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Blue Pebble Limited Logo: An Overview of Blue Pebble IPO

Blue Pebble Limited is set to make its mark on the stock market with its initial public offering (IPO), offering fresh shares worth Rs 18.14 crores. This book built issue consists of 10.8 lakh shares, marking an exciting opportunity for investors.

Key Dates and Details:
The subscription period for the Blue Pebble IPO commenced on March 26, 2024, and concludes today, March 28, 2024. The allotment process is anticipated to be finalized by Monday, April 1, 2024. Following this, the IPO is slated to be listed on the NSE SME platform, with the tentative listing date set for Wednesday, April 3, 2024.
Price Band and Lot Size:
Investors have the opportunity to participate in the IPO within a price band ranging from ₹159 to ₹168 per share. The minimum lot size for application stands at 800 shares, requiring a minimum investment of ₹134,400 for retail investors and ₹268,800 for High Net Worth Individuals (HNI).

Leading Players:
Hem Securities Limited acts as the book running lead manager for the Blue Pebble IPO, with Bigshare Services Pvt Ltd serving as the registrar. Additionally, Hem Finlease has been appointed as the market maker for this offering.

Reservation Details:
Blue Pebble IPO offers a total of 1,080,000 shares, with allocations set aside for various investor categories. This includes 204,800 shares for Qualified Institutional Buyers (QIBs), 154,400 shares for Non-Institutional Investors (NIIs), 359,200 shares for Retail Individual Investors (RIIs), and 305,600 shares for Anchor Investors.

Anchor Investors:
The company successfully raised Rs 5.13 crore from anchor investors, with the anchor bid date set on March 22, 2024. Notably, the anchor lock-in period for 50% of the shares ends on May 1, 2024, while the remaining shares have a lock-in period until June 30, 2024.

IPO Timeline:
The IPO timeline outlines crucial dates, including the opening and closing dates, basis of allotment, initiation of refunds, credit of shares to demat accounts, and the listing date. Investors should take note of the cut-off time for UPI mandate confirmation, which is 5 PM on March 28, 2024.
Promoter Holding:
Blue Pebble Limited's promoters include Nalin Gagrani, Karuna Nalin Gagrani, and Manoj Bhushan Tiwari. The pre-issue shareholding stands at 100.00%, which is expected to decrease to 73.52% post-issue.

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