Markets / IPO / Purple United Sales

Purple United Sales IPO

Updated 17:57

SME IPO on NSE Emerge · Garments & Apparels

Status
Listed
Price band
₹121–126
Lot size
1000 shares · ₹1,26,000
Subscribed
–

How it listed

Issue price
₹126
Listing price (open)
₹199.00 +57.94%
First-day close
₹208.95 +65.83%
Price now
₹459.65 +264.80%
Listing day18 Dec 2024
Open / high / low / close₹199.00 / ₹208.95 / ₹189.05 / ₹208.95
Shares traded on NSE12,96,000
Market value at the listing-day close₹201 cr

Closing prices since listing: 26 Oct ₹399.70, 27 Oct ₹400.65, 28 Oct ₹405.25, 29 Oct ₹411.00, 30 Oct ₹398.35, 2 Nov ₹386.55, 3 Nov ₹411.20, 4 Nov ₹440.40, 5 Nov ₹449.15, 6 Nov ₹458.00.

Purple United Sales share price, live chart and technicals →

Key dates

Bidding opens11 Dec 2024
Bidding closes13 Dec 2024
Allotment16 Dec 2024
Refunds and shares in demat17 Dec 2024
Listing18 Dec 2024

Lot size by investor type

ApplicationLotsSharesAmount
Individual investor (minimum)11,000₹1,26,000
HNI (minimum)22,000₹2,52,000

At ₹126 a share. In SME IPOs individuals must bid for at least 1 lots.

Subscription

Investor categoryShares bid for
Institutions (QIB)4,27,20,000
HNI / NII10,01,88,000
Retail13,44,84,000
Total27,73,92,000

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 13 Dec 2024 19:00.

Applications from individual investors

1,34,484 applications in the individual investors' category.

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹1261,856.66 lakh shares66.9%
Cut-off final price, whatever it is; mostly retail915.51 lakh shares33.0%
Lower prices ₹121–1251.75 lakh shares0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date10 Dec 2024
Anchor shares7,41,000
Raised from anchors₹9.34 cr
Lock-in ends for the first 50% (30 days)14 Jan 2025
Lock-in ends for the remaining 50% (90 days)15 Mar 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹121 cr₹442 cr
P/E (last 12 months' profit)8.029.1
Revenue, last 12 months₹171 cr
Profit, last 12 months₹15 cr
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Garments & Apparels

CompanyListedSubscribedOn listingSince IPO
Qualiance International SME11 Sept–+77.09%+7.44%
Madhur Knit Crafts SME1 Sept–0.00%-27.85%
Fascinate Textiles SME24 Aug–-20.00%-22.02%
Kaytex Fabrics SME5 Aug–-20.00%-65.78%
N R Vandana Tex Industries SME4 Jun–0.00%+56.22%

IPO details

Price band₹121–126
Final issue price₹126
Lot size1000 shares
Minimum investment₹1,26,000 (1 lot)
MarketNSE Emerge (SME)
Issue type100 % Book Building
Face value₹10
IndustryGarments & Apparels
Issue sizeInitial Public Offer comprising of Fresh issue aggregating to 26,04,000 Equity Shares (including Market Maker Portion of 1,31,000 Equity Shares and Anchor Allocation 7,41,000 Equity Shares)
ISININE0P5R01014
RegistrarKFin Technologies Limited
Helpline: +91 40 6716 2222, 1800 309 4001, pusl.ipo@kfintech.com
Lead managersExpert Global Consultants Private Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 16 Dec 2024. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Purple United Sales IPO price band and lot size?

The price band is ₹121–126 per share, and one lot is 1000 shares (₹1,26,000 at the upper price).

When is the Purple United Sales IPO allotment date?

Allotment was finalised on 16 Dec 2024, the next working day after bidding closed on 13 Dec 2024.

How many times was the Purple United Sales IPO subscribed?

Subscription figures are not available yet.

What is the Purple United Sales IPO listing date?

It listed on 18 Dec 2024 on NSE Emerge (SME).

When does the Purple United Sales anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 14 Jan 2025 and the 90-day lock-in on the rest ends on 15 Mar 2025; they can sell from the next trading day.

What was the Purple United Sales listing gain?

It opened at ₹199.00 against an issue price of ₹126, a gain of 57.94%. It is now up 264.80% from the issue price.