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13 March 2024

Blue Pebble IPO

Blue Pebble Limited is launching an IPO with a book-built issue aiming to raise Rs 18.14 crores through the issuance of 10.8 lakh shares. This move marks a significant milestone in the company's expansion and growth strategy. Set within the price band of ₹159 to ₹168 per share, this IPO offers investors a unique opportunity to contribute to and benefit from Blue Pebble's journey. Below, detailed tables are provided to give an organized overview of the Blue Pebble IPO for better understanding and clarity.

IPO Details:

Detail	Description
IPO Open Date	March 26, 2024
IPO Close Date	March 28, 2024
Listing Date	April 3, 2024 (Tentative)
Issue Type	Book Built Issue IPO
Price Band	₹159 to ₹168 per share
Lot Size	800 Shares
Total Issue Size	1,080,000 shares (Aggregating up to ₹18.14 Cr)
Listing At	NSE SME
Book Running Lead Manager	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd
Market Maker	Market Maker

IPO Subscription Details

Category	Shares Offered	Percentage of Net Issue
QIB	Not more than 50% of the Net offer	-
Retail	Not less than 35% of the Offe	-
NII (HNI)	Not less than 15% of the Offer	-

IPO Timeline (Tentative Schedule)

Event	Date
IPO Open Date	March 26, 2024
IPO Close Date	March 28, 2024
Basis of Allotment	April 1, 2024
Initiation of Refunds	April 2, 2024
Credit of Shares to Demat	April 2, 2024
Listing Date	April 3, 2024

IPO Lot Size and Investment

Investor Type	Lots	Shares	Amount (₹)
Retail (Min)	1	800	₹134,400
Retail (Max)	1	800	₹134,400
HNI (Min)	2	1600	₹268,800

Company Overview

Blue Pebble Limited, established in 2017, is recognized for its innovative interior design and environmental branding solutions. The company's diverse product offerings and prestigious clientele reflect its excellence and commitment to quality.

Financial Performance Snapshot

Period Ending	Assets (₹ Lakhs)	Revenue (₹ Lakhs)	PAT (₹ Lakhs)
Sep 30, 2023	934.35	1,322.68	291.78
Mar 31, 2023	876.36	1,594.96	200.33

Key Performance Indicators

KPI	Value
Market Capitalization	Rs 68.54 Cr
ROE	63.39%
ROCE	64.12%
RoNW	48.14%
P/BV	8.31
PAT Margin (%)	22.14%

Objectives of the Issue

The net proceeds from the IPO are earmarked for the following purposes:

1. Funding capital expenditure towards the installation of additional machinery.
2. To meet working capital requirements.
2. General corporate purposes.

Blue Pebble IPO Review

Analyst Dilip Davda notes that Blue Pebble operates in a highly competitive sector yet has shown remarkable growth in its financial performance. Despite the perceived high pricing based on FY24 annualized earnings, the innovative solutions and prestigious clientele base present a compelling narrative for potential investment.

FAQs for Blue Pebble IPO

What is the Blue Pebble IPO?

The Blue Pebble IPO is a book-built issue aiming to raise Rs 18.14 crores through a fresh issue of 10.8 lakh shares, with a price band of ₹159 to ₹168 per share.
When does the Blue Pebble IPO open and close?

The IPO opens for subscription on March 26, 2024, and closes on March 28, 2024.
What is the listing date for the Blue Pebble IPO?

The tentative listing date is April 3, 2024, on the NSE SME platform.
What is the price band for the Blue Pebble IPO?

The price band for the IPO is set at ₹159 to ₹168 per share.
What is the minimum lot size for the IPO?

The minimum lot size for this IPO is 800 shares.
How much is the minimum investment required for the IPO?

The minimum investment required for retail investors is ₹134,400. For HNI investors, the minimum investment is ₹268,800 for 2 lots (1,600 shares).
Who is the book running lead manager for the IPO?

Hem Securities Limited is the book running lead manager for the IPO.
Who is the registrar for the IPO?

Bigshare Services Pvt Ltd is the registrar for the IPO.
Who is the market maker for the IPO?

Hem Finlease is the market maker for this IPO.
What are the main services of Blue Pebble Limited?

Blue Pebble Limited specializes in interior design and environmental branding solutions, offering a range of services from conceptualization and design to printing, furnishing, and installation of various products for corporate interiors and external workplace environments.
What will the IPO proceeds be used for?

The IPO proceeds will be used for funding capital expenditure towards the installation of additional machinery, meeting working capital requirements, and general corporate purposes.
Where is Blue Pebble Limited located?

Blue Pebble Limited is headquartered in Mumbai and operates across multiple states in India, including Delhi, Maharashtra, Gujarat, Utter Pradesh, Telangana, Odisha, Madhya Pradesh, Punjab, Tamilnadu, and others.
What is the financial performance of Blue Pebble Limited?

As of September 30, 2023, Blue Pebble Limited reported significant growth in revenue and profit after tax (PAT) compared to the previous fiscal year.
Is the Blue Pebble IPO worth investing in?

Analyst Dilip Davda suggests that despite the competitive market and high pricing based on FY24 annualized earnings, the company's innovative solutions and prestigious client base make it a consideration for potential investment. However, investors are advised to evaluate the investment carefully due to the small equity base post-IPO, which may indicate a longer gestation period for migration.