THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

BLUE PEBBLE LIMITED

Our Company was originally incorporated as "Blue Pebble Private Limited" on September 08, 2017 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre with CIN:U74999MH2017PTC299497. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on September 2 7 ,2023 our Company was converted into a Public Limited Company and consequently the name of our Company was changed from "Blue Pebble Private Limited” to "Blue Pebble Limited" vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 25,2023, issued by the Registrar of Companies, Maharashtra, Mumbai, bearing CIN: U74999MH2017PLC299497.

We provide a comprehensive range of services encompassing conceptualization, design, printing, furnishing, and installation of Vinyl graphics, signage, and different furnishing products, including but not limited to 3D walls, frost/clear glass films, artefacts, wall panels, wall murals, sculptures for corporate interiors and exterior workplace environments. Our solutions are customtailored to meet the unique requirements of each client. Our clientele spans across diverse industry sectors, including banks, multinational corporations (MNCs), IT etc. Over the years, our company has successfully executed design, printing, furnishing, installation, and related projects at various locations throughout India, serving notable clients such as Infosys Limited, HDFC Bank Limited, American Express, Bank of America, Nestle, British Petroleum, Moody's etc. We prioritize building long-term client relationships by delivering quality products and services.

INITIAL PUBLIC OFFER OF UPTO 10,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH (THE "EQUITY SHARES") OF BLUE PEBBLE LIMITED ("OUR COMPANY" OR "BPL" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs. 108/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF Rs. 158/- PER EQUITY SHARE) FOR CASH, AGGREGATING UP TO Rs. 1814.40 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 56,000 EQUITY SHARES OF FACE VALUE OFRs. 10 EACH, AT AN ISSUE PRICE OF Rs. 168/- PER EQUITY SHARE FOR CASH, AGGREGATING Rs. 94.08 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,24,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH, AT AN ISSUE PRICE OF Rs. 168/- PER EQUITY SHARE FOR CASH, AGGREGATING UPTO Rs. 1720.32 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.47% AND 25.10% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

a) Our projects are exposed to various implementation and other risks and uncertainties such as time and cost overrun, which may adversely affect our business, financial condition, results of operations, and prospects.

b) Our product is subject to frequently changing designs, patterns, customer requirements and tastes, our inability to meet such needs or preferences may affect our business.

c) The Merchant Banker associated with the Issue has handled 42 public issue in the past three years out of which 2 Issue closed below the Issue Price on listing date.

d) Average cost of acquisition of Equity Shares held by the Individual Promoter is

and the Issue Price at the upper end of the Price Band is Rs. 168/- per Equity Share.

e) The Price/ Earnings ratio based on Diluted EPS for Fiscal 2023 for the company at the upper end of the Price Band is 25.15.

f) Weighted Average Return on Net worth for Fiscals 2021,2022,2023 is 47.38%.

g) The Weighted average cost of acquisition of all Equity Shares transacted in the last one year, 18 months and three years from the date of Prospectus is as given below:

h) The Weighted average cost of acquisition compared to floor price and cap price

^^ There were no secondary transactions as mentioned in paragraph 8(b) above, in last 18 months from the date of the Prospectus.

The Issue was being made through the Book Building Process, in term s of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available fo r allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), Our Company in consultation with the Book Running Lead Manager has allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"). Further, not less than 15% of the Net Issue shall be available fo r allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was made available fo r allocation to Retail Individual Bidders in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts w ill be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 204 of the Prospectus.

The investors are advised to refer to the Prospectus fo r the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or before Wednesday, -April 0 3,2024 *

*Subject to the receipt of listing and trading approval from the NSE (NSE Emerge).

The bidding fo r Anchor Investors opened and closed on Friday, March 22, 2024. The Company received 3 Anchor Investors applications for 4,19,200 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 168/- per Equity Share. A total of 3,05,600 Equity Shares were allotted under the Anchor Investors portion aggregating to Rs. 5,13,40,800/-.

The Issue (excluding Anchor Investors Portion) received 28453 Applications for 40559500 Equity Shares (after considering invalid bids but before Other than RC10 Transaction declined by Investors, RC10 Mandate not accepted by Investors and W ithdrawal/ Cancelled Bids reported by SCSB and technical rejections) resulting 52.40 tim es subscription (including reserved portion of market maker and excluding anchor investor portion). The details of the Applications received in the Issue from various categories are as under (before technical rejections):

Detail of the Applications Received (excluding Anchor Investors Portion):

Final Demand:

A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited (NSE Emerge) on April 01,2024.

1) Allotment to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 168/- per Equity Share, was finalized in consultation with NSE. The category has been subscribed to the extent of 57.59 times. The total number of Equity Shares Allotted in this category is 359200 Equity Shares to 449 successful applicants. The details of the Basis of Allotment of the said category are as under:

2) Allotment to Non-lnstitutional Investors (After Technical Rejections):

The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of Rs. 168/- per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 96.69 times (after technical rejection). The total number of Equity Shares Allotted in this category is 154400 Equity Shares to 159 successful applicants. The details of the Basis of Allotment of the said category are as under (Sample Basis):

3) Allotment to QIBs excluding Anchor Investors (After Technical Rejections):

Allotm ent to QIBs, who have bid at the Issue Price of Rs. 168/- or above per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 21.67 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 2,04,800 Equity Shares, which were allotted to 10 successful Applicants.

4) Allotment to Anchor Investors (After Technical Rejections):

The Company in consultation with the BRLM has allocated 3,05,600 Equity Shares to 3 Anchor Investors at the Anchor Investor Issue Price of Rs. 168/- per Equity Shares in accordance with the SEBI (ICDR) Regulations. This represents upto 60% of the QIB Category.

The Board of Directors of our Company at its meeting held on April 01, 2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotm ent Advice Cum Refund Intimation w ill be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before April 02,2024. In case the same is not received within ten days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on April 0 2,2024 fo r credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on April 03, 2024.

Note: All capitalized term s used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 29, 2024 filed with the Registrar of Companies, Mumbai ("RoC").

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

	Bigshare Services Private Limited
	Address: S6-2,6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai -
	400093, Maharashtra, India.; Tel No: +91 22 6263 8200; Email: ipo@bigshareonline.com;
	Investor Grievance Email: investor@bigshareonline.com; Website: www.bigshareonline.com;
	Contact Person: Jibu John; SEBI Registration No.: MB/INR000001385; CIN: U99999MH1994PTC076534

Disclaimer: Blue Pebble Limited has filed the Prospectus with the RoC on March 29, 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLM, Hem Securities Limited at www.hemsecurities.com and the Company at: www.enfuse-solutions.com, and shall also be available on the website of the NSE and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "RISK FACTOR" beginning on page 22 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act') or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being Issued and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such Issues and sales are made. There will be no public Issuing in the United States.