company’s interior products include stone cladding, breeze block, Metal Ceiling, Carpets, Cladding Classics. The services include environmental branding, Design consulting, Signage Design and consulting, Art and Furnishing, Curation, Build Facility, Immersive experience and interior products. The headquarter of Blue Pebble is in Mumbai and has a presence in Gujarat, U.P, Delhi, Odisha, M.P, Punjab, Tamil Nadu, Maharashtra.
Objectives of Blue Pebble IPO
The company is expected to utilise the amount in funding the capital expenditure requirements toward installation of new machinery. Other than this, the proceeds will be used to fund the working capital requirements of the company. Also the general corporate purposes will also be fulfilled.
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Financials of Blue Pebble Limited (Amt in Rs Lakhs)
Blue Pebble posted a revenue of Rs 1322.68 lakhs and net profit of Rs 291.78 lakhs for the quarter ending on 30 September 2023. The revenue increased by 190.98% and PAT increased by 426.49% between the financial year ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 37.2 | 37.2 |
Other Important Details of Blue Pebble IPO
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | 3-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 159 to Rs 168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,080,000 shares amounting to Rs 18.14 crore |
| Fresh Issue | 1,080,000 shares amounting to Rs 18.14 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,000,000 |
| Shareholding post issue | 4,080,000 |
| Market Maker portion | 56,000 shares |
Time-Table of Blue Pebble IPO
| 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 | 5 PM on March 28, 2024 |
Lot Size of Blue Pebble IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 800 | Rs 134,400 |
| Retail - maximum | 1 | 800 | Rs 134,400 |
| HNI - minimum | 2 | 1,600 | Rs 268,800 |
IPO Reservation of Blue Pebble Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Blue Pebble Limited IPO
| KPI | Values |
| ROE | 63.39% |
| ROCE | 64.12% |
| RoNW | 48.14% |
| P/BV | 8.31 |
| PAT Margin | 22.14% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.68 | 14.3 |
| P/E | 25.16 | 11.75 |
Promoters of Blue Pebble Limited and Their Holdings
The promoters of Blue Pebble company are Nalin Gagrani, Karuna Nalin Gagrani, and Manoj Bhushan Tiwari.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of Blue Pebble IPO
The lead manager for Blue Pebble IPO is HEM Securities Limited.
How do you apply for the Blue Pebble IPO?
Wait for the public issue to open for subscription, then click here to apply for the Blue Pebble Limited IPO with Bigul.
How do you check the allotment status of Blue Pebble IPO?
The registrar for Blue Pebble IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What is Blue Pebble IPO?
Blue Pebble IPO is a book-built issue of Rs 18.14 crores. This upcoming IPO issue is completely a fresh issue of 10.8 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024.
- Who are the lead managers for the Blue Pebble Limited IPO?
HEM Securities Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Blue Pebble Limited, handling the IPO's administrative aspects.
- How can I apply for the Blue Pebble IPO?
The public subscription of this new IPO will open on March 26, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The company is expected to utilise the amount in funding the capital expenditure requirements toward installation of new machinery. Other than this, the proceeds will be used to fund the working capital requirements of the company. Also the general corporate purposes will also be fulfilled.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Blue Pebble Limited IPO 2024 by visiting here.
- What is the financial performance of Blue Pebble Limited?
Blue Pebble posted a revenue of Rs 1322.68 lakhs and net profit of Rs 291.78 lakhs for the quarter ending on 30 September 2023. The revenue increased by 190.98% and PAT increased by 426.49% between the financial year ending with 31 March 2023 and 31 March 2022.
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