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purple united ipo gmp

Purple United IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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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

What was the last grey market premium of Purple United IPO?

 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?

Founded in 2014, Purple United is a fashion brand specializing in clothing, shoes, and accessories for children of all ages.

Its flagship line, Purple United Kids, caters to children up to 14 years old, offering high-quality, laboratory-tested products in vibrant colors and designs for all occasions. The brand’s offerings include a diverse range of clothing and footwear for infants (0-1 years), toddlers (2-6 years), and older children (7-14 years), along with accessories and essential items such as strollers.

Primarily operating in India, Purple United has 17 exclusive stores (EBOs) across five states and 10 cities. Additionally, it has 20 shop-in-shop locations in well-known retail chains. Its products are also available online through its website, mobile app, and leading e-commerce platforms like Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJJIO, and more. The company collaborates with 44 retail partners across the country.

Purple United’s product lineup includes t-shirts, shirts, jackets, sweaters, apparel sets, dungarees, rompers, party wear, dresses, denim, trousers, jeggings, skirts, shoes, ballerinas, mules, flip-flops, sandals, caps, tote bags, socks, strollers, and more.

As of June 30, 2024, the company employed 161 full-time staff members.

Get more information about the company @ https://purpleunited.in/

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:

  1. Expenditure for opening new stores
  2. Working capital requirements;
  3. 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?
Kfin Technologies ltd

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
indicators

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: ?

Quicklinks

Purple United IPO GMP today allotment, review?

Purple United IPO GMP grey market premium

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