Purple United Sales IPO Detail: Open Date, Close Date, GMP, Price Band

Purple United Sales IPO subscription opens on Wednesday, December 11, 2024, and closes on Friday, December 13, 2024. It is a book-built issue worth up to Rs 32.81 crores of equity shares. This upcoming IPO is an entirely fresh issue of up to 26.04 lakh equity shares.

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Purple United Sales IPO Price Band

Purple United Sales IPO price band is Rs 121 to Rs 126 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,26,000 (126 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (126 x 2000 shares).

Purple United Sales IPO GMP

Currently, Purple United Sales IPO GMP (grey market premium) is at Rs 20. It is expected that the listing price will be near at is Rs 146 which is 15.87% premium. However, if the subscription is oversubscribed, then Purple United Sales IPO GMP may go up.

Purple United Sales Allotment Status

Purple United Sales IPO Allotment status will be available on its registrar Kfin Technologies Limited website on Monday, December 16, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Purple United Sales Listing Date

Purple United Sales IPO listing date has been decided on Wednesday, December 18, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Purple United Sales IPO: Listing Date, Lot Size, Issue Size, Price Band

Purple United Sales IPO: About the Company

Purple United Sales Limited, established on September 16, 2014, is a prominent Indian fashion brand specializing in high-quality apparel, footwear, and accessories for children.

Headquartered in New Delhi, the company focuses on providing versatile and stylish clothing for kids aged newborn to 14 years. With a commitment to comfort and safety, its flagship line, "Purple United Kids," has gained popularity through a robust omni-channel distribution network, including 17 exclusive brand outlets and partnerships with major e-commerce platforms like Myntra and Amazon.

Purple United aims to celebrate childhood while ensuring premium quality and vibrant designs, positioning itself as a leader in the growing children's fashion market in India.

Purple United Sales IPO Objectives

Purple United Sales IPO objectives with the net fundings are as follows: to utilize the net proceeds for opening new stores, to meeting working capital requirements, and funding for general corporate purposes.

Purple United Sales IPO: Key Dates, Allotment, Listing Date

Purple United Sales IPO Subscription Details, IPO Reservation

Purple United Sales IPO subscription reservations are as follows: not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, not less than 35% of the net offer is reserved for the retail category and not less than 15% of the net offer is reserved for the HNI category.

Purple United Sales IPO Lot Size Details

Purple United Sales IPO lot size is set at 1000 shares per lot. The minimum funds required for retail investors to participate in this IPO is Rs 1,26,000 (126 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (126 x 2000 shares).

Purple United Sales IPO Promoter Holdings

Purple United Sales IPO promoters are MR. Jatinder Dev Seth, MRS. Bhawana Seth, Innovation Mobile, Web Technologies Private Limited, Manish Dev Seth and Monica Seth. The promoter's combined shareholdings before the IPO were 87.54%; however, post-IPO, their shareholdings will decline to 63.82%.

Purple United Sales Limited Company Financials (Amt in Lakhs)

Lead Manager and Registrar of Purple United Sales IPO

The IPO is managed by Expert Global Consultants Private Limited, which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

How to apply to the Purple United Sales IPO

Interested investors who wants to apply to the Purple United Sales IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

Purple United Sales IPO FAQs

1. What are the core details available of the Purple United Sales IPO?

Purple United Sales IPO is a book-built issue worth up to Rs 32.81 crores. This upcoming IPO is entirely a fresh issue of up to 26.04 lakh equity shares which would be worth up to Rs 32.81 crores.

2. What is the Purple United Sales IPO open date and close date?

Purple United Sales IPO subscription opens on Wednesday, December 11, 2024, and closes on Friday, December 13, 2024.

3. What is Purple United Sales IPO GMP?

Currently, Purple United Sales IPO GMP (grey market premium) is at Rs 20. It is expected that the listing price will be near at is Rs 146 which is 15.87% premium. However, if the subscription is oversubscribed, then Purple United Sales IPO GMP may go up.

4. How do you check the IPO Allotment status?

Purple United Sales IPO Allotment details are available on its registrar, Kfin Technologies Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for Purple United Sales IPO?

The IPO is managed by Expert Global Consultants Private Limited which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?