Blue Pebble share price witnessed a robust start, debuting at ₹199 on the NSE SME platform on Wednesday, marking an 18.5% premium over the issue price.
Market sentiments had indicated expectations of decent listing gains, as suggested by the grey market premium data.
The grey market premium (GMP) for Blue Pebble’s IPO was at +15, signifying that shares of Blue Pebble were trading at a premium of ₹15 in the grey market, as per data from www.investorgain.com.
Considering the upper end of the IPO price range along with the existing grey market premium, the anticipated listing price for Blue Pebble shares was ₹183 per share, reflecting an increase of 8.93% over the IPO price of ₹168.
The strong subscription figures for the Blue Pebble IPO further underscored investor interest, with the issue being oversubscribed 56.32 times by the end of day 3. The non-institutional buyers’ portion was subscribed 97.31 times, while retail investors’ portion was subscribed 58.40 times. The portion set aside for qualified institutions (QIBs) was subscribed 21.77 times.
The bidding for the Blue Pebble IPO commenced on March 26, 2024, and concluded on March 28, 2024, with the allocation completed on April 1, 2024.
The pricing band for the Blue Pebble IPO was set between ₹159 to ₹168 per share, with a minimum bid lot size of 800 shares.
The ₹18.14 crore Blue Pebble IPO comprised a fresh issuance of 1,080,000 equity shares, each with a face value of ₹10, with no offer for sale component.
Established in 2017, Blue Pebble Limited specializes in offering environmental branding and interior design services. The company provides a wide range of services, including concept design, printing, furnishing, and installation of vinyl graphics, signage, and various furnishing products for corporate interiors and exterior workplace environments. Their offerings include themed designs, large-format printing, vinyl, fabric, and canvas printing, sign fabrication, and installation of 3D art.
