What you must know about Blue Pebble IPO?

About Blue Pebble Limited Limited

Blue Pebble Limited, established in 2017, specializes in interior design and environmental branding solutions. Blue Pebble offers comprehensive services encompassing conceptualization, design, printing, furnishing, and installation. Their offerings include vinyl graphics, signage, 3D walls, glass films, artifacts, wall panels, murals, and sculptures, catering to corporate interiors and external workplace environments. The company's design and printing services cover a wide spectrum, from themed designs to large format printing, vinyl printing, fabric printing, and signage fabrication.

Among its clientele are prominent entities in the banking, MNC, and IT sectors, such as Infosys Limited, HDFC Bank Limited, American Express, Bank of America, Nestle, British Petroleum, and Moody's. Headquartered in Mumbai, Blue Pebble has a widespread presence across various states including Delhi, Maharashtra, Gujarat, Uttar Pradesh, Telangana, Odisha, Madhya Pradesh, Punjab, and Tamil Nadu.

Blue Pebble has garnered several accolades, including an architecture and interior design award from Beginup Research Intelligence Pvt Ltd. in 2022. It was also honoured as the "Most Creative & Innovative Design Agency" by Design Awards India in 2022 and recognized as "India's Best Design Studio" by IBDA in 2023.

Blue Pebble Ltd. 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.

Highlights of Blue Pebble IPO

1. Blue Pebble IPO, valued at Rs 18.14 crores, comprises a fresh issue of 10.8 lakh shares.
2. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024.
3. The allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, the IPO is slated to debut on NSE SME, with a tentative listing date of Wednesday, April 3, 2024.
4. With a price band ranging from ₹159 to ₹168 per share, the IPO offers investors an opportunity to participate.
5. Retail investors can apply for a minimum lot size of 800 shares, necessitating an investment of at least ₹134,400. Meanwhile, high net worth individuals (HNI) have the option to bid for 2 lots, equivalent to 1,600 shares, requiring a minimum investment of ₹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.

Blue Pebble IPO allocation & lot size for investment

Blue Pebble Limited IPO will be distributed among retail investors, Qualified Institutional Buyers (QIBs) & High Net Worth Individuals (HNIs) / Non-Institutional Investors (NIIs). Allocation breakdown for overall Limited is mentioned below.

Lot sizes for investing in Blue Pebble Limited

Blue Pebble IPO offers investors the opportunity to bid for a minimum of 800 shares and multiples thereof. For retail investors, this translates to an investment of ₹134,400 for the minimum lot size.

Similarly, the maximum investment for both retail and high net worth individuals (HNI) remains capped at ₹134,400 for one lot. However, HNIs have the option to bid for a minimum of 2 lots, equivalent to 1,600 shares, amounting to ₹268,800.

This structure allows for flexibility in investment size while ensuring accessibility for retail participants and accommodating larger investments from HNIs.

Key dates for Blue Pebble Limited?

Blue Pebble IPO is scheduled to open for subscription from March 26, 2024, to March 28, 2024. Following the closure of the subscription period, the basis of allotment is expected to be finalized on Monday, April 1, 2024. Subsequently, refunds for non-allottees will be initiated on Tuesday, April 2, 2024, alongside the credit of shares to investors' demat accounts.

The listing of Blue Pebble IPO on the NSE SME platform is tentatively set for Wednesday, April 3, 2024. Investors are advised to ensure UPI mandate confirmation by 5 PM on March 28, 2024, to participate in the IPO.

These key dates provide clear timeline for investors to participate in IPO process, receive refunds if not allotted shares, & anticipate listing of Blue Pebble Limited on stock exchange.

Blue Pebble Limited Financial Information

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.

Blue Pebble Limited has demonstrated significant growth in its financial performance over the years. Between the financial years ending March 31, 2022, and March 31, 2023:

1. Blue Pebble Limited revenue surged by 190.98%, reaching ₹1,322.68 lakhs. This remarkable increase in revenue reflects the company's ability to generate higher sales and expand its operations effectively.
2. Blue Pebble Limited witnessed an impressive rise in its profit after tax (PAT), which increased by 426.49% during the same period. This substantial growth in profitability underscores the company's efficient cost management, improved operational efficiency, and potentially higher margins.
3. Blue Pebble Limited's total assets experienced a notable increase from ₹342.62 lakhs as of March 31, 2022, to ₹934.35 lakhs as of September 30, 2023. This substantial growth in assets suggests the company's expansion initiatives, investments in infrastructure, and potential acquisitions or partnerships to support its growth trajectory.
4. Blue Pebble Limited's net worth and reserves and surplus have also seen significant growth, indicating strong financial health and improved shareholder value. Blue Pebble Limited's net worth surged to ₹606.17 lakhs as of September 30, 2023, compared to ₹114.06 lakhs as of March 31, 2022. Similarly, reserves and surplus increased from ₹113.06 lakhs to ₹306.17 lakhs during the same period.
5. Blue Pebble Limited's total borrowing decreased from ₹37.20 lakhs as of March 31, 2022, to zero as of September 30, 2023. This reduction in borrowing could signify improved liquidity position and reduced financial leverage, contributing to the company's overall financial strength and stability.

Overall, the financial analysis indicates that Blue Pebble Limited has experienced robust growth in revenue, profitability, and asset base, which reflects positively on its business performance and future prospects.