Comparison between Purple Wave Infocom IPO and Workmates Core2Cloud IPO.
Purple Wave Infocom IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Workmates Core2Cloud IPO is a SME Bookbuilding proposed to list at BSE SME.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Purple Wave Infocom IPO is up to ₹29.84 Cr whereas the issue size of the Workmates Core2Cloud IPO is up to ₹66.34 Cr. The final issue price of Purple Wave Infocom IPO is ₹126.00 per share and of Workmates Core2Cloud IPO is ₹204.00 per share.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹120.00 per share | ₹200.00 per share |
| Issue Price (Upper) | ₹126.00 per share | ₹204.00 per share |
| Issue Price (Final) | ₹126.00 per share | ₹204.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 23,68,000 shares | 27,37,200 shares |
| Fresh Issue Size (Amount) | up to ₹29.84 Cr | up to ₹55.84 Cr |
| OFS Issue Size | 0 shares | 5,14,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.50 Cr |
| Issue Size Total | 23,68,000 shares | 32,52,000 shares |
| Issue Size Total (Amount) | up to ₹29.84 Cr | up to ₹66.34 Cr |
Purple Wave Infocom IPO opens on Nov 28, 2025, while Workmates Core2Cloud IPO opens on Nov 11, 2025. The closing date of Purple Wave Infocom IPO and Workmates Core2Cloud IPO is Dec 02, 2025, and Nov 13, 2025, respectively.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Bid Date | Nov 27, 2025 | Nov 10, 2025 |
| Issue Open | Nov 28, 2025 | Nov 11, 2025 |
| Issue Close | Dec 02, 2025 | Nov 13, 2025 |
| Basis Of Allotment (Tentative) | Dec 03, 2025 | Nov 14, 2025 |
| Initiation of Refunds (Tentative) | Dec 04, 2025 | Nov 17, 2025 |
| Credit of Share (Tentative) | Dec 04, 2025 | Nov 17, 2025 |
| Listing date (Tentative) | Dec 05, 2025 | Nov 18, 2025 |
| Anchor Lockin End date 1 | Jan 03, 2026 | Dec 13, 2025 |
| Anchor Lockin End date 2 | Mar 04, 2026 | Feb 11, 2026 |
Purple Wave Infocom IPO P/E ratio is 9.33, as compared to Workmates Core2Cloud IPO P/E ratio of 14.66.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Purple Wave Infocom Ltd.'s revenue increased by 40% and profit after tax (PAT) rose by 68% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Workmates Core2Cloud Solution Ltd.'s revenue increased by 102% and profit after tax (PAT) rose by 160% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.52 | 98.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.92 | 72.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.33 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹116.50 Cr. | ₹263.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 71.54% | 67.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 42.80% | 64.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.85 | 0.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.50 | ₹13.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 52.69% | 60.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Purple Wave Infocom IPO Retail Individual Investors (RII) are offered 8,76,000 shares while in Workmates Core2Cloud IPO retail investors are offered 8,76,000 shares. Qualified Institutional Buyers (QIB) are offered 4,80,000 shares in Purple Wave Infocom IPO and 6,62,400 shares in Workmates Core2Cloud IPO.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | 6,34,000 shares | 9,60,000 shares |
| Market Maker Reservation | 1,28,000 shares | 1,71,600 shares |
| QIB | 4,80,000 shares | 6,62,400 shares |
| NII | 3,78,000 shares | 4,89,600 shares |
| RII | 8,76,000 shares | 11,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 23,68,000 shares | 32,52,000 shares |
Purple Wave Infocom IPO subscribed 6.88x in total, whereas Workmates Core2Cloud IPO subscribed 141.38x.
| Purple Wave Infocom IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| QIB (times) | 11.85x | 147.03x |
| NII (times) | 7.69x | 202.96x |
| Big NII (times) | 8.87x | 244.88x |
| Small NII (times) | 5.32x | 119.11x |
| RII (times) | 3.80x | 111.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.88x | 141.38x |
