Purple United IPO Allotment Status

Summary

Purple United Sales IPO has closed with an exceptional response from investors, achieving a remarkable final subscription of 160.08 times by December 13, 2024 (Day 3). The public issue demonstrated overwhelming investor interest across categories, with the Non-Institutional Investors (NII) segment leading the momentum. The NII category showed extraordinary enthusiasm with 269.70 times subscription, reflecting unprecedented investor confidence. The

Retail category displayed strong interest with 155.29 times subscription, while the QIB portion was subscribed 86.30 times. The Anchor Investors portion was fully subscribed. This book built issue has attracted a total of 1,42,578 applications, indicating exceptional market interest in the company's children's fashion retail business model.

How to Check Purple United Sales IPO Allotment Status:

How to Check Purple United Sales IPO Allotment Status on the Registrar's Site?

• Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)
• From the dropdown menu, select Purple United Sales IPO
• Choose one of the following modes: PAN ID, Demat Account number, or Application number
• Enter the information relevant to the mode you have chosen
• For security purposes, fill out the captcha accurately
• Click "Submit"
   

How to Check Purple United Sales IPO Allotment Status on NSE SME:

• Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
• Look for the IPO Allotment Status section
• Select "Purple United Sales Limited" from the dropdown menu
• Enter your application number and PAN ID
• Click on 'I am not a robot' and then click "Search"

How to Check IPO Allotment Status in a Bank Account?

• Log into your Internet Banking: Go to your bank's website or mobile app and log in.
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• Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.
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• Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.
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• Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.
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• Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

• Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).
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• Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.
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• Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.
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• Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.
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• Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Purple United IPO IPO Timeline:

Purple United Sales IPO Subscription Status 

Purple United Sales IPO received 160.08 times subscription with 1,42,578 applications. By December 13, 2024 (Day 3), the detailed subscription status revealed a clear pattern of exceptional investor confidence:

Subscription Day 3 (Final)

• Total Subscription: 160.08 times
• QIB: 86.30 times 
• NII: 269.70 times
• Retail investors: 155.29 times 

Subscription Day 2 (December 12, 2024)

• Total Subscription: 18.04 times
• QIB: 3.51 times
• NII: 12.41 times
• Retail investors: 28.77 times

Subscription Day 1 (December 11, 2024)

• Total Subscription: 7.58 times
• QIB: 3.50 times
• NII: 4.37 times
• Retail investors: 11.28 times

Purple United Sales IPO Details 

Purple United Sales' initial public offering (IPO) is a book built issue of ₹32.81 crores. This offering consists entirely of a fresh issue of 26.04 lakh shares.

The bidding process commenced on December 11, 2024 and concluded on December 13, 2024. The allotment results are anticipated to be finalised on December 16, 2024. Furthermore, the shares of Purple United Sales are set to be listed on NSE SME, with a provisional listing date scheduled for December 18, 2024.

The price band is set at ₹121-126 per share. Investors must apply for a minimum lot size of 1,000 shares, which requires a minimum investment of ₹126,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,000 shares), totalling ₹252,000.

Expert Global Consultants Private Limited serves as the book running lead manager for the IPO, while Kfin Technologies Limited is designated as the registrar for this offering. Prabhat Financial Services is the market maker for this offering.