Purple United Sales Limited IPO Details
SME
Purple United Sales IPO opens for subscription on 11 Dec 2024 and closes on 13 Dec 2024. The IPO will be listed on NSE with the tentative listing date set for 18 Dec 2024.
Purple United Sales IPO price band has been fixed at ₹121 – ₹126 per share.The face value is ₹10 per share with a lot size of 1000.
Purple United Sales IPO total issue size comprises 26,04,000 shares (aggregating up to ₹32.81 Cr). This includes a fresh issue of 26,04,000 shares (aggregating up to ₹32.81 Cr). Pre-issue shareholding stands at 70,05,800, which will increase to 96,09,800 post-issue.
Purple United Sales IPO carries a ₹80 (63.5%) GMP, reflecting investor sentiment.
Purple United Sales IPO Lot Size : Retain Minimum is 1 lot (1,000 shares) amounting to ₹126,000. Retain Maximum is 1 lot (1,000 shares) amounting to ₹126,000. SHNI Minimum is 2 lots (2,000 shares) amounting to ₹252,000.
The Lead Managers for Purple United Sales IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Expert Global Consultants Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Prabhat Financial Services. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Purple United Sales Limited RHP.
Purple United Sales IPO Details
Purple United Sales IPO Subscription
Purple United Sales IPO Application Wise Breakup
Purple United Sales IPO Dates
- 11 Dec 2024Opening dateOPD
- 13 Dec 2024Closing dateCOD
- 16 Dec 2024Allotment Date BOA
- 17 Dec 2024Initiation of RefundsIOR
- 17 Dec 2024Credit of SharesCOS
- 18 Dec 2024Listing dateLID
Purple United Sales IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹126,000 |
| Retain Maximum | 1 | 1000 | ₹126,000 |
| SHNI Minimum | 2 | 2000 | ₹252,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Purple United Sales IPO Reservation
Promoter Holding
Purple United Sales IPO Valuations
Purple United Sales Financial Information
Purple United Sales Limited's revenue increased by 64.12% and profit after tax (PAT) rose by 222.7% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,913.96 | 3,250.92 | 2,278.96 |
| Revenue | 4,219.59 | 2,571.10 | 1,656.19 |
| Profit After Tax | 481.54 | 149.22 | 177.16 |
| Net Worth | 1,733.64 | 1,036.58 | 617.59 |
| Reserves and Surplus | 1,070.34 | 428.50 | 63.77 |
| Total Borrowing | 2,562.80 | 1,187.42 | 1,105.76 |
| Amount in ₹ Lakhs | |||
About Purple United Sales IPO
Incorporated in 2014 Purple United is a fashion brand that offers high-quality, versatile apparel, footwear and accessories for children of all ages.
The company's flagship line, "Purple United Kids"," accompanies children up to the age of 14 and offers laboratory-tested products made of high-quality materials in bright colours and designs for every occasion. The company designs, develops, sources, markets and distributes clothing and footwear for infants (0 to 1 year), toddlers (2 to 6 years) and older children (7 to 14 years). The company offers a wide range of accessories and hardware, such as strollers.
The company caters exclusively to the Indian market. Its extensive distribution network includes 17 exclusive retail outlets (EBOs), multiple shop-in-shops and a robust online presence through its website, mobile app and major e-commerce platforms such as Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJJIO and others.
The company's product range includes t-shirts, shirts, jackets, sweaters, apparel sets, dungarees, rompers, party wear, dresses, denim, trousers, jeggings, skirts, shoes, ballerinas, mules, moulds, flipflops, sandals, caps, tote bags, socks and strollers among others.
As of July 20, 2024, the company has 17 EBOs under the brand name "Purple United Kids" in 5 states and 10 cities in India, 20 shop-in-shops in key accounts and 44 retailers across India. As of June 30, 2024, the company had 161 employees, all of whom were employed on a full-time basis.
Its competitive strengths:
- Well positioned to capitalise on the fast growing children's products market2.
- Extensive product portfolio with quality products that offer a solid value proposition
- Strong backend with design capabilities, strong focus on the 3Fs (fun, fashion and functionality) and control over distribution channels.
- Experienced promoter and management team
- Strong financial performance
Strength Of Purple United Sales IPO
1. Experienced Promoters having deep domain knowledge to scale up the business.
2. Diversified Clientele.
3. Management team having established track records.
4. Established track record of successfully opening retail stores.
5. Efficient business model with track record of delivering financial growth.
6. Focus on design-led product innovation.
Risk Of Purple United Sales IPO
1. Our business from retail outlet is concentrated in the National Capital Region (NCR) only. As of March 31, 2024, revenue from National Capital Region (NCR) constitute Rs.920.21 Lakhs i.e. 12.25% of our revenue for March 31, 2024. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.
2. Our proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.
3. Our business requires significant working capital, necessitating substantial financing. If we are unable to secure additional debt or equity financing on favourable terms, it may lead to increased interest costs, restrictive covenants, or equity dilution, adversely impacting our financial performance, operations, and the market price of our Equity Shares.
4. There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing or returns and deposit of statutory dues with the taxation and other statutory authorities.
5. Our Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance /lapses may attract certain penalties.
6. Our Company requires significant amounts of working capital for a continued growth. Our inability to meet our working capital requirements may have an adverse effect on our results of operations.
7. We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the ¤bjects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.
8. Our Directors and Promoters are not involved and may in the future, be involved in certain legal proceedings, which, if determined adversely, may adversely affect our business and financial condition.
9. We are dependent upon the experience and skill of our management team (including promoters) and a number of KMPs and senior management personnel. If we are unable to attract or retain such qualified personnel, this could adversely affect our business, results of operations and financial condition.
10. We operate in an extremely competitive industry and failure to successfully compete could result in loss of one or more of our significant customers and may adversely affect our business.
Objectives Purple United Sales IPO
- Expenditure for opening new stores
- Working capital requirements;
- General corporate purposes
Company Contact Details
Purple United Sales Limited
Khasra No. 55/14 & 55/15,
Near Rani Khera Road,
Mundka, West Delhi, New Delhi, Delhi, India, 11004
Phone: +91 9667792635
Email: mailto:jdseth@purpleuni
Website: https://purpleunited.in/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
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