Interior design and environmental branding solutions provider Blue Pebble is set to launch its initial public offering (IPO) on March 26 and close on March 28, with plans for a capital increase ₹18.14 Crores by issuing 10.80 lakh new shares.
The company has set a price range of ₹159 to ₹168 per share for the upcoming IPO of small and medium enterprises (SMEs). The shares of Blue Pebble IPO are proposed to be listed on NSE Emerge. The planned listing date is Wednesday, April 3, 2024.
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The issue proceeds will be used to fund capital expenditures for the installation of additional machinery to meet working capital requirements and general corporate purposes.
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.
On Monday, April 1, 2024, the shares for Blue Pebble's IPO are expected to be allotted and on Thursday, Tuesday, April 2, 2024, the shares will be credited to the demat account of the allottees.
The IPO comprises 50% of net issuance for QIB, 35% for retail investors and 15% of net issuance for NII segment.
Private investors must invest at least ₹1,344 Lakh based on the minimum lot size of 800 shares per application. Meanwhile, High Net Worth Individuals (HNIs) must bid for at least two lots totaling 1,600 shares, equivalent to an investment of ₹2,688 lakh in the upper price range.
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Blue Pebble Limited offers comprehensive services that include conception, design, printing, setup and installation of vinyl graphics, signage and a diverse selection of home furnishing products. These products range from 3D walls, frosted/clear glass films, artifacts, wall panels and murals to sculptures tailored for both corporate interiors and external work environments. The company's expertise extends to themed designs, large format printing, vinyl printing, fabric printing, canvas printing, signage manufacturing and 3D art installation.
Blue Pebble Limited recorded a Compound Annual Growth Rate (CAGR) of 94.63% in revenue from the financial year ended March 31, 2023 to March 31, 2021, while its Profit After Tax (PAT) grew at a CAGR of 216, 01% increase.
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