Purple United Sales Limited

11 Dec 2024 - 13 Dec 2024 Individual Category SME NSE

Min Investment

₹242000

Price Band

₹121-₹126

Issue Size

18.63 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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11 Dec 2024

Open Date

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13 Dec 2024

Close Date

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16 Dec 2024

Allotment Date

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18 Dec 2024

Listing Date

Purple United Sales IPO issue size is of 18.63 lakh equity shares. This IPO is offering entirely a fresh issue equity share. The price band is decided at Rs 121 to Rs 126 per share. Purple United Sales IPO 1 lot consists of 1000 shares. The minimum investment for the retail category is to be around Rs 1,26,000. The allotment status will be released on Monday, December 16, 2024 at 10:00 am. The listing will be on the NSE SME platform on Wednesday, December 18, 2024. Purple United Sales IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can visit on Kfin Technologies Limited website and, select the name of the company and enter PAN number or application ID to know their allotment status.

Know Before Investing

Strengths icon

  • Purple United Sales IPO: Omnichannel presence through retail stores
  • shop-in-shop formats
  • and e-commerce.
  • Strong growth and experienced leadership driving success in the industry.
  • Wide product range with high-quality materials and scalable growth in underserved regions.

Weaknesses icon

  • Purple United Sales IPO: Market concentration in specific regions limits geographic reach.
  • Faces competition from established and unorganized players.
  • Sensitive to economic shifts and regulatory changes affecting operations.

About Purple United Sales Limited

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.

Founded

2014

Managing Director

Jatinder Dev Seth

Parent Organization

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.

Company Promoters

Jatinder Dev Seth

Bhawana Seth

Innovation Mobile

Web Technologies Private Limited

Manish Dev Seth

Monica Seth

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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UPI Mandate Request

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IPO Allotment

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