Purple United Sales IPO
GMP, Subscription, Price, Dates & Financial Details
Purple United Sales Limited, founded in 2014, focuses on high-quality, versatile apparel, footwear, and accessories for children. By 2015, the company had established distribution channels in the Apparel & Bags category, and in 2017, it signed licensing agreements with Disney and Mattel for…
Open Date
Wed, 11 Dec 2024
Close Date
Fri, 13 Dec 2024
Price Band
₹ 121 – 126
Lot Size
1000
Issue Size
₹ 32.81 Cr
Minimum Investment
₹ 252,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Purple United Sales IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹32.81 Crore, comprising a fresh issue of 26.04 Lakh equity shares aggregating to ₹32.81 Crore.
The Purple United Sales IPO remained open for subscription from December 11, 2024, to December 13, 2024. The basis of allotment was finalized on December 16, 2024, and the company's shares were listed on NSE SME Platform on December 18, 2024.
The company had fixed the price band at ₹121 to ₹126 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹252,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Expert Global Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Purple United Sales Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Purple United Sales IPO Timeline (Tentative)
- IPO Open Date
- Wed, 11 Dec 24
- IPO Close Date
- Fri, 13 Dec 24
- Basis of Allotment
- Mon, 16 Dec 24
- Initiation of Refunds
- Tue, 17 Dec 24
- Credit of Shares to Demat
- Tue, 17 Dec 24
- Listing Date
- Wed, 18 Dec 24 — NSE & BSE
Open Date
11 December 2024
Close Date
13 December 2024
Basis Of Allotment
16 December 2024
Listing Date
18 December 2024
IPO Subscription
Check Live Subscription →The Purple United Sales IPO has received bids for 27,73,92,000 shares against 17,32,000 shares offered, resulting in an overall subscription of 160.16x. the NII category is subscribed 270.05x, Retail Investors 155.29x, and QIBs 86.3x.
QIB
86.3x
NII
270.05x
RII
155.29x
Total
160.16x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,66,000 shares, representing 33.26% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,95,000 shares (19.01%), while Non-Institutional Investors (NIIs) receive 3,71,000 shares (14.25%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 741,000 | 28.46% |
| Market Maker | 131,000 | 5.03% |
| Qualified Institutions | 495,000 | 19.01% |
| Non-Institutional | 371,000 | 14.25% |
| Retail Investors | 866,000 | 33.26% |
| Total | 2,604,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7033.67 | 4913.96 | 3250.92 | 2278.96 |
| Revenue | 3052.04 | 4219.59 | 2571.1 | 1656.19 |
| Profit After Tax | 329.28 | 481.54 | 149.22 | 177.16 |
| Net Worth | 2368.62 | 1733.64 | 1036.58 | 617.59 |
| Reserve & Surplus | 1668.04 | 1070.34 | 428.5 | 63.77 |
| Total Borrowings | 3366.66 | 2562.8 | 1187.42 | 1105.76 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Purple United Sales Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROCE % | 19.35 |
| Debt / Equity | 1.48 |
| RoNW % | 27.78 |
| PbW | 4.82 |
| Pat Margin % | 11.26 |
Peers Comparison
No Peer Comparision Available
About Purple United Sales Limited
Purple United Sales Limited, founded in 2014, focuses on high-quality, versatile apparel, footwear, and accessories for children. By 2015, the company had established distribution channels in the Apparel & Bags category, and in 2017, it signed licensing agreements with Disney and Mattel for kids' footwear. It expanded its operations by launching an e-commerce business and forming partnerships with key accounts like Reliance and V-Retail. Retail stores under the "Purple United Kids" brand were launched starting in 2019, with expansion continuing into 2023.
The company specializes in products for children aged 0 to 14 years, including a wide range of apparel, footwear, and accessories. Its ethos emphasizes comfort, safety, and sustainability, with lab-tested, premium-quality products in vibrant designs. Purple United operates through a pan-India omni-channel network, including 17 exclusive brand outlets (EBOs), shop-in-shops, and major online platforms like Myntra, Amazon, and Flipkart.
