Purple United Sales IPO Details: The Purple United Sales IPO will open on December 11, 2024, and close on December 13, 2024. This Book Built Issue aims to raise approximately ₹32.81 crores, consisting of a fresh issue of ₹32.81 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the Purple United Sales IPO is set between ₹121 and ₹126 per share. The allocation will be divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the NSE on December 18, 2024, with the allotment date scheduled for December 16, 2024.
In terms of financial performance, the company reported revenue of ₹42.20 crores for the year 2024, up from ₹25.71 crores in 2023. Its profit also grew significantly, reaching ₹4.82 crores in 2024 compared to ₹1.49 crores the previous year. Given the strong financials, the IPO appears to be a promising opportunity for long-term investors.
Purple United Sales IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
Purple United Sales IPO Date & Price Band Details:
| IPO Open Date: | December 11, 2024 |
| IPO Close Date: | December 13, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹126 Per Share |
| Issue Size: | Approx ₹32.81 Crores |
| Fresh Issue: | Approx ₹32.81 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Purple United Sales IPO Lot Size:
The minimum market lot for the Purple United Sales IPO is 1,000 shares, requiring an application 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 Timeline:
The Purple United Sales IPO will open on December 11 and close on December 13. The allotment will be finalized on December 16, with the IPO listing scheduled for December 18.
| 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 |
Purple United Sales IPO GMP Today:
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Promoters of Purple United Sales IPO
The promoters of Purple United Sales are Mr. Jatinder Dev Seth, Mrs. Bhawana Seth, Innovation Mobile Web Technologies Private Limited, Mr. Manish Dev Seth, and Ms. Monica Seth.
About Purple United Sales IPO
Founded in 2014, Purple United Kids opened its first store for children’s clothing and footwear. The company designs, sources, markets, and sells a wide range of products, including clothing, footwear, and accessories like strollers. Known for offering premium-quality materials and lab-tested products, it has established itself as a “premium fashion brand.”
Purple United Kids has expanded its reach through various mobile applications, websites, and major e-commerce platforms, including Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, and AJIO, among others. The company also manages a portfolio of 17 exclusive brands. Over the past three years, its revenue has grown from ₹16.52 crores to ₹42.77 crores in FY 2024. In terms of profitability, the net income increased from ₹1.77 crores in 2022 to ₹4.82 crores in FY 2024.
Purple United Sales IPO Company Financial Report
The company reported revenue of ₹42.20 crores in 2024 against ₹25.71 crore in 2023. The company reported Profit of ₹4.82 crores in 2024 against Profit of ₹1.49 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹16.56 | ₹15.39 | ₹1.77 | ₹22.79 |
| 2023 | ₹25.71 | ₹23.62 | ₹1.49 | ₹32.51 |
| 2024 | ₹42.20 | ₹36.95 | ₹4.82 | ₹49.14 |
Purple United Sales IPO Valuation – FY2024
Check Purple United Sales IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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. |
Purple United Sales IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: pusl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
Purple United Sales Limited
Khasra No. 55/14 & 55/15,
Near Rani Khera Road,
Mundka, West Delhi, New Delhi, Delhi, India, 11004
Phone: +91 9667792635
Email: mailto:jdseth@purpleuni
Website: https://purpleunited.in/
Purple United Sales IPO FAQs
What is the Purple United Sales IPO?
The Purple United Sales IPO is an SME IPO, through which the company aims to raise ₹32.81 crores. The issue is priced between ₹121 and ₹126 per equity share, and it will be listed on the NSE.
When will the Purple United Sales IPO open for subscription?
The IPO will open for subscription on December 11, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The issue will close on December 13, 2024.
What is the investor portion for the Purple United Sales IPO?
The allocation for the IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail investors.
How to apply for the Purple United Sales IPO?
You can apply for the Purple United Sales IPO online via ASBA through your bank account. Alternatively, you can apply using UPI through your stockbroker or submit an offline application via your stockbroker.
What is the issue size of the Purple United Sales IPO?
The total issue size of the Purple United Sales IPO is ₹32.81 crores.
What is the price band for the Purple United Sales IPO?
The price band for the Purple United Sales IPO is ₹121 to ₹126 per share.
What is the lot size for the Purple United Sales IPO?
The minimum bid for the IPO is 1,000 shares, with an application amount of ₹126,000.
What is the allotment date for the Purple United Sales IPO?
The allotment date for the Purple United Sales IPO is December 16, 2024.
What is the listing date for the Purple United Sales IPO?
The Purple United Sales IPO is set to list on the NSE on December 18, 2024.
