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.
| Purple Wave SME IPO – D3 Size Rs.31.45 Crore (Closed 2 Dec. 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 11.85 | 7.69 | 3.80 | 6.88 | 2079 |
| Subscription Review: |
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🕗 Last Update: 5 December 2025, 6.00 AM
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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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