SME · NSESubscribed: 160.16×GMP ₹80
Purple United Sales Limited

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

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

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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

Total Issue26,04,000 shares₹32.81 Cr
Fresh Issue26,04,000 shares₹32.81 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue70,05,800
Post-Issue96,09,800

Dilution: 37.2% increase in shares

Purple United Sales Limited IPO Financials Health

Purple United Sales Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum110001,26,000
Retail Maximum110001,26,000
HNI Minimum220002,52,000

(All values in CR)

Purple United Sales Limited IPO Valuation

MetricValue
Debt/Equity1.48
EPS Post IPO5.01
EPS Pre IPO6.87
P/BV4.82
P/E Post IPO25.15
P/E Pre IPO18.33
PAT Margin (%)11.26
ROCE19.35%
RoNW27.78%

(All values in CR)

Strength & Risk of Purple United Sales Limited IPO

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.007,41,0007,41,0009.34
HNI270.053,71,00010,01,88,0001
Market Maker1.001,31,0001,31,0001.65
QIB86.304,95,0004,27,20,000538.27
Retail155.298,66,00013,44,84,0001
Total160.1617,32,00027,73,92,0003

Purple United Sales Limited IPO GMP

00.0%

Last updated 03 Dec, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
03 Dec, 2024126₹0--₹126 (0.00%)-03 Dec, 2024
04 Dec, 2024126₹0--₹126 (0.00%)-04 Dec, 2024
05 Dec, 2024126₹2015200₹146 (15.87%)-05 Dec, 2024
06 Dec, 2024126₹2015200₹146 (15.87%)-06 Dec, 2024
07 Dec, 2024126₹2015200₹146 (15.87%)-07 Dec, 2024
09 Dec, 2024126₹2015200₹146 (15.87%)-09 Dec, 2024
10 Dec, 2024126₹5441000₹180 (42.86%)-10 Dec, 2024
11 Dec, 2024126₹5038000₹176 (39.68%)-11 Dec, 2024
12 Dec, 2024126₹5038000₹176 (39.68%)-12 Dec, 2024
13 Dec, 2024126₹5038000₹176 (39.68%)-13 Dec, 2024
14 Dec, 2024126₹5541800₹181 (43.65%)-14 Dec, 2024
16 Dec, 2024126₹7254700₹198 (57.14%)-16 Dec, 2024
17 Dec, 2024126₹8060800₹206 (63.49%)-17 Dec, 2024
18 Dec, 2024126₹8060800₹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

1

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2

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).

3

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Provide your UPI ID linked to your bank account and submit the application.

4

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5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.