Purple United Sales IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
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