Blue Pebble Limited is coming up with an IPO worth INR 18.14 crores, consisting of a fresh issue of 10.80 lakh shares. The company plans to use the funds raised to meet the working capital requirements, purchase machinery, and general corporate purposes.
Blue Pebble Ltd IPO – Important Dates
| Blue Pebble IPO Date | March 26, 2024 to March 28, 2024 |
| Blue Pebble IPO Listing Date | April 3, 2024 |
| Blue Pebble IPO Price | INR 159 to 168 per share |
| Blue Pebble IPO Lot Size | 800 Shares |
| Blue Pebble IPO Total Issue Size | INR 18.14 crores |
| Blue Pebble IPO Basis of Allotment | April 1, 2024 |
| Blue Pebble IPO Initiation of Refunds | April 2, 2024 |
| Blue Pebble IPO Credit of Shares to Demat | April 2, 2024 |
| Blue Pebble IPO Issue Type | Book Built Issue IPO |
| Blue Pebble IPO Listing At | NSE SME |
Blue Pebble Limited IPO – Company Profile
Established in 2017, the company provides spatial design and bespoke environmental branding solutions. It provides a comprehensive range of services encompassing conceptualization, design, printing, furnishing, and installation of Vinyl graphics, signage, and different furnishing products, including but not limited to 3D walls, frost/clear glass films, artifacts, wall panels, murals, sculptures for corporate interiors and exterior workplace environments.
Over the year, the company has steadily expanded its execution capabilities and completed more than 20 projects during the period of last 3 years. The current order book value stands at Rs. 17.81 crores, covering designing, printing, and installation of graphics, 3D elements, vinyl, wall panels, glass films, sculptures, murals, and interior and exterior products.
Blue Pebble Ltd IPO Review
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 548.14 | 1594.96 | 1322.68 |
| Equity (₹ in lakhs) | 114.06 | 314.39 | 606.17 |
| Expenses (₹ in lakhs) | 497.04 | 1322.20 | 934.01 |
| Profit and Loss After Tax (₹ in lakhs) | 38.05 | 200.33 | 291.78 |
| Diluted EPS only (₹) | 1.27 | 6.68 | 9.73 |
| Return on Net Worth (%) | 33.36% | 63.72% | 47.38% |
| NAV per Equity Share (₹) | 3.80 | 10.48 | 20.21 |
| Total Assets (in lakhs) | 342.62 | 876.36 | 934.35 |
| Total Liabilities (in lakhs) | 228.56 | 561.97 | 328.18 |
Blue Pebble Limited IPO Fundamental Analysis
The financial overview of the company set for an IPO showcases a compelling growth trajectory. With significant revenue upticks and improved profitability metrics, alongside a strengthening equity structure, the IPO presents an appealing investment opportunity worthy of further analysis.
- Revenue Growth: The company has shown impressive revenue growth from ₹548.14 lakhs in March 2022 to ₹1594.96 lakhs in March 2023, but there was a slight decrease to ₹1322.68 lakhs by September 2023. Overall, the revenue trend is positive, indicating potential market traction.
- Equity and Debt: The equity has increased consistently, reflecting growth and investor confidence. The debt levels have also increased but remain manageable.
- Profitability: The company’s profitability has improved significantly, with profit after tax rising from ₹38.05 lakhs in March 2022 to ₹291.78 lakhs by September 2023. This indicates strong operational performance and potential for sustainable profits.
- Earnings per Share (EPS): The diluted EPS has shown substantial growth, indicating enhanced earnings per share for investors. This growth trajectory is a positive sign for potential investors.
- Return on Net Worth (RoNW): The RoNW has also shown improvement, indicating efficient utilization of equity capital to generate profits. This is a key metric demonstrating the company’s ability to generate returns for shareholders.
- Financial Position: The NAV per equity share has more than doubled, indicating a significant increase in the underlying asset value per share. This reflects positively on the company’s financial strength and potential for future growth.
- Liquidity and Efficiency: The company’s liquidity position seems stable, with a manageable current ratio and efficient management of expenses.
