The SME-listed stock, Blue Pebble Limited, has delivered huge gains to its investors, doubling their money within just six months of its stock market debut.
Blue Pebble made its debut in April 2024 at an 18% premium, and as of today, its stock price has jumped 126% from its IPO price of ₹168. On Monday, October 21, the stock hit an all-time high of ₹379.65 during intra-day trading. Compared to its listing price of ₹199, the stock has risen by about 91%.
However, after reaching this record high, the stock saw a 5.5% dip due to some investors taking profits. Despite this drop, Blue Pebble has seen impressive growth recently, rising about 18% in October alone, after a modest 2.5% increase in September. The stock faced some struggles earlier, with a 9% drop in August and a slight 0.3% dip in July. June was a strong month, as the stock surged by over 27%, following a sharp 16.5% drop in May.
IPO Performance and Subscription Details
Blue Pebble’s IPO, worth ₹18.14 crore, was open for public subscription from March 26 to March 28, 2024, and it got listed on the NSE SME platform on April 3, 2024. The price range for the IPO was between ₹159 and ₹168 per share, with investors needing to buy a minimum of 800 shares.
The IPO was a hit, being subscribed 56.32 times the offered size. Investors placed bids for 4.04 crore shares, though only 7.18 lakh shares were available. Retail investors subscribed 58.4 times, non-institutional investors (NIIs) subscribed 97.31 times, and qualified institutional buyers (QIBs) subscribed 21.77 times.
Retail investors had to put in at least ₹1,34,400 for 800 shares, while high-net-worth individuals (HNIs) needed at least two lots, costing ₹2,68,800 for 1,600 shares.
The company plans to use the money raised through the IPO for buying new machinery, covering working capital needs, and other corporate expenses.
About Blue Pebble Limited
Established in 2017, Blue Pebble Limited provides interior design and environmental branding services. Their work includes designing and installing vinyl graphics, signage, 3D walls, glass films, wall panels, and sculptures for offices and workplaces. They also offer printing services such as large-format, fabric, and vinyl printing, and create 3D art installations.
Blue Pebble’s clients come from many industries, including banking and IT, with big names like Infosys, HDFC Bank, and Nestle among them. The company, headquartered in Mumbai, operates across the country and has received an award for architecture and interior design from Beginup Research Intelligence Pvt Ltd.
Financial Performance for H1FY25
Blue Pebble has had a strong financial performance in the first half of FY25. The company reported a net profit of ₹3.76 crore, up 29% from ₹2.92 crore in the same period the year before. Its total income also increased by 80%, reaching ₹23.86 crore, compared to ₹13.22 crore in H1FY24.
With its steady financial growth and strong presence in the SME market, Blue Pebble continues to be a standout performer, delivering excellent returns to its investors.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
