Blue Pebble Limited provides interior design and bespoke environmental branding solutions. Blue Pebble IPO envisages to raise ₹18.14 Cr. entirely as a fresh issue.

About Blue Pebble Limited:

• Established in 2017, company specializes in spatial design and offers bespoke environmental branding solutions.
• They provide a comprehensive range of services encompassing 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, wall murals, sculptures for corporate interiors and exterior workplace environments.
• The solutions are custom-tailored to meet the unique requirements of each client.
• They offer comprehensive solutions, catering to clients’ design, printing, and fabrication needs. Their capabilities are supported by a dedicated design studio and printing facility located at Malad West, Mumbai.
• They operate from an office situated at Mumbai and have expanded their presence and network to different parts of the country, taking on projects in various regions, including Delhi, Maharashtra, Gujarat, Utter Pradesh, Telangana, Odisha, Madhya Pradesh, Punjab, Tamilnadu etc.
• They are led by experienced promoters, Nalin Gagrani, Manoj Bhushan Tiwari and Karuna Nalin Gagrani.

Financials: Blue Pebble Limited

Anchors: Blue Pebble IPO

Blue Pebble IPO: Salient Points

• The Net Proceeds are proposed to be utilized in the manner set forth below:

• Service wise revenue break up for stub period and three years:

• Service offerings for both interior and exterior corporate environments.
• In house Design Studio & Printing Facility at Mumbai Maharashtra.
• Based on company’s work, company have developed an established relationship with top notch clients which has helped in getting repeated business.
• The company has successfully executed design, print, fit-out, installation and related projects at various locations across India, serving reputed clients like Infosys Limited, HDFC Bank Limited, American Express, Bank of America, Nestle, British Petroleum, Moody’s etc.
• Peers: None
• Over the year, they have steadily expanded our execution capabilities and successfully completed more than 20 projects during the period of last 3 years.
• Their current order book value stands at Rs. 1781.22 Lakhs, covering designing, printing, and installation of graphics, 3D elements, vinyl, wall panels, glass films, sculptures, wall murals, and interior and exterior products.
• Zero Debt Company.
• 94% CAGR growth in Revenues for the period FY 2021-23.
• EBITDA margin 17.51% and PAT margin of 12.58% in FY 23
• Blue Pebble IPO is coming at a PE ratio of 34x (FY23 Earnings) and 11.7x (fy24 annualized earnings)
• I intend to apply in Blue Pebble IPO subject to availability of funds.
• GMP as reported on social media has been Rs. 50
• Hem securities is the Lead Manager to the issue. The IPOs lead managed by them have in general good return to the investors. These include names like Enfuse Solutions, Sona Machinery Limited, Harshdeep Hortico Limited, Megatherm Induction Limited, New Swan Multitech Limited, Shri Balaji Valve Components Limited, Shanti Spintex, SJ Logistics,Siyaram Recycling Industries Limited, Deepak Chemtex Limited, Paragon Fine And Specialty Chemicals, E Factor Experiences Limited, Arabian Petroleum Limited, ,Saakshi Medtech and Panels Limited, Kahan Packaging Limited, Asarfi Hospital Limited, Kaka Industries, Green Chef, Vasa Denticity, Chaman Mettalics, Hemant Surgicals, Labelkraft, Concord Control Systems Limited, Earthstahl & Alloys Limited, Silicon Rental Solutions Limited, Krishna Defence and Allied Industries, Prevest Denpro Limited etc.
• SME IPO are much more risky and volatile than mainboard IPOs.
• Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.