Blue Pebble IPO lists with 18.5% Premium

Blue Pebble IPO had opened for subscription on March 26, 2024, & it ended on March 28, 2024. Blue Pebble made its grand entry into stock market with strong debut on NSE SME platform, listing at ₹199 per share, remarkable 18.5% premium over its issue price. Street had anticipated decent listing gains, as evidenced by grey market premium of ₹15, indicating investors' willingness to pay more than issue price.

Blue Pebble IPO, which saw robust subscription figures, was oversubscribed 56.32 times by day 3 of bidding. Non-institutional buyers & retail investors showed significant interest, subscribing 97.31 times & 58.40 times, respectively, while Qualified Institutions (QIBs) bid 21.77 times their allotted quota. Blue Pebble's pricing band ranged between ₹159 to ₹168 per share, with minimum lot size of 800 shares. ₹18.14 crore IPO comprised solely of new issuance of 1,080,000 equity shares.

Established in 2017, Blue Pebble offers environmental branding & interior design services, specializing in concept, design, printing, furnishing, & installation of various products for corporate interiors & exterior workplace environments. Company's portfolio includes vinyl graphics, signage, 3D walls, glass films, artefacts, murals, sculptures, & more.

Despite strong response to its IPO, Blue Pebble's listing was slightly lower than anticipated. However, company remains optimistic about its growth prospects, with plans to utilize IPO proceeds for additional machinery, working capital, & general corporate purposes.

To Summarize

Blue Pebble's financial performance reflects its promising trajectory, with nearly threefold increase in FY23 revenue to ₹15.94 crore & more than fourfold surge in net profit to ₹2 crores. With successful listing & robust business model, Blue Pebble sets stage for further expansion & value creation in interior design & environmental branding sector.