Blue Pebble Lists at 18% Premium at Rs 199 per share on NSE

Blue Pebble Limited provides interior design and environmental branding solutions., debuted on the Indian stock market today.

The stock of Blue Pebble Limited opened at Rs 199 per share on the NSE, indicating an impressive 18.45% premium over the final issue price of Rs 168 per share. The market capitalisation on the NSE stands at Rs 83.64 crore and the stock is currently trading at around Rs 205 per share on the NSE.

IPO Proceeds

The company aims to use the Net Proceeds from the Fresh Issue for funding capital expenditure towards the installation of additional machinery, meeting working capital requirements, and general corporate purposes.

Business Overview

Founded in 2017, Blue Pebble Limited provides interior design and environmental branding solutions. The company offers conceptualization, design, printing, furnishing, and installation of vinyl graphics, signage, and various furnishing products, including but not limited to 3D walls, frost/clear glass films, artifacts, wall panels, murals, and sculptures for corporate interiors and external workplace environments. The company’s printing and design services encompass themed designs, large format printing, vinyl printing, fabric printing, canvas printing, signage fabrication, and 3D art installation.

The company’s clients include companies from the banking sector, MNCs, and IT sectors, including Infosys Limited, HDFC Bank Limited, American Express, Bank of America, Nestle, British Petroleum, Moody’s, etc.

Subscription details

On March 28, 2024, the final day of the IPO window, the IPO witnessed an impressive response, with a subscription rate of 56.32 times. The public issue received remarkable interest, with the retail category being subscribed 58.40 times, while the DII and NII categories reached a subscription rate of 21.77 and 97.31 times respectively.

The IPO price band was Rs 159 and Rs 168, with a face value of Rs 10 per share and a lot size of 800 shares. The total size of the company’s IPO was Rs 18.14 crore, and the final share issue price was fixed at Rs 168 each.

Conclusion

The crucial question that arises in everyone’s mind is whether to hold onto the shares or book profits. Investors who applied for listing gains only have already earned 22% on the listing day itself and can choose to book the profit it has generated or put a stop loss at today’s low price. On the other hand, investors with a higher risk appetite may opt to hold the shares for the medium to long term, which could prove to be beneficial.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.