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Purple United IPO

  • Status: Closed
  • RHP:
  • ₹ 121,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    18 Dec 2024

  • Listing Price

    ₹ 199.00

  • Listing Change

    57.94%

  • Last Traded Price

    ₹ 203.85

IPO Details

  • Open Date

    11 Dec 2024

  • Close Date

    13 Dec 2024

  • IPO Price Range

    ₹ 121 - ₹ 126

  • IPO Size

    ₹ 32.81 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    18 Dec 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Purple United IPO Subscription Status

Last Updated: 13 December 2024 6:01 PM by 5Paisa

Purple United Sales IPO is set to open on 11 December 2024 and will close on 13 December 2024. Purple United Sales specialises in clothing, shoes, and accessories for children aged 0 to 14 years.
 
The IPO is a fresh issue of 0.26 Cr shares aggregating to ₹32.81 Cr. The price range is set between ₹121 to ₹126 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalised on 16 December 2024. It will go public on NSE SME, with a tentative listing date of 18 December 2024.

Expert Global Consultants Pvt Ltd is the book running lead manager while Kfin Technologies Ltd is the registrar. 
 

Purple United IPO Size

Types Size
Total IPO Size ₹32.81 Cr
Offer For Sale -
Fresh Issue ₹32.81 Cr

 

Purple United IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹126,000
Retail (Max) 1 1000 ₹126,000
HNI (Min) 2 2000 ₹252,000

 

Purple United IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 86.30     4,95,000 4,27,20,000 538.27
NII (HNI) 269.70 3,71,000 10,00,57,000 1,260.72
Retail 155.29 8,66,000 13,44,84,000 1,694.50
Total 160.08 17,32,000 27,72,61,000 3,493.49

 

Purple United IPO Anchor Allocation

Anchor Bid Date 10 December, 2024
Shares Offered 741,000
Anchor portion Size (In ₹ Cr.) 9.34
Anchor lock-in period end date for 50% shares (30 Days) 15 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 16 March, 2025

1. Expenditure for opening new stores
2. Working capital requirements
3. General corporate purposes
 

Incorporated in 2014, Purple United is a leading fashion brand specializing in clothing, shoes, and accessories for children aged 0 to 14 years. Its flagship line, "Purple United Kids," offers a wide range of laboratory-tested, high-quality products designed for various occasions. From infant rompers and toddler dungarees to party wear and accessories like strollers, the brand caters to children’s diverse needs with vibrant designs and durable materials. Purple United operates across India with 17 exclusive brand outlets (EBOs) in five states, 20 shop-in-shop locations in major retail chains, and an online presence on platforms such as Amazon, Flipkart, Myntra, and FirstCry.

The company’s competitive strengths lie in its extensive product portfolio, strong design capabilities, and control over distribution channels. Focused on fun, fashion, and functionality, Purple United is well-positioned to tap into the rapidly growing children’s products market. As of June 2024, it employed 161 full-time staff across its operations.

Peers

S.P. Apparels Limited
Iris Clothing Limited
Karnika Industries Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 42.92 25.71 16.56
EBITDA 9.87 3.86 2.40
PAT 4.82 1.49 1.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 49.14 32.51 22.79
Share Capital 6.63 6.08 5.54
Total Borrowings 25.63 11.87 11.06
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 0.89 3.55 1.06
Net Cash Generated From / (used in) investing activities -2.39 -3.91 -0.09
Net Cash Generated From / (used in) financing activities 1.89 0.39 0.89
Net Increase (Decrease) In Cash And Cash Equivalents 0.38 0.04 0.07

Strengths

1. Wide range of products for children of all age groups.

2. High-quality, laboratory-tested materials ensure durability and safety.

3. Strong online and offline distribution channels across India.

4. Experienced management team with expertise in children’s fashion.

5. Focus on fun, fashion, and functionality appeals to customers.
 

Risks

1. Limited operations to only a few Indian states.

2. Faces tough competition from other children’s fashion brands.

3. No presence in international markets limits growth opportunities.

4. Price-sensitive target audience may impact profitability.

5. Heavy reliance on supply chains poses risks.
 

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FAQs

Purple United Sales IPO opens from 11 December to 13 December 2024.

The size of Purple United Sales IPO is ₹32.81 Cr.

The price of Purple United Sales IPO is fixed at ₹121 to ₹126 per share. 

To apply for Purple United Sales IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Purple United Sales  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Purple United Sales IPO is 1000 shares and the investment required is ₹126,000.

The share allotment date of Purple United Sales IPO is 16 December 2024

The Purple United Sales IPO will be listed on 18 December 2024.

Expert Global Consultants Pvt Ltd is the book running lead manager for Purple United Sales IPO.
 

Purple United Sales plans to utilise the raised capital from the IPO for:

  • Expenditure for opening new stores
  • Working capital requirements;
  • General corporate purposes