Blue Pebble was incorporated on September 08, 2017. The company offers comprehensive solutions, catering to clients' design, printing, and fabrication needs. It manages the entire process from conceptualization to final product delivery. Blue Pebble provides a wide range of printing and designing services, including theme-based designs, large format printing, vinyl printing, fabric printing, canvas printing, signage manufacturing, and 3D art installation. Additionally, it specializes in the sourcing and installation of curios, sculptures, and artisanal hand paintings.
| Bidding Dates |
|---|
| 26 Mar 2024 - 28 Mar 2024 |
| Subscription |
|---|
| 52.32x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,27,200 | 1 | 1 | 800 | 1.1 M | ₹159 - ₹168 | 73.53 % | ₹171.7 M - ₹181.4 M | RHP DOC |
Blue Pebble IPO SUBSCRIPTION STATUS
28 Mar '24Blue Pebble IPO overall subscription rate was 52.32 times the total available shares
Blue Pebble IPO retail subscription rate was 77.39 times in the retail segment
Blue Pebble IPO non-institutional investor subscription rate was 129.83 times in the non-institutional investor category
Blue Pebble IPO Qualified Institutional Bidder subscription rate was 11.51 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Mar 2024 (Day 3) | 77.39x | 129.83x | 11.51x |
27 Mar 2024 (Day 2) | 32.29x | 16.04x | 1.31x |
26 Mar 2024 (Day 1) | 10.36x | 3.68x | 1.3x |
Blue Pebble FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY24 | 29.2 | 131.8 | 29.8 | 29.6 |
| FY23 | 20.0 | 159.2 | 12.3 | 7.9 |
| FY22 | 3.8 | 54.8 | 4.5 | 3.9 |
| FY21 | 2.0 | 42.1 | 0.5 | 0.5 |
Blue Pebble IPO SUBSCRIPTION STATUS DETAILS
Blue Pebble had 1.1 M shares on offer
Blue Pebble IPO offer price was in the range ₹159 - ₹168
Blue Pebble IPO minimum Investment was ₹127200
Blue Pebble IPO issue size was ₹ 171.7 M - ₹ 181.4 M
Blue Pebble had a minimum lot size of 800 Shares per application
Blue Pebble NUMBER OF SHARES ON OFFER
Blue Pebble IPO IMPORTANT DATES
| Issue Open Date | 26 Mar 2024 |
| Issue close Date | 28 Mar 2024 |
| Allotment Date | 01 Apr 2024 |
| Refund Date | 02 Apr 2024 |
| Demat Account Credit Date | 02 Apr 2024 |
| Listing Date | 03 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Blue Pebble Allotment Status | Exchange |
Blue Pebble IPO subscription opened on 26 Mar 2024, and closed on 28 Mar 2024
IPO allotment for Blue Pebble was finalized on Monday, 01 Apr 2024
IPO listing for Blue Pebble was on NSE on Wednesday, 03 Apr 2024
Blue Pebble IPO LISTING GAINS
| Issue Price (adjusted) | 168.0 |
| Listing Open Price | 199.0 |
| Listing Close Price | 208.9 |
| Listing Gain% | 18.4% |
| Current Gain% | -52.4% |
Blue Pebble Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Blue Pebble Ltd. | 80 | 32.6 | 67 | 1.5 | 1.8 | 1.5 | 22.2 | 0.5 | 1.2 | ||||
| Sagility Ltd. | 43.9 | 20546.4 | 20.7 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 356.7 | 15415.1 | 25.3 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29 | 6758 | 16.1 | 0 | 6.1 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 427.2 | 6036.7 | 41.2 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.1 | 4456.1 | 38.7 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Blue Pebble INFORMATION ON IPO ISSUE
About Blue Pebble
Blue Pebble was incorporated on September 08, 2017. The company offers comprehensive solutions, catering to clients' design, printing, and fabrication needs. It manages the entire process from conceptualization to final product delivery. Blue Pebble provides a wide range of printing and designing services, including theme-based designs, large format printing, vinyl printing, fabric printing, canvas printing, signage manufacturing, and 3D art installation. Additionally, it specializes in the sourcing and installation of curios, sculptures, and artisanal hand paintings.
Object of the Issue
- Funding capital expenditure for the installation of additional machinery.
- Meeting working capital requirements.
- Allocation for general corporate purposes.
Blue Pebble - PROMOTERS
| Name |
|---|
| Nalin Gagrani |
| Manoj Bhushan Tiwari |
Blue Pebble Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Blue Pebble Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Blue Pebble Strengths
Relationships with customers
Over the years, the company has cultivated enduring relationships with a diverse client base, including entities such as banks, IT companies, multinational corporations, and others. Its consistent delivery of quality work has fostered established relationships with these clients, resulting in repeated business opportunities
Product portfolio
The company specializes in providing services related to the conceptualization, design, printing, furnishing, and installation of a wide range of interior and workplace elements. This includes wallpaper, graphics, signage, and various furnishing products
Blue Pebble Risks
Faces competition
The company faces competition from domestic competitors in its business sector. This competitive landscape could potentially have an adverse impact on its business operations and financial performance
Negative cash flows
The company has experienced negative net cash flows in the past, and there is a possibility of continuing negative cash flows in the future.
IPO FAQs
The promoters of the company are Nalin Gagrani and Manoj Bhushan Tiwari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 159.0 - 168.0.
The IPO application opens on Mar 26, 2024 and closes on Mar 28, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 127,200.0, the maximum value for this IPO is Rs 134,400.0.
This IPO will be allotted on Apr 01, 2024.
The refund will be credited to your account on Apr 02, 2024.
The allotted shares will be credited to your demat on Apr 02, 2024.
Blue Pebble Ltd.’s shares listed on the stock exchanges on Apr 03, 2024.