Purple United Sales Limited IPO will open for subscription on December 11 and close on December 13. The company plans to raise Rs 32.81 crore through this public offer. Here are 10 things to know about Purple United Sales Limited IPO before subscribing to this issue.

1) About Purple United Sales Limited

Purple United is a fashion brand that offers clothing, footwear,, and accessories for kids of all ages. The company primarily operates in 10 cities across 5 states in India. Purple United Kids products are also available online through several major e-commerce platforms. The company's product range includes t-shirts, shirts, jackets, sweaters, dungarees, rompers, party wear, dresses, denim, trousers, jeggings, skirts, shoes, ballerinas, sandals, caps, tote bags, socks, etc.
 

2) Purple United Sales IPO GMP

According to market analysts, the Purple United Sales IPO GMP in the unlisted market is Rs 20, which represents a 15.8% premium over the issue price. This is the highest GMP so far.

3) Purple United Sales IPO Issue Size

This is the book-built issue of Rs 32.81 crore. This is a completely fresh issue of 26.04 lakh shares. Jatinder Dev Seth, Bhavana Seth, Innovation Mobile, Web Technologies Pvt Ltd, Manish Dev Seth,, and Monica Seth are the promoters of the company.
 

4) Purple United Sales IPO Price Band

The price band of Purple United Sales IPO is Rs 121-126 per share. The minimum lot size with one application is 1000 shares. The minimum investment amount for retail investors is Rs 1 lakh 26 thousand.
 

5) Purple United Sales IPO: Issue Structure

Talking about the structure of the issue, 50 percent is reserved for the r the QIB category, 35 percent for the retail category, and 15 percent for the NII category.

6) Purple United Sales Financial Performance

Purple United Sales Limited's revenue grew by 67% and profit after tax (PAT) grew by 223% between the financial year ending March 31, 2024 and March 31, 2023. The company's revenue in FY24 was Rs 42.19 crore and profit after tax was Rs 4.81 crore.

7) What are the objectives of Purple United Sales IPO?

The Company will use the net proceeds from this issue to open new stores, meet working capital requirements, and for general corporate purposes.

 

8) Purple United Sales IPO Book-Running Lead Manager

Expert Global Consultants Pvt. Ltd. is the Book Running Lead Manager for Purple United Sales IPO.

9) Purple United Sales IPO Registrar

KKevinn Technologies Limited is the registrar of the issue.

10) Purple United Sales IPO Key Date

Share allotment for the IPO is likely to be finalized on December 16 and the company is expected to be listed on the stock exchanges on December 18.