The company’s product portfolio includes approximately 650 styles in 2024, covering garments and footwear across different age categories. It offers a wide price range, ensuring an attractive value proposition for consumers. The company focuses on innovation, quality, and the 3Fs—Fun, Fashion, and Functionality—in its designs.
Purple United has strong management, led by founder Mr. Jatinder Dev Seth, with more than 25 years of experience in the apparel and footwear industry. The company has shown strong financial growth, with net sales increasing significantly over the past three years, positioning it well for further expansion.
Purple United Sales IPO Promoters
- MR. Jatinder Dev Seth
- MRS. Bhawana Seth
- Innovation Mobile
- Web Technologies Private Limited
- Manish Dev Seth
- Monica Seth
Promoters Holding
Holding Pre Issue
87.54%
Holding Post Issue
63.82%
Purple United Sales IPO Objective
The Company intend to utilize the Net Proceeds of the Issue to meet the following objects:
- Expenditure for opening new stores
- Working capital requirements;
- General corporate purposes
Purple United Sales Limited Address / Contact Details
Purple United Sales Limited
Khasra No. 55/14 & 55/15,
Near Rani Khera Road,
Mundka, West Delhi,110041
Phone: +91 9667792635
Email: jdseth@purpleuni
Website: https://purpleunited.in/
IPO Snapshot
Purple United Sales IPO Lot Size
The Purple United Sales IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,26,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,26,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 126,000.00 |
| Retail (Max) | 1 | 1,000 | 126,000.00 |
| S-HNI (Min) | 2 | 2,000 | 252,000.00 |
Issue Reservation
- Anchor Investors — 28.46%
- Market Maker — 5.03%
- QIB — 19.01%
- NII — 14.25%
- RII — 33.26%
Book Running Lead Managers
- Expert Global Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Purple United Sales IPO?
Purple United Sales IPO is a Book-building IPO with a total issue size of ₹32.81 crore. The Purple United Sales IPO price band is ₹121 to 126 per share. The Purple United Sales IPO subscription opens on Wed, Dec 11, 2024, and closes on Fri, Dec 13, 2024. The Purple United Sales IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Purple United Sales IPO.
When will the Purple United Sales IPO open for subscription?
The Purple United Sales IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
What is Purple United Sales IPO Price Band?
Purple United Sales IPO Price Band is ₹121 to 126 per share.
What is Purple United Sales IPO Lot Size?
Purple United Sales IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
What is the minimum investment for Purple United Sales IPO?
The minimum investment for Purple United Sales IPO is ₹252000, based on one lot of 1000 shares at the upper price band of ₹126 per share.
How to apply for Purple United Sales IPO?
Investors can apply for the Purple United Sales IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 13, 2024. The application amount remains blocked until the Purple United Sales IPO allotment is finalized.
What is Purple United Sales IPO Issue Size?
Purple United Sales IPO issue size is ₹32.81 crores.
What is the Purple United Sales IPO Allotment Date?
Purple United Sales IPO allotment date is Mon, Dec 16, 2024.
Who is the Purple United Sales IPO Registrar?
The registrar for Purple United Sales IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Purple United Sales IPO allotment status, refund processing, and other IPO-related information.
What is the Purple United Sales IPO GMP?
The Purple United Sales IPO GMP (Grey Market Premium) is ₹80 as of Wed, Dec 18, 2024. Based on the upper price band of ₹126 per share, the estimated Purple United Sales IPO listing price is ₹206, indicating a potential listing gain of approximately 63.49% over the issue price.
Who is the Purple United Sales IPO Lead Manager?
The book-running lead managers (BRLMs) for the Purple United Sales IPO are Expert Global Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Purple United Sales IPO Red Herring Prospectus (RHP).