Purple United Sales IPO Subscribed over 17.93x on its Second day of subscription

Purple United Sales IPO Subscribed over 17.93x on its Second day of subscription wherein QIB subscribed 3.51x, NII subscribed 12.40x, and RII subscribed 28.51x.

Purple United Sales IPO subscription started on Wednesday, December 11, and will close on December 13 as per the schedule. The price band is set at ₹121 to ₹126 per share with a face value of ₹10.

Purple United Sales IPO Subscription Status

Purple United Sales IPO Subscribed over 17.93x on its Second day till 05.00 PM on 12th December.

Purple United Sales IPO subscription QIB investors portion is 3.51x times, while NII subscribed 12.40x times and RII investors subscribed 28.51x times.
The company received bids for 3,10,30,000 shares against 17,32,000 shares on offer on the second day.
Purple United Sales IPO Subscribed over 17.93x on day 2.
Purple United Sales IPO Subscribed over 7.58x on day 1.

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, SecondCry, 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 Company Financial Report

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.

Purple United Sales IPO GMP:

Purple United Sales IPO GMP was ₹55 as of Thursday, December 12th. That indicates the IPO is trading at ₹181 with ₹55 premium in the grey market against the issue price of ₹126.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.