Purple United Sales Limited is set to launch its IPO. The IPO will open on 11 December 2024 (Wednesday) and close on 13 December 2024 (Friday). This is a book-built issue IPO. Through this issue, the company aims to raise approximately ₹32.81 crores from potential investors.
The IPO consists entirely of a fresh issue of 26,04,000 equity shares amounting to ₹32.81 crores. The face value of the shares is ₹10 per share, and the price band is set between ₹121 and ₹126 per share. Investors can bid for a minimum lot size of 1,000 shares.
Key Highlights of this Public Offer
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 | |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹121 to ₹126 per share | |
| Offer Structure | Total Issue Size | 2,604,000 shares (amounting up to ₹32.81 Cr) |
| Fresh Issue | 2,604,000 shares (amounting up to ₹32.81 Cr) | |
| Market Maker Reservation | 131,000 shares | |
| Investor Details | Lot Size | 1,000 Shares |
| Listing Exchange | NSE SME | |
| IPO Type | Book Built Issue IPO |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | December 11, 2024 (Wednesday) |
| IPO Closing Date | December 13, 2024 (Friday) |
| Finalisation of Basis of Allotment | December 16, 2024 (Monday) |
| Initiation of Refunds | December 17, 2024 (Tuesday) |
| Credit of Shares in Demat Account | December 17, 2024 (Tuesday) |
| Listing Date | December 18, 2024 (Wednesday) |
What is GMP of Purple United Sales IPO Today?
As of December 18, 2024, the Grey Market Premium (GMP) for the Purple United Sales IPO is ₹80. This indicates that the shares are expected to list at approximately ₹206 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Period | 30 September 2024 (₹ Crore) | 31 March 2024 (₹ Crore) | 31 March 2023 (₹ Crore) | 31 March 2022 (₹ Crore) |
|---|---|---|---|---|
| Total Assets | 70.34 | 49.14 | 32.51 | 22.79 |
| Total Revenue | 30.52 | 42.92 | 25.71 | 16.56 |
| Total Expense | 26.23 | 36.95 | 23.62 | 15.39 |
| Profit After Tax | 3.29 | 4.82 | 1.49 | 1.77 |
| Company’s Net Worth | 23.69 | 17.34 | 10.37 | 6.18 |
| Total Reserves & Surplus | 16.68 | 10.70 | 4.29 | 0.64 |
The company’s total assets grew significantly from ₹22.79 crore in FY 2022 to ₹49.14 crore in FY 2024 and further to ₹70.34 crore as of September 2024. This shows the company’s consistent financial growth.
Revenue of the company has been increased from ₹16.56 crore in FY 2022 to ₹42.92 crore in FY 2024 and reached ₹30.52 crore for the period ending September 2024. It is clearly indicating that the company is improving its operations and making good efforts to reach a larger customer base.
The Profit After Tax grew from ₹1.77 crore in FY 2022 to ₹4.82 crore in FY 2024 and stood at ₹3.29 crore for the period ending September 2024. This growth is indicating the company’s focus on maintaining profitability through effective cost management and operational efficiency.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 19.35% |
| Return on Equity (ROE) | -% |
| EBITDA Margin (%) | 23.08% |
| After Tax Profit Margin (%) | 11.26% |
| Debt to Equity Ratio | 1.48 |
| Return on Net Worth (RONW) | 27.78% |
| Net Asset Value (NAV) | ₹26.14 |
| Earnings Per Share (EPS) | ₹7.26 (Basic) |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1000 | ₹126,000 |
| Retail Investor (Maximum Lot) | 1 | 1000 | ₹126,000 |
| HNI Investor (Minimum Lot) | 2 | 2000 | ₹252,000 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | Not more than 50% of the Net Offer |
| Shares Reserved for Retail Investors | Not less than 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | Not less than 15% of the Net Offer |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended Sep 30, 2024 (₹ in Crore) | FY 2024 (₹ in Crore) | FY 2023 (₹ in Crore) | FY 2022 (₹ in Crore) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | -0.37 | 0.89 | 3.55 | 1.06 |
| Net Cash Flow from Investing Activities | -0.89 | -2.39 | -3.91 | -0.09 |
| Net Cash Flow from Financing Activities | 1.90 | 1.89 | 0.39 | -0.89 |
| Net Decrease in Cash and Cash Equivalents | 0.64 | 0.38 | 0.04 | 0.07 |
Peer Group Comparision PE Ratio, EPS & Face Value
| Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Purple United Sales Limited | 7.84 | [●] | 10 |
| Iris Clothing Limited | 1.50 | 44.02 | 10 |
| Karnika Industries Limited | 8.15 | 36.44 | 10 |
| S.P. Apparels Limited | 35.72 | 24.45 | 10 |
Key Objectives of this Public Offer
- To fund working capital requirements.
- To support the expenditure for opening new stores.
- To meet general corporate purposes.
Positives & Negatives of Company
Positives:
- Well-established to get the benefits from the fast-growing market for kid’s products.
- big product portfolio offering garments, footwear, and accessories.
- Strong design and merchandising capabilities.
- Strong distribution network.
- Experienced promoters and a skilled management team.
Negatives
- Dependence on limited geographic regions.
- Highly competitive industrial environment.
- High reliance on third-party suppliers for raw materials.
- Operating in a highly competitive market.
- Fluctuating raw material costs.
Popular Questions
- What are the opening and closing dates for the Purple United Sales Limited public offer?
The issue opens on December 11, 2024, and closes on December 13, 2024. - What is the issue price for the Purple United Sales Limited public issue?
The price band is ₹121 to ₹126 per equity share. - What is the minimum lot size for retail investors in this offer?
Retail investors can bid for a minimum of 1,000 shares, amounting to ₹1,26,000 (at the upper price band). - Who is the lead manager for this issue?
The lead manager is Expert Global Consultants Private Limited. - Who is the registrar for the Purple United Sales Limited public offering?
The registrar is Kfin Technologies Limited. - What are the main objectives of this issue?
The funds will be utilized for working capital requirements, funding general corporate purposes, and repaying certain borrowings. - On which stock exchange will the shares be listed?
The shares are proposed to be listed on the NSE SME platform. - What is the total issue size for the Purple United Sales Limited issue?
The total issue comprises 26,04,000 equity shares. - When will the allotment and refund process begin?
The allotment date is December 16, 2024, and refunds will begin on December 17, 2024. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on December 17, 2024. - What is the expected listing date for the offer?
The shares are expected to list on December 18, 2024.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Purple United Sales IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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