Purple United Sales IPO subscribed overall 160.08 times on the last day, while A retail quota was subscribed 155.29 times, QIB was subscribed 86.3 times, and NII quota subscribed by 269.7 times respectively.
Details About Purple United Sales IPO
Purple United Sales got approval from SEBI for an IPO of ₹32.81 crores to raise funds and maintain financial stability. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹121 to ₹126 per share. In this IPO total of 1,000 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1000 shares in 1 lot size as well, while S-HNI (Min) total of 2000 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹126,000 and maximum investment of ₹126,000.
- Small HNI (S-HNI): Minimum investment of ₹252,000.
Subscription duration of Purple United Sales IPO
The Purple United Sales IPO subscription opening date was 11 December and the close date was 13 December. The Purple United Sales IPO allotment was finalized on December 16 and the IPO listing is on December 18.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Expenditure for opening new stores
- Working capital requirements;
- General corporate purposes
About Purple United Sales IPO
Purple United Kids was founded in 2014, and a shop for kids’ clothing and footwear opened. This company designs sources, markets, and sells clothing footwear, and other variety of products and accessories such as strollers for children. Owing to providing premium quality materials in clothing and lab-tested products it’s known as a “premium fashion brand”. Furthermore, it has a wide range of networks of businesses through varied mobile applications, websites, and major e-commerce platforms such as Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJIO, and many more. Moreover, it also has a total of 17 exclusive brands. It is noticeable, that the revenue of the last 3 years increased from INR 16.52 Crores to INR 42.77 crores in FY 2024. Moreover, net income was also INR 1.77 crores in 2022, while it increased around INR 4.82 crores in FY 2024 respectively.
Purple United Sales IPO Financial Background
The company reported revenue of ₹42.20 crore in 2024 against ₹25.71 crore in 2023. The company reported Profit of ₹4.82 crores in 2024 against Profit of ₹1.49 crores in 2023.
