Purple United Sales

Purple United Sales

LISTED

IPO Date: 11 Dec - 13 Dec 2024

Listing Date: 18 Dec 2024

Price Range

₹121 – ₹126

Issue Size

33 Cr

Min Investment

₹2,42,000

2 lots minimum (SEBI rule for SME)

Min Application

2000 Shares

1000 per lot × 2

View IPO Document

Schedule of Purple United Sales

  1. Issue open date

    11 Dec 2024

  2. Issue close date

    13 Dec 2024

  3. UPI mandate deadline

    13 Dec 2024 (5 PM)

  4. Allotment finalization

    16 Dec 2024

  5. Share credit

    18 Dec 2024

  6. Listing date

    18 Dec 2024

  7. Mandate end date

    28 Dec 2024

Issue size

Funds Raised in the IPOAmount
Overall33 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date16 Dec 2024
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
3 Dec 2024Latest₹126₹0₹126(0%)

Performance Purple United Sales

Issue PriceListing GainCurrent Market PriceP/L
₹121 – ₹126₹ 199 (57.94%) ₹ 403.05219.88%

About Purple United Sales

Purple United, established in 2014, is a premium kids’ fashion brand specializing in high-quality apparel, footwear, and accessories for children up to 14 years. Known for its emphasis on comfort, safety, and vibrant designs, the brand operates 24 exclusive outlets, shop-in-shops, and a strong online presence on platforms like Amazon, Flipkart, and Myntra. Its omni-channel strategy, Disney and Mattel licensing, and focus on the 3Fs—Fun, Fashion, and Functionality—make it a leader in India’s kids’ wear market.

Founded in2014
Managing directorMr. Jatinder Dev Seth
Parent organizationPurple United Sales Ltd

Financial Overview

Strengths

4
  1. 1

    Strong omni-channel presence

  2. 2

    Unique licensed product offerings

  3. 3

    Premium quality and safety focus

  4. 4

    Nationwide retail expansion

Risks

4
  1. 1

    Dependency on outsourced manufacturing

  2. 2

    Rising debt levels could impact financial stability

  3. 3

    Legal or regulatory issues may disrupt operations

  4. 4

    Changes in consumer trends or economic conditions may affect growth

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A