Purple United Sales Limited IPO
NSE SMEListed On: Dec 18, 2024 at ₹ 199.0
₹ 252000 /2000 Shares
*Min Investment
11 Dec, 2024
Open Date13 Dec, 2024
Close Date16 Dec, 2024
Allotment Date18 Dec, 2024
Listing DatePurple United Sales IPO Issue Details
- Issue Price ₹121-126 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 26,04,000 shares(aggregating up to ₹32.81 crore)
- Fresh Share 26,04,000 shares(aggregating up to ₹32.81 crore)
- Listing at NSE SME
- List Price 199.0
- Listing Date 2024-12-18
- Lead Manager Expert Global Consultants Private Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,26,000 |
| Retail(max) | 1 | 1000 | ₹1,26,000 |
| NII (min) | 2 | 2000 | ₹2,52,000 |
Purple United Sales IPO Reservation
Purple United Sales IPO offers total 26,04,000 shares. Out of which 4,95,000 (19.01%) allocated to QIB, 3,71,000 (14.25%) allocated to NII,8,66,000 (33.26%) allocated to RII, NA (NA%) allocated to employees and 7,41,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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%) |
Purple United Sales IPO Documents
Purple United Sales IPO Details
Purple United Sales Limited IPO is an SME IPO, priced at ₹121-126 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 26,04,000 equity shares, aggregating up to ₹32.81 crores..
The IPO bidding window is open from Dec 11, 2024 to Dec 13, 2024. The allotment is expected to be finalized on Dec 16, 2024, and the tentative listing date is Dec 18, 2024.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,26,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,000.
Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Prabhat Financial Services Ltd. will act as the market maker for this issue.
Purple United Sales IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 495,000 / 371,000 | 866,000 | 1,732,000 |
Day 1 11-12-24 06:00 PM | 3.50 / 4.37 x | 11.28 x | 7.58 x |
Day 2 12-12-24 06:00 PM | 3.51 / 12.41 x | 28.77 x | 18.04 x |
Day 3 13-12-24 06:00 PM | 86.30 / 270.05 x | 155.29 x | 160.16 x |
Purple United Sales Valuations
Purple United Sales Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 4,913.96 | 3,250.92 | 2,278.96 |
| Revenue | 4,219.59 | 2,571.10 | 1,656.19 |
| Profit After Tax | 481.54 | 149.22 | 177.16 |
| Net Worth | 1,733.64 | 1,036.58 | 617.59 |
| Reserves & Surplus | 1,070.34 | 428.5 | 63.77 |
| Total Borrowing | 2,562.8 | 1,187.42 | 1,105.76 |
About Purple United Sales Company
Purple United, which was added in 2014, sells children's clothing and shoes, as well as accessories, on its website for kids of every age.
The company flagship line, Purple United Kids, accompanies the child up to the age of 14. It offers products made of high-quality materials which are laboratory tested, in bright colors and designs for every occasion. The company designs, develops, sources, markets, and distributes clothing and footwear for infants (0-1 year), toddlers (2-6 years), and older children (7-14 years). The company offers a large variety of accessories and hardware, for example, strollers.
The company mainly operates in India. It has 17 exclusive stores, called EBOs, located in 5 states and 10 cities in India and 20 shop-in-shop locations in popular retail chains. Purple United Kids also sells their products online through the website, mobile app, and big e-commerce platforms such as Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJJIO, and many more. Besides that, the company also collaborates with 44 retailers all over the country.
Its products are t-shirts, shirts, jackets, sweaters, sets of apparel, dungarees, rompers, party wear, dresses, denim, trousers, jeggings, skirts, shoes, ballerinas, mules, molds, flipflops, sandals, caps, tote bags, socks, and strollers among others.
The company had 161 employees as at June 30, 2024, and all its employees were working on a full-time basis.
Purple United Sales - Promoter(s)
MR. Jatinder Dev Seth, MRS. Bhawana Seth, Innovation Mobile, Web Technologies Private Limited, Manish Dev Seth and Monica Seth
Pre Issue Share Holding : 87.54%
Post Issue Share Holding : 63.82%
Purple United Sales IPO - Issue Objectives
Expenditure for opening new stores
Working capital requirements
General corporate purposes
Purple United Sales IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Purple United Sales Limited | 7.84 | 7.84 | 26.14 | N/A | 27.78 | 4.85 | N/A |
| S.p. Apparels Ltd | 35.72 | 35.72 | 304.32 | 24.45 | 11.74 | 1.91 | N/A |
| Iris Clothings Limited | 1.5 | 1.5 | 8.48 | 44.02 | 17.67 | 13.51 | N/A |
| Karnika Industries Limited | 8.15 | 8.15 | 42.83 | 36.44 | 19.03 | N/A | N/A |
Notes:
- Current Market Price is taken as closing on July 31, 2024.
- The P/E Ratio has been calculated by dividing the Current Market Price as of July 31, 2024, by the EPS as of March 31, 2024.
Contact Details
Purple United Sales
Khasra No. 55/14 & 55/15, Near Rani Khera Road, Mundka, West Delhi, New Delhi, Delhi, India, 11004
+91 9667792635
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Purple United Sales IPO - FAQs
Ans. Purple United Sales Limited IPO is a SME IPO. The issue is priced at ₹121-126 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Dec 11, 2024, and closes on Dec 13, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Purple United Sales Limited IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Purple United Sales Limited IPO is 2,604,000 shares(aggregating up to ₹32.81 Cr).
Ans. The Purple United Sales Limited IPO price band is set between ₹121-126 per equity share.
Ans. To apply for Purple United Sales Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Purple United Sales Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Purple United Sales Limited IPO is Dec 16, 2024.
Ans. The Purple United Sales Limited IPO will be listed on Dec 18, 2024.
Ans. Follow the steps to check the Purple United Sales Limited IPO allotment status online.
