IPO - Check IPO Date, Price, Lot Size

Purple United Sales Ltd IPO

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.

Purple United Sales Ltd IPO Details

Total Shares Offered

₹ 26,04,000

Offer to Public

TBA

Retail Max (Shares)

₹ 8,66,000

Pre Issue Promoters Holding

₹ 61,33,000

Exchange

NSE

Issue size

₹ 32.81 Cr

IPO Open Date

Dec 11, 2024

Close Date

Dec 13, 2024

Lot Size

1000

Min Investment

₹ 1,21,000

Issue Type

Book Building - SME

Listing Date

Dec 18, 2024

Purple United Sales Ltd IPO Dates

Dec 11, 2024

Opening date

Dec 13, 2024

Closing date

Dec 16, 2024

Basis of Allotment

Dec 17, 2024

Initiation of Refunds

Dec 17, 2024

Credit of Shares

Dec 18, 2024

Listing date

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	34.56x	1236000	42720000
NII	270.05x	371000	100188000
Retail	155.29x	866000	134484000
Employee	0x	0	0
Total	106.53x	2604000	277392000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

34.56x

270.05x

155.29x

106.53x

1236000

371000

866000

2604000

42720000

100188000

134484000

277392000

Purple United Sales Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	15.89	6.60	2.36
EBITDA	17.70	8.16	2.63
PAT	10.47	4.23	1.49
Total Assets	110.59	43.17	27.39
Share Capital	9.61	6.63	6.08
Total Borrowings	61.39	20.66	9.87
Operating Activities (Net Cash)	12.28	5.79	1.76
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	61.39	20.66	9.87
Net Cashflow	0.79	0.60	0.21

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.

Peer Comparison:

S P Apparels Ltd
Iris Clothings Ltd
Karnika Industries Ltd

Purple United Sales Ltd 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.

How To Apply for Purple United Sales Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Purple United Sales Ltd IPO?

Purple United Sales Ltd's IPO offers shares for up to 32.81 It begins on Dec 11, 2024 and ends on Dec 13, 2024.

What is the price of the Purple United Sales Ltd IPO?

The price of Purple United Sales Ltd IPO ranges between ₹121 to ₹126 per share.

What are the open and close dates for the Purple United Sales Ltd IPO?

The Purple United Sales Ltd IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.

When will the Purple United Sales Ltd IPO be allotted?

The allotment for the Purple United Sales Ltd IPO will be finalised on Dec 16, 2024. The shares will be listed on BSE and NSE on Dec 18, 2024.

What is the minimum lot size required for Purple United Sales Ltd IPO?

The minimum lot size for Purple United Sales Ltd IPO is 1000 shares, priced between ₹121 to ₹126 per share.

What is the GMP of Purple United Sales Ltd IPO?

The GMP (Grey Market Premium) of Purple United Sales Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Purple United Sales Ltd IPO?

To check the allotment status of Purple United Sales Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Purple United Sales Ltd IPO getting listed?

The Purple United Sales Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 11, 2024, and closes on Dec 13, 2024. The allotment is finalised on Dec 16, 2024.

How do you apply for the Purple United Sales Ltd IPO?

To apply for the Purple United Sales Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.