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Purple United listing Review
On 18th December 2024, the scrip is listed at Rs. 199, marginally below the expectations of the grey market players. However, the company has given bumper returns to its IPO-investors.
Purple United IPO allotment Link
GMP Rs. 80
Subscription status of Emerald Tyre IPO
Purple United Sales IPO (Closed) Price Rs. 126 Lot 1000 shares, Rs. 32.81 Crore |
||||
QIB | NII x | RII x | Total x | Applications |
86.30 | 269.70 | 155.29 | 160.08 | 1,42,578 |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
What is the business of Purple United?
Purple United IPO Details |
|
IPO opens on | 11 December 2024 |
IPO closes on | 13 December 2024 |
Issue Type | Book Built Issue IPO |
Issue Size | 2604000 Shares / Rs 32.81 Crore |
* Fresh Issue | 2604000 Shares / Rs 32.81 Crore |
* Offer for Sale – | – shares / Rs. – crore |
Market Maker Portion | 131000 Shares |
Net offer to Public | 2473000 Shares/ Rs.31.16 Crore |
Face Value per share | Rs. 10 |
Price Band | Rs. 121-126 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 100 Shares |
Listing will at | NSE SME |
Shares offered in IPO |
||
Shares | Rs. (Crore) | |
QIB (50%) | 1236500 | 15.58 |
NII (15%) | 370950 | 4.67 |
RII (35%) | 865550 | 10.91 |
Total Shares | 2473000 | 31.16 |
Retail portion will be oversubscribed by |
866 | |
Forms | ||
How much Shares to Apply in this IPO? | ||
Min Retail Application | 1000 Shares | Rs.126000 |
Min HNI Application | 2000 Shares | Rs.252000 |
Who are the Promoters of Purple United?
Jatinder Dev Seth, MRS. Bhawana Seth, Innovation Mobile, Web Technologies Private Limited, Manish Dev Seth and Monica Seth are the Promoters of the Company.
What are the Objects of Purple United IPO?
The Offer comprises of fresh issue of shares.
The Company intend to utilize the Net Proceeds of the Issue to meet the following objects:
- Expenditure for opening new stores
- Working capital requirements;
- General corporate purposes
Tentative timetable |
|
IPO opens on | 11 December 2024 |
IPO Closes on | 13 December 2024 |
IPO Allotment on | 16 December 2024 |
Refund Initiation | 17 December 2024 |
Credit of Shares | 17 December 2024 |
Listing on | 18 December 2024 |
Registered Office of the Company Purple United Sales Limited Khasra No. 55/14 & 55/15, Near Rani Khera Road, Mundka, West Delhi, New Delhi, Delhi, India, 11004 |
Who is the Lead Manager of this IPO? Expert Global Consultants Pvt Ltd |
Who is the Registrar to IPO? |
Purple United IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Purple United IPO Financial & Analytical Ratios |
||||
Year | Total Income |
Net Profit |
EPS | RoNW |
Rs.in Crore | Rs.in Crore | Rs. | % | |
2021-22 | 16.56 | 1.77 | – | |
2022-23 | 25.71 | 1.49 | – | |
2023-24 | 42.92 | 4.82 | 6.87 | 27.78 |
Book Value of the Share on 31.03.2024 |
Rs | 26.14 | ||
BV of the Share at cap price after IPO |
Rs. | |||
Offer Price/upper band | Rs. | 126 |
Key Performance
|
|
Price/EPS of 23-24 | 18.34 |
Price/BV Ratio | 4.82 |
Debt/Equity Ratio | – |
How Purple United IPO compares with the Peers?
As on date of RHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Crore | |||
Purple United | 10 | 428 | 18.34 |
S.P. Apparels | 10 | 10873 | 24.45 |
Iris Clothing | 10 | 1219 | 44.02 |
Karnika Industries | 10 | 1273 | 36.44 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Purple United IPO Review
+ from fundamental angle: May Apply
+ from grey market angle: ?
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