Purple United Sales IPO Details
The Purple United Sales IPO is a book build issue with a total issue size of ₹32.81 cr, comprising of fresh issue of 2604000 equity shares. Purple United Sales IPO opened for subscription on Dec 11, 2024 and closed on Dec 13, 2024. Purple United Sales IPO is set price band at ₹121 to ₹126 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 16, 2024, and listed on the NSE on Dec 18, 2024.
Kfin Technologies Limited has been appointed as the registrar. Expert Global Consultants Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Purple United Sales IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 121 – 126
- Lot Size
- 1000
- Issue Size
- ₹32.81 Cr
- Minimum Investment
- ₹252000 (2000 Shares)
- Listing Date
- 18 December 2024
Current GMP
₹80 (+63.49%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
Address / Contact Info
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
Book Running Lead Managers
- Expert Global Consultants Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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.
The Purple United Sales IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
Purple United Sales IPO Price Band is ₹121 to 126 per share.
Purple United Sales IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
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.
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.
Purple United Sales IPO issue size is ₹32.81 crores.
Purple United Sales IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.