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The Purple United Sales IPO is a book-built issue aiming to raise ₹32.81 crores through a fresh issue of 26.04 lakh shares. This IPO offers an excellent opportunity for investors to participate in the company’s growth journey. The subscription for the IPO opened on December 11, 2024, and will close on December 13, 2024. The allotment of shares is expected to be finalized on December 16, 2024 (Monday), and investors can check the Purple United Sales IPO allotment status on BSE or through the registrar, KFin Technologies Limited. The IPO is scheduled to list on NSE SME on December 18, 2024 (Wednesday).
The price band for the Purple United Sales IPO is fixed at ₹121 to ₹126 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of ₹126,000. For HNI investors, the minimum application is 2 lots (2,000 shares), amounting to ₹252,000. Investors are advised to monitor the Purple United Sales IPO grey market premium (IPO GMP) and related IPO grey market news to assess market sentiment, as GMP trends are a key indicator of potential listing gains.
To stay informed, investors can track the Purple United Sales IPO subscription status, which reflects participation from retail, HNI, and QIB categories. Additionally, the IPO is being highlighted among SME IPO listings on platforms like IPO watch GMP, where daily updates on pricing and subscription are available. This IPO represents a significant opportunity in the SME segment.
The Purple United Sales IPO is managed by Expert Global Consultants Private Limited as the Book Running Lead Manager. KFin Technologies Limited is the registrar for the issue, while Prabhat Financial Services is the market maker. Overall, this IPO is an exciting opportunity for investors to be part of the company's growth trajectory in the SME space.
| Details | Information |
|---|---|
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹126 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,604,000 shares (aggregating up to ₹32.81 Cr) |
| Fresh Issue | 2,604,000 shares (aggregating up to ₹32.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre Issue | 7,005,800 |
| Shareholding Post Issue | 9,609,800 |
| Market Maker Portion | 131,000 shares |
| Company Name | Prabhat Financial Services |
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹126,000 |
| Retail (Max) | 1 | 1,000 | ₹126,000 |
| HNI (Min) | 2 | 2,000 | ₹252,000 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 7,41,000 (28.46%) |
| Market Maker Shares Offered | 1,31,000 (5.03%) |
| QIB 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%) |
| 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 |
| Revenue | 3,052.04 | 4,291.59 | 2,571.10 | 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 | 428.50 | 63.77 |
| Total Borrowing | 3,366.66 | 2,562.80 | 1,187.42 | 1,105.76 |
The Purple United Sales IPO represents a compelling opportunity for investors to participate in a promising venture in the SME segment. With a total issue size of ₹32.81 crores and a fresh issuance of 26.04 lakh shares, this IPO has garnered significant interest from retail and institutional investors alike. The IPO opened for subscription on December 11, 2024, and will close on December 13, 2024, providing ample time for interested investors to secure their participation. With the price band set at ₹121 to ₹126 per share, and the minimum lot size for retail investors at 1,000 shares (₹126,000), the IPO offers an accessible entry point for retail participants while also catering to High Net Worth Individuals (HNI) with a minimum investment requirement of 2 lots (2,000 shares) at ₹252,000.
Investors are encouraged to monitor the Purple United Sales IPO allotment status closely, which is expected to be finalized on December 16, 2024. The allotment can be checked via BSE or through the registrar, KFin Technologies Limited. The IPO will be listed on the NSE SME platform, with the tentative listing date set for December 18, 2024, marking an important milestone for the company and its shareholders.
The Purple United Sales IPO grey market premium (GMP) has been an area of focus for early investors, as it provides insights into market sentiment and potential listing gains. Monitoring the IPO grey market news and GMP trends will help investors make informed decisions. Additionally, tracking the Purple United Sales IPO subscription status across retail, HNI, and QIB categories is vital for understanding the overall demand and investor enthusiasm for this IPO.
As one of the highlighted SME IPO listings, the Purple United Sales IPO has gained visibility on platforms like IPO Watch GMP, which provides daily updates on subscription trends and pricing. This IPO not only serves as a strategic move for the company to raise capital for growth but also offers investors a chance to be part of its expansion journey. The process of an Initial Public Offering (IPO) is significant as it marks the company’s transition to a publicly traded entity, allowing retail and institutional investors to invest in its vision and future.
Managed by Expert Global Consultants Private Limited as the Book Running Lead Manager, and supported by KFin Technologies Limited as the registrar and Prabhat Financial Services as the market maker, the Purple United Sales IPO is poised for a successful launch and listing. Investors should remain vigilant for updates on the allotment and listing while leveraging resources like GMP and subscription insights to navigate this investment opportunity effectively. With its strong fundamentals and market interest, the Purple United Sales IPO is an attractive proposition for those looking to invest in the burgeoning SME sector.
