Purple United Sales IPO is set to open on December 11, 2024, and will close on December 13, 2024. The Purple United Sales IPO is a Book Built Issue, aiming to raise approximately ₹32.81 crores. This includes a fresh issue of ₹32.81 crores and an offer for sale of up to [.]. The face value of each share is ₹10.
Purple United Sales IPO Price band is set between ₹121 to ₹126 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Purple United Sales IPO is scheduled to list on NSE on December 18, 2024, with the allotment announcement on December 16, 2024.
The company reported revenue of ₹42.20 crores in 2024, compared to ₹25.71 crores in 2023. It posted a Profit of ₹4.82 crores in 2024, compared to a Profit of ₹1.49 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Purple United Sales IPO Details
- Purple United Sales IPO Market Lot
- Purple United Sales IPO Dates
- About Purple United Sales
- Promoters of Purple United Sales
- Purple United Sales Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Purple United Sales IPO GMP (Grey Market Premium)
- Purple United Sales Subscription Status
- Purple United Sales Allotment Status
- IPO Registrar
- IPO Lead Managers
- Purple United Sales Contact
- FAQs
Purple United Sales IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Purple United Sales Limited |
| Industry | Retail and Consumer Goods |
| IPO Issue Type | Book Built Issue |
| Open Date | December 11, 2024 |
| Close Date | December 13, 2024 |
| Total Issue Size | Approx ₹32.81 Crores |
| Fresh Issue | Approx ₹32.81 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹121 to ₹126 Per Share |
| Listing on | NSE SME |
| Lot Size | 1000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Purple United Sales IPO Market Lot
Purple United Sales IPO has a minimum lot size of 1000 shares, with an amount of ₹126,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹126,000 |
| Retail Maximum | 1 | 1,000 | ₹126,000 |
| S-HNI Minimum | 2 | 2,000 | ₹252,000 |
Purple United Sales IPO Dates
Purple United Sales IPO opens on December 11, 2024, and closes on December 13, 2024. The allotment will be announced on December 16, 2024, and the IPO will be listed on December 18, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Refunds | December 17, 2024 |
| Credit to Demat Account | December 17, 2024 |
| IPO Listing Date | December 18, 2024 |
About Purple United Sales
Founded in 2014, Purple United Kids specializes in designing, sourcing, marketing, and selling premium-quality clothing, footwear, and accessories for children, including strollers. Renowned as a “premium fashion brand,” the company is committed to offering high-quality, lab-tested materials in its products.
Purple United Kids operates through an extensive network of mobile applications, websites, and leading e-commerce platforms such as Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJIO, and more. The company also boasts a portfolio of 17 exclusive brands, enhancing its reach and brand value.
Over the past three years, the company has witnessed significant growth, with revenue rising from ₹16.52 crores to ₹42.77 crores in FY 2024. Additionally, its net income increased from ₹1.77 crores in FY 2022 to ₹4.82 crores in FY 2024, reflecting its consistent financial performance.
Promoters of Purple United Sales
- MR. Jatinder Dev Seth
- MRS. Bhawana Seth
- Innovation Mobile
- Web Technologies Private Limited
- MR. Manish Dev Seth
- MRS. Monica Seth
Purple United Sales Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7,033.67 | 4,913.96 | 3,250.92 | 2,278.96 |
| Revenue | 3,052.04 | 4,291.59 | 2,571.1 | 1,656.19 |
| Profit After Tax | 329.28 | 481.54 | 149.22 | 177.16 |
| Net Worth | 2,368.62 | 1,733.64 | 1,036.58 | 617.59 |
| Reserves and Surplus | 1,668.04 | 1,070.34 | 428.5 | 63.77 |
| Total Borrowing | 3,366.66 | 2,562.8 | 1,187.42 | 1,105.76 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | 19.35% |
| EBITDA Margin | 23.08% |
| PAT Margin | 11.26% |
| Debt to equity ratio | 1.48 |
| Earning Per Share (EPS) | ₹7.26 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 27.78% |
| Net Asset Value (NAV) | ₹26.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| S.P. Apparels Limited | 35.72 | 24.45 | 11.74 | 304.32 | 1,087.36 Cr. |
| Monte Carlo Fashions Limited | 28.91 | 24.29 | 7.54 | 383.41 | 1,061.91 Cr. |
| Kewal Kiran Clothing Limited | 25.00 | 27.21 | 22.77 | 109.78 | 860.50 Cr. |
| Brainbees Solutions Limited | (6.20) | NA | (8.48) | 93.07 | 6,480.86 Cr. |
Objective of the Issue
- The funds will be utilized for opening new stores, meeting working capital requirements, and supporting general corporate purposes.
Purple United Sales IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Purple United Sales, please visit the IPO GMP page.
Purple United Sales Subscription Status
This IPO subscription kicks off on December 11, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Purple United Sales Allotment Status
To check the Purple United Sales IPO allotment status, visit the IPO registrar website Kfin Tech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 4067162222/18003094001
E-mail: pusl.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: 91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Purple United Sales Contact
PURPLE UNITED SALES LIMITED
Tower B, Ground Floor, Smartworks Corporate Park,
Plot 1 & 2, Amity Road, Sector 125, Noida, Uttar Pradesh
Phone: +91 9667792635 / 36
E-mail: cs@purpleunited.in
Website: www.purpleunited.in
FAQs
What is Purple United Sales’s IPO?
Purple United Sales’s IPO is an SME IPO through which the company plans to raise ₹32.81 crores. The issue is priced between ₹121 and ₹126 per equity share and will be listed on the NSE.
When will Purple United Sales’s IPO open for subscription?
The IPO will open on December 11, 2024, and close on December 13, 2024, for QIBs, NIIs, and retail investors.
What is the investor allocation for Purple United Sales’s IPO?
The investor allocation is divided into 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can you apply for Purple United Sales’s IPO?
You can apply for Purple United Sales’s IPO online via ASBA through your bank account or UPI through stockbrokers. Alternatively, you can apply offline by submitting a physical form through your stockbroker.
What is the issue size of Purple United Sales’s IPO?
The issue size of Purple United Sales’s IPO is ₹32.81 crores.
Note: Purple United Sales’s IPO price band and date have been officially announced. Purple United Sales IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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