Blue Pebble Ltd IPO Peer Comparison
There are no listed companies in India that are engaged in a business line similar to that of the company, thus it is not possible to provide an industry comparison.
Blue Pebble Limited IPO Objective
The main objective of Blue Pebble’s IPO is to invest in purchasing new machinery for expanding printing and design capabilities, allocating INR 4.93 crores. Additionally, INR 6.55 crores will address working capital needs, with the remaining funds supporting general corporate goals.
- To purchase and installation of new machinery: The company intends to expand its existing printing and designing facilities, which will help it in creating better designs & printing and offering new & intrinsic designs, especially in 3D art, which in turn gives the company the advantage. For purchasing new machinery the company plans to utilise INR 4.93 crores from the funds raised.
- To meet the working capital requirement: The company plans to utilise INR 6.55 crores to meet its working capital requirement.
- General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including but not restricted to strategic initiatives, partnerships, joint ventures, and strategic entity/business acquisitions, branding, marketing, and new client referral fees meeting exigencies.
Blue Pebble Ltd IPO Risks And Challenges
The company’s risks include challenges in meeting evolving customer preferences and tastes, impacting business. Additionally, competition from domestic rivals threatens business and financial performance.
- The company’s products are subject to frequently changing designs, patterns, customer requirements, and tastes, and its inability to meet such needs or preferences may affect the business.
- The company faces competition in the business from domestic competitors. Such competition would hurt the business and financial performance.
Blue Pebble IPO – Industry & Market Potential
The Real estate sector in India is expected to reach US$ 1 trillion in market size by 2030, up from US$ 200 billion in 2021. India’s real estate market is estimated to increase at a CAGR of 19.5% during 2017- 2028. The market is forecast to reach US$ 650 billion, representing 13% of India’s GDP by 2025.
Fresh real estate launches across India’s top seven cities grabbed a 41% share in the first quarter of 2023 (January-March), marking an increase from the 26% recorded in the same period four years ago. Out of approximately 1.14 lakh units sold across the top seven cities in the first quarter of 2023, over 41% were fresh launches. • In 2022, India’s real estate sector experienced price growth of 6%.
Increasing the share of real estate in the GDP would be supported by increasing industrial activity, improving income levels, and urbanization.
Blue Pebble Limited IPO – Type of Offer
Blue Pebble Limited is launching an IPO valued at INR 18.14 crores, comprising 10.80 lakh new shares. The company intends to allocate the proceeds towards meeting working capital needs, acquiring machinery, and general corporate purposes.
Blue Pebble Ltd IPO Offer Size
The offer size of Blue Pebble Limited’s IPO is INR 18.14 crores. The net proceeds will be used to meet the working capital requirement, purchase machinery, and general corporate purposes.
Blue Pebble IPO Allotment Structure
Blue Pebble’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. A portion of the offer is reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Makers Reservations: A portion of the issue, i.e., 56,000 shares are reserved for market makers.
How to apply for a Blue Pebble Works Limited IPO?
To apply for the Blue Pebble IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Blue Pebble IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Blue Pebble IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Blue Pebble’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Blue Pebble IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Blue Pebble IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Blue Pebble IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Blue Pebble IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Blue Pebble Ltd IPO Offer Registrar
The registrar for the Blue Pebble Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093,
E-mail Id: [email protected]
Website: www.bigshareonline.com
Blue Pebble Limited IPO – FAQs
1. What is the allotment date of Blue Pebble Limited?
The allotment date of the Blue Pebble Limited IPO is April 1, 2024.
2. What is the price band of the Blue Pebble IPO?
The price band of the issue is INR 159-168 per share.
3. What is the size of the Blue Pebble IPO?
Blue Pebble Limited is launching an IPO valued at INR 18.14 crores, comprising 10.80 lakh new shares. The company intends to allocate the proceeds towards meeting working capital needs, acquiring machinery, and general corporate purposes.
4. What is the listing date of the Blue Pebble IPO?
The listing date of Blue Pebble’s IPO is April 3, 2024.
