Purple Wave Infocom IPO

Purple Wave Infocom Ltd. is launching a Book-Build SME IPO of Rs. 31.45 crore, consisting of a fresh issue of 24,96,000 shares.

The IPO opens on November 28, 2025 and closes on December 2, 2025. Allotment will be finalized on December 3 and the shares will list on BSE SME on December 5, 2025.

The price band is Rs. 120 to Rs. 126 per share.
Lot size is 1,000 shares.
As per Chanakya SME rule (lot value < Rs. 2.50 lakh), minimum retail application is 2 lots = 2,000 shares = Rs. 2,52,000.
HNI minimum = 3 lots (Rs. 3,78,000).

Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
Market Maker: Shreni Shares Ltd.

🕗 Last Update: 24 November 2025, 6.00 AM

GMP | Reviews | Subscription | Allotment

IPO Key Dates

Event	Date
IPO Open Date	November 28, 2025
IPO Close Date	December 2, 2025
Allotment Date	December 3, 2025
Refunds Initiation	December 4, 2025
Credit to Demat	December 4, 2025
Listing Date	December 5, 2025
UPI Mandate Cut-off	5 PM on December 2, 2025

IPO Details

Particulars	Details
Face Value	Rs. 10 per share
Issue Price Band	Rs. 120 to Rs. 126
Lot Size	1,000 shares (Minimum 2 lots for Retail)
Sale Type	Fresh Issue
Total Issue Size	24,96,000 shares (Rs. 31.45 Cr)
Market Maker Portion	1,28,000 shares (Rs. 1.61 Cr) – Shreni Shares Ltd.
Net Offer to Public	23,68,000 shares (Rs. 29.84 Cr)
Issue Type	Book-Build Issue
Listing At	BSE SME
Shareholding Pre-Issue	67,50,000 shares
Shareholding Post-Issue	92,46,000 shares

Reservation

Investor Category	Shares Offered	% of Issue
Market Maker	1,28,000	5.13%
QIB	11,14,000	44.63%
NII (HNI)	3,78,000	15.14%
Retail	8,76,000	35.10%
Total	24,96,000	100%

Anchor Investors

Particular	Details
Anchor Bid Date	November 27, 2025
Anchor Shares	6,34,000
Anchor Portion	Rs. 7.99 Cr
Lock-in (50%)	January 2, 2026
Lock-in (remaining)	March 3, 2026

Application Details

Application	Lots	Shares	Amount (Rs.)
Retail (Min / Max)	2	2,000	2,52,000
S-HNI (Min)	3	3,000	3,78,000
S-HNI (Max)	7	7,000	8,82,000
B-HNI (Min)	8	8,000	10,08,000

Promoter Holding

Particulars	Percentage
Promoter Holding Pre-Issue	98.52%
Promoter Holding Post-Issue	(Will update post dilution)

Promoters: Mr. Manoj Kumar Singh, Mrs. Sandhya Singh & Ms. Ananya Singh

About Purple Wave Infocom Ltd.

Incorporated in 2007, Purple Wave Infocom Ltd. provides end-to-end digital Professional AV (PRO AV) and automation solutions, including system design, integration, and on-site support.

Key offerings include:
• Direct sales of PRO AV products
• Cloud-based content management platform
• Streampurple – in-house live streaming & content platform
• AMC & value-added after-sales services
• Manufacturing of AV products: LED displays, cameras, speakerphones, digital podiums, kiosks, speakers, amplifiers, etc.

The company serves corporates, institutions, government departments, and international clients.
Permanent employees: 86 (as of September 30, 2025)

Competitive Strengths

• Large PRO-AV product portfolio
• Strong client relationships
• Promoter expertise of 15+ years
• Nationwide presence
• Integrated services (sales + cloud + AMC)

Financial Snapshot (Rs. crore)

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	71.05	53.48	31.59	26.70
Total Income	35.91	126.15	90.04	70.44
PAT	3.58	9.12	5.44	0.66
EBITDA	5.24	13.94	8.31	2.00
Net Worth	20.88	17.30	8.18	2.75
Reserves & Surplus	14.13	10.55	6.68	1.25
Borrowings	14.91	14.73	11.03	6.90

Key Performance Indicators

KPI	Value
ROE	71.54%
ROCE	42.80%
Debt/Equity	0.85
RoNW	52.69%
PAT Margin	7.23%
EBITDA Margin	11.06%
P/BV	10.39
Market Cap	Rs. 116.50 Cr
Pre-Issue EPS	Rs. 13.50
Post-Issue EPS	Rs. 15.48

Objects of the Issue

S.No.	Purpose	Amount (Rs. Million)
1	Purchase of office space + product display area	129.10
2	Repayment / prepayment of borrowings	100.00
3	General Corporate Purposes	—

Company Contact

Purple Wave Infocom Ltd.
Plot No. 1 & 2, Pocket A-2, 2nd Floor, MNG Tower, Dwarka Sector 17, New Delhi – 110078
📞 9289102671
✉ investors@purplewave.in
🌐 https://www.purplewave.in/

Lead Manager

Smart Horizon Capital Advisors Pvt. Ltd.

Registrar

Maashitla Securities Pvt. Ltd.
📞 +91-11-45121795-96
✉ investor.ipo@maashitla.com
🌐 https://maashitla.com/allotment-status/public-issues

Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst

Purple Wave Infocom is a fast-expanding PRO-AV and digital automation solutions provider with a strong product mix and recurring AMC revenue. FY25 revenue grew 40% and PAT surged 68%, reflecting solid business momentum. Return ratios (ROE 71%, RoNW 52%) are among the strongest in the SME category.

The company has high borrowing, but the issue aims to strengthen the balance sheet and fund expansion of a new office + display center.

Chanakya View: Strong growth visibility, diversified AV portfolio and high return metrics make this IPO attractive for medium-term investors. Listing gains possible depending on SME sentiment.

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