Purple United Sales IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
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Purple United Sales IPO is set to launch on December 11, 2024, and will remain open for subscription until December 13, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹32.81 crores, comprising a fresh issue of ₹32.81 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO has been set between ₹121 and ₹126 per share, with listing expected on the NSE SME platform on December 18, 2024.
Purple United Sales IPO Highlights
- IPO Open Date: December 11, 2024
- IPO Close Date: December 13, 2024
- Face Value: ₹10 per equity share
- Price Band: ₹121 to ₹126 per share
- Issue Size: ₹32.81 crores
- Retail Quota: 35%
- QIB Quota: 50%
- HNI Quota: 15%
Purple United Sales IPO Market Lot
The minimum market lot is 1,000 shares, requiring a minimum application amount of ₹126,000.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹126,000 |
| Retail Maximum | 1 | 1,000 | ₹126,000 |
| S-HNI Minimum | 2 | 2,000 | ₹252,000 |
Purple United Sales IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Allotment Finalization | December 16, 2024 |
| Refunds Issued | December 17, 2024 |
| Shares Credited | December 17, 2024 |
| Listing Date | December 18, 2024 |
Company Overview
Founded in 2014, Purple United Sales Limited began as a retailer for children’s clothing and footwear. Over the years, it has diversified to include a wide range of premium-quality products, including clothing, footwear, strollers, and accessories for children.
The company operates through both exclusive offline stores and popular e-commerce platforms like Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, and AJIO. Its portfolio includes 17 exclusive brands, with a reputation for offering lab-tested, premium-quality materials.
Revenue Growth:
The company’s revenue has seen significant growth, from ₹16.52 crores in FY 2022 to ₹42.77 crores in FY 2024, with net income increasing from ₹1.77 crores to ₹4.82 crores in the same period.
Purple United Sales Financial Performance
| Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Net Profit (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹16.56 | ₹15.39 | ₹1.77 | ₹22.79 |
| 2023 | ₹25.71 | ₹23.62 | ₹1.49 | ₹32.51 |
| 2024 | ₹42.20 | ₹36.95 | ₹4.82 | ₹49.14 |
Valuation Metrics – FY 2024
| Metric | Value |
|---|---|
| Return on Capital Employed (ROCE) | 19.35% |
| EBITDA Margin | 23.08% |
| PAT Margin | 11.26% |
| Debt-to-Equity Ratio | 1.48 |
| Earnings Per Share (EPS) | ₹7.26 |
| Return on Net Worth (RoNW) | 27.78% |
| Net Asset Value (NAV) | ₹26.14 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV (₹) | Revenue (₹ Crores) |
|---|---|---|---|---|---|
| S.P. Apparels Limited | 35.72 | 24.45 | 11.74 | 304.32 | 1,087.36 |
| Monte Carlo Fashions Limited | 28.91 | 24.29 | 7.54 | 383.41 | 1,061.91 |
| Kewal Kiran Clothing Limited | 25.00 | 27.21 | 22.77 | 109.78 | 860.50 |
| Brainbees Solutions Limited | (6.20) | NA | (8.48) | 93.07 | 6,480.86 |
Objects of the Issue
- Opening new stores.
- Working capital requirements.
- General corporate purposes.
Purple United Sales IPO: A Long-Term Investment Opportunity
With robust financial performance, steady revenue growth, and a diversified product portfolio, Purple United Sales Limited presents a promising long-term investment opportunity for IPO investors. Its focus on quality, innovation, and expansion into new markets ensures a bright future for the company and its stakeholders.
For more updates and allotment status, visit the Purple United Sales IPO Registrar:
- Registrar Name: KFin Technologies Limited
- Website: Purple United IPO Status
