
Purple United Sales Limited
Purple United Sales Limited(PURPLEUTED)
Total Shares
26,04,000
Issue Size
₹32.81 Cr
Price Band
₹121 – ₹126
Lot Size
1000 shares
Min. Investment
₹1,26,000
Max. Investment
₹1,26,000
Open Date
11 Dec, 2024
Close Date
13 Dec, 2024
Allotment
16 Dec, 2024
Listing
18 Dec, 2024
Max. Investment
₹1,26,000
Announced
11 Dec, 2024
Opening Date
11 Dec, 2024
Closing Date
13 Dec, 2024
Basis of Allotment
16 Dec, 2024
Initiation of Refunds
17 Dec, 2024
Credit of Shares
17 Dec, 2024
Listing Date
18 Dec, 2024
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Purple United Sales Limited IPO
Incorporated in 2014 Purple United is a fashion brand that offers high-quality, versatile apparel, footwear 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), toddl
Purple United Sales Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 37.2% increase in shares
Purple United Sales Limited IPO Financials Health
Purple United Sales Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,26,000 |
| Retail Maximum | 1 | 1000 | ₹1,26,000 |
| HNI Minimum | 2 | 2000 | ₹2,52,000 |
(All values in CR)
Purple United Sales Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.48 |
| EPS Post IPO | 5.01 |
| EPS Pre IPO | 6.87 |
| P/BV | 4.82 |
| P/E Post IPO | 25.15 |
| P/E Pre IPO | 18.33 |
| PAT Margin (%) | 11.26 |
| ROCE | 19.35% |
| RoNW | 27.78% |
(All values in CR)
Strength & Risk of Purple United Sales Limited IPO
1. Experienced Promoters having deep domain knowledge to scale up the business.
2. Diversified Clientele.
3. Management team having established track records.
4. Established track record of successfully opening retail stores.
5. Efficient business model with track record of delivering financial growth.
6. Focus on design-led product innovation.
1. Our business from retail outlet is concentrated in the National Capital Region (NCR) only. As of March 31, 2024, revenue from National Capital Region (NCR) constitute Rs.920.21 Lakhs i.e. 12.25% of our revenue for March 31, 2024. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.
2. Our proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.
3. Our business requires significant working capital, necessitating substantial financing. If we are unable to secure additional debt or equity financing on favourable terms, it may lead to increased interest costs, restrictive covenants, or equity dilution, adversely impacting our financial performance, operations, and the market price of our Equity Shares.
4. There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing or returns and deposit of statutory dues with the taxation and other statutory authorities.
5. Our Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance /lapses may attract certain penalties.
6. Our Company requires significant amounts of working capital for a continued growth. Our inability to meet our working capital requirements may have an adverse effect on our results of operations.
7. We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the ¤bjects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.
8. Our Directors and Promoters are not involved and may in the future, be involved in certain legal proceedings, which, if determined adversely, may adversely affect our business and financial condition.
9. We are dependent upon the experience and skill of our management team (including promoters) and a number of KMPs and senior management personnel. If we are unable to attract or retain such qualified personnel, this could adversely affect our business, results of operations and financial condition.
10. We operate in an extremely competitive industry and failure to successfully compete could result in loss of one or more of our significant customers and may adversely affect our business.
Purple United Sales Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 7,41,000 | 7,41,000 | 9.34 |
| HNI | 270.05 | 3,71,000 | 10,01,88,000 | 1 |
| Market Maker | 1.00 | 1,31,000 | 1,31,000 | 1.65 |
| QIB | 86.30 | 4,95,000 | 4,27,20,000 | 538.27 |
| Retail | 155.29 | 8,66,000 | 13,44,84,000 | 1 |
| Total | 160.16 | 17,32,000 | 27,73,92,000 | 3 |
Purple United Sales Limited IPO GMP
Last updated 03 Dec, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 03 Dec, 2024 | 126 | ₹0 | -- | ₹126 (0.00%) | - | 03 Dec, 2024 |
| 04 Dec, 2024 | 126 | ₹0▼ | -- | ₹126 (0.00%) | - | 04 Dec, 2024 |
| 05 Dec, 2024 | 126 | ₹20 | 15200 | ₹146 (15.87%) | - | 05 Dec, 2024 |
| 06 Dec, 2024 | 126 | ₹20 | 15200 | ₹146 (15.87%) | - | 06 Dec, 2024 |
| 07 Dec, 2024 | 126 | ₹20 | 15200 | ₹146 (15.87%) | - | 07 Dec, 2024 |
| 09 Dec, 2024 | 126 | ₹20▼ | 15200 | ₹146 (15.87%) | - | 09 Dec, 2024 |
| 10 Dec, 2024 | 126 | ₹54▲ | 41000 | ₹180 (42.86%) | - | 10 Dec, 2024 |
| 11 Dec, 2024 | 126 | ₹50 | 38000 | ₹176 (39.68%) | - | 11 Dec, 2024 |
| 12 Dec, 2024 | 126 | ₹50 | 38000 | ₹176 (39.68%) | - | 12 Dec, 2024 |
| 13 Dec, 2024 | 126 | ₹50▼ | 38000 | ₹176 (39.68%) | - | 13 Dec, 2024 |
| 14 Dec, 2024 | 126 | ₹55▼ | 41800 | ₹181 (43.65%) | - | 14 Dec, 2024 |
| 16 Dec, 2024 | 126 | ₹72▼ | 54700 | ₹198 (57.14%) | - | 16 Dec, 2024 |
| 17 Dec, 2024 | 126 | ₹80 | 60800 | ₹206 (63.49%) | - | 17 Dec, 2024 |
| 18 Dec, 2024 | 126 | ₹80 | 60800 | ₹206 (63.49%) | - | 18 Dec, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Purple United Sales Limited IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Purple United Sales Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.