BLUEPEBBLE (NSE SME)
Mar 26, 2024 - Mar 28, 2024
| Price | ₹159 - ₹168 |
| Premium | ₹15 |
|---|---|
| Lot size | 800 |
| Allotment | Apr 1, 2024 |
| Listing | Apr 3, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 134400 | 449 |
| HNI | 2 | 1600 | 268800 | 193 |
Last updated on 28-Mar-2024 17:00:30
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 204800 | 4457600 | 21.77 |
| NIB | 154400 | 15080800 | 97.67 |
| RETAIL | 359200 | 20976800 | 58.4 |
| Total | 718400 | 40515200 | 56.4 |
| Retail Apps | 26221 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹22.03 | @8% ₹25.17 | @9% ₹28.32 | @10% ₹31.47 | @11% ₹34.62 | @12% ₹37.76 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Rajsthan Global Securities Private Limited | 180800 | 59.16% | 3.04 |
| Absolute Returns Scheme | 62400 | 20.42% | 1.05 |
| Saint Capital Fund | 62400 | 20.42% | 1.05 |
| Total | 305600 | 100.00% | 5.13 |
Blue Pebble IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 359200 |
| NII (HNI) | 14.30% | 154400 |
| Anchor | 28.30% | 305600 |
| QIB | 18.96% | 204800 |
| Market Maker | 5.18% | 56000 |
| Total | 100.00% | 1080000 |
Blue Pebble Limited, founded in 2017, specializes in providing innovative interior design and environmental branding solutions. The company offers a comprehensive range of services including conceptualization, design, printing, furnishing, and installation of various products such as vinyl graphics, signage, 3D walls, glass films, artifacts, murals, and sculptures for corporate interiors and external workplace environments. With a prestigious clientele spanning the banking, MNC, and IT sectors, including notable names like Infosys Limited, HDFC Bank Limited, and American Express, Blue Pebble has established a strong presence across multiple regions in India, with headquarters in Mumbai and operations in Delhi, Maharashtra, Gujarat, and other states. Recognized for its excellence, the company has received several awards, including the "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 employed 34 full-time employees dedicated to delivering exceptional design solutions and customer satisfaction.
Blue Pebble IPO Details
| 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 |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 63.39% | 93.51% | 40.04% |
| ROCE | 64.12% | 79.83% | 33.78% |
| RONW | 48.14% | 63.72% | 33.36% |
| EPS (basic & diluted) | 3.8 | 6.68 | 1.27 |
| P/BV | 8.31 | ||
| P/E (Pre IPO) | 25.16 |
Company Financials
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 | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 934.35 | 876.36 | 342.62 | 299.88 |
| Revenue | 1,322.68 | 1,594.96 | 548.14 | 421.04 |
| Profit | 291.78 | 200.33 | 38.05 | 20.06 |
| Net Worth | 606.17 | 314.39 | 114.06 | 76.01 |
| Reserves | 306.17 | 313.39 | 113.06 | 75.01 |
| Borrowing | 27.28 | 37.20 | 37.20 | |
| Amount in ₹ Lakhs | ||||
Strength Factors
Established Relationship with Customers: The Company’s long-standing relationships with its customers signify trust, satisfaction, and reliability, fostering repeat business and positive word-of-mouth referrals.
Qualified and Experienced Management Team: The presence of a skilled and experienced management team ensures effective decision-making, strategic planning, and operational efficiency, leading to sustainable growth and success.
Established Relationship with Material Suppliers: Having established relationships with reliable material suppliers enables the company to maintain consistent quality, timely delivery, and competitive pricing, enhancing its overall competitiveness and operational effectiveness.
Designing and Execution Capability: The company's strong capabilities in both design and execution allow it to deliver innovative and high-quality solutions tailored to meet customer needs, positioning it as a leader in its industry segment and enabling it to seize opportunities for growth and expansion.
Risk Factors
Implementation and Project Risks: The Company’s projects are exposed to various implementation risks such as time and cost overruns, as well as uncertainties. These factors can adversely affect the company's business, financial condition, and results of operations, potentially impacting its prospects for growth and profitability.
Product Adaptability and Customer Preferences: The Company’s products are subject to frequently changing designs, patterns, and customer requirements. Inability to adapt to these evolving needs and preferences may result in decreased demand for its products, affecting the company's business operations and financial performance.
Competition from Domestic Competitors: The Company faces competition from domestic competitors in its business sector. This competition poses a significant threat, potentially leading to price wars, loss of market share, and reduced profitability. The competitive landscape may adversely impact the company's business and financial performance, requiring strategic measures to maintain its competitive edge.
Hem Securities Limited
904, A wing, 9th Floor,
Naman Midtown, Senapati bapat marg,
Elphinstone road, Lower Parel, Mumbai 400 013
Website: https://www.hemsecurities.com
Email: ipoinfo@hemonline.com
Phone: +91 22 49060000
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html