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Purple United Sales IPO is a book build issue of ₹32.81 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹32.81 crore.
Purple United Sales IPO bidding started from Dec 11, 2024 and ended on Dec 13, 2024. The allotment for Purple United Sales IPO was finalized on Dec 16, 2024. The shares got listed on NSE SME on Dec 18, 2024.
Purple United Sales IPO price band is set at ₹126.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,52,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Prabhat Financial Services Ltd..
Refer to Purple United Sales IPO RHP for detailed Information.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹126 per share |
| Issue Price Final | ₹126 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,04,000 shares (aggregating up to ₹32.81 Cr) |
| Reserved for Market Maker | 1,31,000 shares Prabhat Financial Services Ltd. (aggregating up to ₹1.65 Cr) |
| Net Offered to Public | 24,73,000 shares (aggregating up to ₹31.16 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,05,800 shares |
| Share Holding Post Issue | 96,09,800 shares |
Purple United Sales IPO offers total 26,04,000 shares. Out of which 12,36,000 (47.47%) allocated to QIB, 4,95,000 (19.01%) allocated to QIB, 3,71,000 (14.25%) allocated to NII, 8,66,000 (33.26%) allocated to RII and 7,41,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,31,000 (5.03%) |
| QIB Shares Offered | 12,36,000 (47.47%) |
| − Anchor Investor Shares Offered | 7,41,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 4,95,000 (19.01%) |
| NII (HNI) Shares Offered | 3,71,000 (14.25%) |
| Retail Shares Offered | 8,66,000 (33.26%) |
| Total Shares Offered | 26,04,000 (100.00%) |
Purple United Sales IPO raises ₹9.34 crore from anchor investors. Purple United Sales IPO Anchor bid date is December 10, 2024. Purple United Sales IPO Anchor Investors list
| Bid Date | December 10, 2024 |
| Shares Offered | 7,41,000 |
| Anchor Portion Size (In Cr.) | 9.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 15, 2025 |
Purple United Sales IPO opens on December 11, 2024, and closes on December 13, 2024.
| IPO Open Date | Wed, Dec 11, 2024 |
| IPO Close Date | Fri, Dec 13, 2024 |
| Tentative Allotment | Mon, Dec 16, 2024 |
| Initiation of Refunds | Tue, Dec 17, 2024 |
| Credit of Shares to Demat | Tue, Dec 17, 2024 |
| Tentative Listing Date | Wed, Dec 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 13, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,26,000 |
| Retail (Max) | 1 | 1,000 | ₹1,26,000 |
| HNI (Min) | 2 | 2,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, Purple United is a fashion brand that offers clothing, shoes, and accessories for children of all ages.
The company's flagship line, "Purple United Kids", accompanies children up to the age of 14 and offers laboratory-tested products made of high-quality materials in bright colours and designs for every occasion. The company designs, develops, sources, markets and distributes clothing and footwear for infants (0 to 1 year), toddlers (2 to 6 years) and older children (7 to 14 years). The company offers a wide range of accessories and hardware, such as strollers.
The company operates mainly in India, with 17 exclusive stores (called EBOs) in 5 states and 10 cities in India and 20 shop-in-shop locations in popular retail chains. Purple United Kids products are also available online through their website, mobile app, and big e-commerce platforms like Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJJIO, and more. Additionally, the company works with 44 retailers across the country.
The company's product range includes t-shirts, shirts, jackets, sweaters, apparel sets, dungarees, rompers, party wear, dresses, denim, trousers, jeggings, skirts, shoes, ballerinas, mules, moulds, flipflops, sandals, caps, tote bags, socks and strollers among others.
As of June 30, 2024, the company had 161 employees, all of whom were employed on a full-time basis.
Its competitive strengths:
Purple United Sales Limited's revenue increased by 67% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
| Total Income | 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 | ||||
The market capitalization of Purple United Sales IPO is ₹121.08 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 19.35% |
| Debt/Equity | 1.48 |
| RoNW | 27.78% |
| PAT Margin | 11.26% |
| Price to Book Value | 4.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.87 | 6.85 |
| P/E (x) | 18.33 | 18.39 |
The Company intend to utilize the Net Proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is engaged in the marketing of premium brand children fashion wears. While it marked a setback in its bottom line for FY23, it posted boosted top and bottom lines from FY24 onwards. Based on FY25 annualized super earnings, the issue appears fully price. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | December 18, 2024 |
| BSE Script Code | |
| NSE Symbol | PURPLEUTED |
| ISIN | INE0P5R01014 |
| Final Issue Price | ₹126 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹126.00 |
| Open | ₹199.00 |
| Low | ₹189.05 |
| High | ₹208.95 |
| Last Trade | ₹208.95 |
Purple United Sales Ltd.
Khasra No. 55/14 & 55/15,
Near Rani Khera Road,
Mundka, West Delhi,
Delhi, New Delhi, 110041
Phone: +91 9667792635
Email: jdseth@purpleuni
Website: https://purpleunited.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pusl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Purple United Sales IPO is a SME IPO of 26,04,000 equity shares of the face value of ₹10 aggregating up to ₹32.81 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 1000.
The IPO opens on December 11, 2024, and closes on December 13, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Purple United Sales IPO using UPI as a payment gateway. Zerodha customers can apply in Purple United Sales IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Purple United Sales IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Purple United Sales IPO opens on December 11, 2024 and closes on December 13, 2024.
Purple United Sales IPO lot size is 1000, and the minimum amount required for application is ₹1,26,000.
You can apply in Purple United Sales IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Purple United Sales IPO will be done on Monday, December 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 17, 2024. Check the Purple United Sales IPO allotment status.
The Purple United Sales IPO listing date is on Wednesday, December 18, 2024.
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