Purple United Sales is a premium fashion brand company that delivers high-quality apparel, footwear, and accessories for children up to 14 years age. The company is engaged in designing, developing, sourcing, marketing, and selling apparel and footwear products for infants, toddlers, and older kids. Its product offerings include t-shirts, shirts, jackets, clothing sets, rompers, partywears, denim, lowers, trousers, shoes, jeggings, sandals, caps, sling bags, socks, strollers, etc. It also sells its products on various e-commerce sites such as Myntra, Flipkart, Firstcry, Amazon, Hopscotch, Nykaa, etc. Additionally, the company sells products to distributors who further sell them to local and regional retail stores.
Purple United Sales IPO open date is December 11, 2024 and the IPO will close on December 13, 2024. Purple United Sales IPO is a Book Built Issue. Purple United Sales IPO price band is ₹121 to ₹126 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Purple United Sales IPO to list on NSE on December 18, 2024. The allotment of Purple United Sales IPO date is December 16, 2024.The company reported Profit of ₹4.82 crores in 2024 against Profit of ₹1.49 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Purple United Sales IPO Details
| IPO Open Date: | December 11, 2024 |
| IPO Close Date: | December 13, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹126 Per Share |
| Issue Size: | Approx ₹32.81 Crores |
| Fresh Issue: | Approx ₹32.81 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Purple United Sales IPO Timeline
The Purple United Sales IPO date is December 11 and the close date is December 13. The Purple United Sales IPO allotment will be finalized on December 16 and the IPO listing on December 18.
| IPO Open Date: | December 11, 2024 |
| IPO Close Date: | December 13, 2024 |
| Basis of Allotment: | December 16, 2024 |
| Refunds: | December 17, 2024 |
| Credit to Demat Account: | December 17, 2024 |
| IPO Listing Date: | December 18, 2024 |
Purple United Sales SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹121.00-126.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 2000 shares (2 lots)- ₹252000 |
Purple United Sales Limited: Financial Overview and Key Insights
Purple United Sales Limited’s revenue increased by 67% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,033.67 | 4,913.96 | 3,250.92 | 2,278.96 |
| Revenue | 3,052.04 | 4,291.59 | 2,571.1 | 1,656.19 |
| Profit After Tax | 329.28 | 481.54 | 149.22 | 177.16 |
| Net Worth | 2,368.62 | 1,733.64 | 1,036.58 | 617.59 |
| Reserves and Surplus | 1,668.04 | 1,070.34 | 428.5 | 63.77 |
| Total Borrowing | 3,366.66 | 2,562.8 | 1,187.42 | 1,105.76 |
