Blue Pebble shares list at 18% premium over issue price

The IPO, which was completely a fresh equity issue of 10.8 lakh shares, received a healthy response from investors with a subscription of over 50 times at close.

The net proceeds from the public offer will be used for funding capital expenditure towards installation of additional machinery, working capital requirements of the company and general corporate purposes.

Founded in 2017, the company specialises in spatial design and offers bespoke environmental branding solutions. It provides a comprehensive range of services encompassing conceptualisation, design, printing, furnishing, and installation of Vinyl graphics, signage, and various furnishing products.

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Blue Pebble also deals in sourcing and installation of curios, sculpture and artisanal hand paintings. Its expertise extends to designing and printing signage components aimed at enhancing workspace functionality, efficiency, and aesthetics. This includes wayfinding signage, digital signage, outdoor signage, indoor signage, safety signage, and more.

Over the years, the company has steadily expanded its execution capabilities and successfully completed more than 20 projects during the last 3 years.

Its current order book stands at Rs 17.81 crore, covering designing, printing, and installation of graphics, 3D elements, vinyl, wall panels, glass films, sculptures, wall murals, and interior and exterior products.

For the six months ended September 2023, the company clocked revenues of Rs 13.18 crore and net profit of Rs 2.91 crore.

Hem Securities acted as the lead manager to the issue and Bigshare Services was the registrar.