Blue Pebble IPO Subscribed 56.32 times

Tanushree Jaiswal 28th March 2024 - 05:51 pm

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024. With price band ranging from ₹159 to ₹168 per share, IPO offers investors opportunity to participate.

Retail investors can apply for minimum lot size of 800 shares, necessitating investment of at least ₹134,400. Meanwhile, high net worth individuals (HNI) have option to bid for 2 lots, equivalent to 1,600 shares, requiring minimum investment of ₹268,800.

Hem Securities Limited is book running lead manager of Blue Pebble IPO, while Bigshare Services Pvt Ltd is registrar for issue.

Read more about Blue Pebble IPO

Final Subscription Status of Blue Pebble IPO

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1	3,05,600	3,05,600	5.13
Market Maker	1	56,000	56,000	0.94
Qualified Institutions	21.77	2,04,800	44,57,600	74.89
Non-Institutional Buyers	97.31	1,54,400	1,50,24,800	252.42
Retail Investors	58.40	3,59,200	2,09,76,800	352.41
Total	56.32	7,18,400	4,04,59,200	679.71
Total Application : 26,221

As of 28 March 2024, 17:30 PM

Blue Pebble IPO Subscription details depict remarkable level of investor interest & demand, with issue being oversubscribed by 56.32 times overall.

Notably, retail category witnessed robust demand, subscribing 58.40 times, indicating significant participation from individual investors. Non-Institutional Buyers (NII) category also exhibited substantial oversubscription, recording remarkable 97.31 times subscription, reflecting high demand from high net-worth individuals & corporate investors.

However, Qualified Institutions category saw comparatively lower subscription levels at 21.77 times, suggesting relatively moderate interest from institutional investors. Overall, strong subscription figures across all investor categories underscore positive market sentiment & investor confidence in Blue Pebble's IPO offering.

Blue Pebble Limited Allocation Quota for Various Categories

Investor Category	Shares Allocated in IPO
Market Maker Shares	56,000 shares (5.19% of total issue size)
Anchor Allocation Portion	305,600 shares (28.30% of total issue size)
QIB Shares Offered	204,800 shares (18.96% of total issue size)
NII (HNI) Shares Offered	154,400 shares (14.30% of total issue size)
Retail Shares Offered	359,200 shares (33.26% of total issue size)
Total Shares Offered	1,080,000 shares (100.00% of total issue size)

Data Source: NSE

How Subscription Built up for IPO of Blue Pebble Limited

Date	QIB	NII	Retail	Total
Day 1 Mar 26, 2024	2.45	2.78	8.05	5.32
Day 2 Mar 27, 2024	2.48	11.74	24.70	15.58
Day 3 Mar 28, 2024	21.77	97.31	58.40	56.32

As of 28 March 2024, 17:35 PM

Key Takeaways from Blue Pebble IPO Subscription Details:

Subscription journey of Blue Pebble IPO reflects gradual but significant increase in investor interest & demand over three-day period.

- Day 1: IPO started with modest subscription figures across all investor categories, with Qualified Institutional Buyers (QIB) & Non-Institutional Buyers (NII) showing moderate interest, while Retail category witnessed comparatively higher subscription.

- Day 2: Momentum began to pick up on second day, with subscription numbers witnessing notable uptick across all segments. Both QIB & NII categories saw increased participation, indicating growing investor confidence in offering.

- Day 3: Final day of subscription witnessed substantial surge in demand, particularly from NII & Retail investors, leading to robust oversubscription levels. NII category recorded impressive subscription of 97.31 times, while Retail category also showed significant interest, subscribing 58.40 times.

Overall, IPO garnered substantial attention from investors, with oversubscription indicating strong market demand & positive sentiment towards Blue Pebble's offering. This enthusiastic response suggests investor confidence in company's prospects & highlights attractiveness of IPO in current market scenario.

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Tanushree Jaiswal

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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