Purple United Sales Ltd IPO
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Purple United Sales Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 26.04 L | TBA | ₹ 8.66 L | ₹ 61.33 L | NSE | ₹ 32.81 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 11 Dec, 24 | 13 Dec, 24 | 1000 | ₹ 1,21,000 | Book Building - SME | 18 Dec, 24 |
Purple United Sales Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1.4x | 1236000 | 1736000 |
| NII | 12.75x | 371000 | 4730000 |
| Retail | 28.35x | 866000 | 24549000 |
| Employee | 0x | 0 | 0 |
| Total | 11.91x | 2604000 | 31015000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Purple United Sales Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.52 | 2.36 | 1.36 |
| EBITDA | 9.08 | 2.63 | 1.54 |
| PAT | 4.82 | 1.49 | 1.77 |
| Total Assets | 43.17 | 27.39 | 21.63 |
| Share Capital | 6.63 | 6.08 | 5.54 |
| Total Borrowings | 20.66 | 9.87 | 6.41 |
| Operating Activities (Net Cash) | 6.38 | 1.76 | 1.95 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 20.66 | 9.87 | 6.41 |
| Net Cashflow | 0.60 | 0.21 | 0.17 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Purple United Sales Ltd
Our Company was originally incorporated as `Purple United Sales Private Limited' under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated September 16, 2014 bearing Registration Number 271636 issued by Registrar of Companies, Delhi. Subsequently our Company was converted into a Public Limited Company vide Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on May 11, 2024 and consequently the name of the Company was changed from `Purple United Sales Private Limited' to `Purple United Sales Limited' vide fresh Certificate of Incorporation consequent upon conversion into public limited company dated June 20, 2024 by Registrar of Companies, Delhi bearing Corporate Identity Number U51909DL2014PLC271636.
India is a leading garment-manufacturing country globally, known for its fine craftsmanship across the textile value chain, from fiber, yarn, and fabric to apparel with high international appeal. Indian textiles such as cotton, silk, and denim are highly popular abroad, and Indian apparel has found success in global fashion centers. India is one of the largest consumers and producers of cotton, with the highest acreage of 12.5 million hectares, accounting for 38% of the global area under cotton cultivation. The Indian textile and apparel industry is highly diversified, encompassing traditional handloom, handicrafts, wool, and silk products, as well as a well-organized textile sector. This industry significantly contributes to the economy and is the second-largest employer after agriculture, providing direct employment to 45 million people and indirectly supporting 100 million in allied sectors. The top textile and clothing manufacturing states in India include Andhra Pradesh, Telangana, Haryana, Jharkhand, and Gujarat.
We are exclusively catering kids wear in India with focus on mindful product categorization for kids of all age and segment. Our brand ethos revolves around celebrating childhood, emphasizing comfort, safety, and sustainability. Our trendy line of lab-tested products, designed to be gentle on delicate skin, sets us apart.
Peer Comparison:
- S P Apparels Ltd
- Iris Clothings Ltd
- Karnika Industries Ltd
Purple United Sales Ltd IPO Key Points
Strengths
- Experienced Promoters having deep domain knowledge to scale up the business.
- Diversified Clientele.
- Management team having established track records.
- Established track record of successfully opening retail stores.
- Efficient business model with track record of delivering financial growth.
Risk
- The company's business from retail outlet is concentrated in the National Capital Region (NCR) only. As of September 30, 2024, revenue from National Capital Region (NCR) constitute Rs. 506.63 Lakhs i.e. 16.61% of its revenue for September 30, 2024. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- The company proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company's business requires significant working capital, necessitating substantial financing. If the company is 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 its financial performance, operations, and the market price of the company Equity Shares.
Strategy
- Continued focus on kid's apparel, footwear and accessories in India and on increasing market share.
- Expand our presence across India and grow sales of our products at existing points of sale.
- Capitalize on the increasing e-commerce penetration in Indian Retail as well as within our category.
- Increase market share by capitalizing on the strength of our brand.
- Experienced Promoters having deep domain knowledge to scale up the business.
- Diversified Clientele.
- Management team having established track records.
- Established track record of successfully opening retail stores.
- Efficient business model with track record of delivering financial growth.
How To Apply for Purple United Sales Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.