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Blue Pebble IPO
Price Band
₹159.0–168.0
Issue Size
₹18.14 Cr
Lot Size
800 shares
Min Investment
₹134,400
GMP
+₹15.0 (8.93%)
Issue Price
₹168.0
Subject to Sauda
₹9100
Paid only if allotted
Blue Pebble IPO AI Summary
- Blue Pebble IPO is listed on NSE SME in the Diversified Commercial Services sector.
- Price band: ₹159.0–₹168.0 per share, lot size 800 shares (min. investment ₹134,400).
- Subscription window: 26 Mar–28 Mar 2024, listing on 03 Apr 2024.
- Current GMP is +₹15.0 (8.93%), an estimated listing price of ₹183 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Blue Pebble IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Blue Pebble IPO Grey Market Premium (GMP) Today
GMP
+₹15.0
GMP %
+8.93%
Est. Listing
₹183.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2017, Blue Pebble Limited provides interior design and environmental branding solutions. The company provides 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, artefacts, wall panels, murals and sculptures for corporate interiors and external workplace environments. The company's printing and design services include 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. The company is headquartered in Mumbai and has a presence in Delhi, Maharashtra, Gujarat, Utter Pradesh, Telangana, Odisha, Madhya Pradesh, Punjab, Tamilnadu, etc. Blue Pebble won an architecture and interior design award presented by Beginup Research Intelligence Pvt Ltd. in 2022. It was awarded "Most Creative & Innovative Design Agency" by Design Awards India in 2022 and "India's Best Design Studio" by IBDA in 2023. As of September 30, 2023, Blue Pebble has 34 full-time employees in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 9.34 | 8.76 | 3.43 | 3.00 |
| Total Income | 13.23 | 15.95 | 5.48 | 4.21 |
| Profit After Tax | 2.92 | 2.00 | 0.38 | 0.20 |
| NET Worth | 6.06 | 3.14 | 1.14 | 0.76 |
| Reserves and Surplus | 3.06 | 3.13 | 1.13 | 0.75 |
| Total Borrowing | 0.27 | 0.37 | 0.37 |
Key Ratios
EPS
₹6.68
NAV
₹20.21
ROE
63.39%
ROCE
64.12%
RoNW
48.14%
P/B Value
8.31
P/E Ratio
25.16
Market Cap
₹68.54 Cr
PAT Margin
22.14%
Promoters
Nalin Gagrani, Karuna Nalin Gagrani and Manoj Bhushan Tiwari
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards installation of additional machinery 4.93 2 To meet working capital requirements 6.55 3 General Corporate Purpose 4.28
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5.48 Cr in the year ended 31 Mar 2022, rising to ₹15.95 Cr by 31 Mar 2023, before decreasing to ₹13.23 Cr by 30 Sep 2023. However, the latter figure is for a 9-month period and is not directly comparable to the full-year figures.
Profit Trend
Profit After Tax was ₹0.38 Cr for the year ended 31 Mar 2022, increasing to ₹2.00 Cr by 31 Mar 2023, and further rising to ₹2.92 Cr by 30 Sep 2023. Again, the latest figure is from a 9-month period, making direct comparison with the full-year figures less straightforward.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the price at which shares are being traded in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the stock is likely to list at a premium, while a negative GMP indicates a potential discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk appetite and investment goals. Factors to consider may include the company's growth potential, market conditions, and individual financial situations.
Who May Want to Wait
Investors who prefer stable, established companies with lower risk profiles may want to avoid this IPO. Additionally, those not comfortable with the inherent risks of investing in smaller companies or those with limited operating history should consider their options carefully.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens for subscription on 26 March 2024 and closes on 28 March 2024. Allotment of shares will occur on 1 April 2024, with listing on the stock exchange set for 3 April 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price due to high demand, others may not perform as well. Factors influencing listing performance include market sentiment, overall economic conditions, and the company's financial health. Investors should be prepared for potential volatility on the listing day.
This evaluation is generated from Blue Pebble's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Blue Pebble IPO GMP today?
Blue Pebble IPO GMP today is +₹15.0 (8.93%), indicating an estimated listing price of ₹183. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Blue Pebble IPO?
The price band of Blue Pebble IPO is ₹159.0–₹168.0 per share.
When does Blue Pebble IPO open and close?
Blue Pebble IPO opens on 26 March 2024 and closes on 28 March 2024.
When does Blue Pebble IPO list on the stock exchange?
Blue Pebble IPO listed on 03 April 2024 at ₹183.0.
What is the lot size for Blue Pebble IPO?
The lot size for Blue Pebble IPO is 800 shares, requiring a minimum investment of ₹134,400.
What is the lot size for the Blue Pebble IPO?
The lot size for the Blue Pebble IPO is 800 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹134,400.
What is the price band for the Blue Pebble IPO?
The price band for the IPO is between ₹159.0 and ₹168.0.
When will the Blue Pebble IPO be listed?
The listing date for the Blue Pebble IPO is 3 April 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
01 Apr 2024
Listing
03 Apr 2024
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