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Purple United Sales IPO
98.86xsubscribed

Purple United Sales IPO

Textile
listed
₹1.21LMin. investment

Purple United Sales Limited IPO Details

SectorTextile
Price range₹121 – ₹126
IPO type
SME
Lot size1000 shares
Issue size₹32Cr
Red Herring Prospectus
Read
Market cap
₹121CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹42.77CrLower than sector avg
Growth rate3Y CAGR
3,732%

Purple United Sales IPO Timeline

  1. Pre-apply
    10 Dec 2024
  2. Bid start
    11 Dec 2024
  3. Bid end
    13 Dec 2024
  4. