Blue Pebble IPO: Here's date, price band, size and other key details
₹18.14 crores through the issuance of 10.80 lakh new shares. The company has established a price band of ₹159 to ₹168 per share for its upcoming small and medium enterprise (SME) IPO. The shares of Blue Pebble IPO is proposed to be listed on the NSE Emerge, with a projected listing date of Wednesday, April 3, 2024.
Also read: Aspire & Innovative IPO price band set at ₹51- ₹54 per share; check issue dates, other details of SME IPO The issue proceeds will be utilized in Funding Capital Expenditure towards the installation of additional machinery, to meet working capital requirements and general corporate purposes. Hem Securities Limited is the book running lead manager of the Blue Pebble IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. On Monday, April 1, 2024, the shares for the Blue Pebble IPO are anticipated to be allotted, and on Thursday, Tuesday, April 2, 2024, the shares will be credited to the demat account of the allottees.
The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment. Retail investors must invest at least ₹1.344 lakh, based on the minimum lot size of 800 shares per application. Meanwhile, High Net Worth Individuals (HNIs) are required to bid for a minimum of two lots, totaling 1600 shares, which equates to an investment of ₹2.688 lakh at the upper price band.
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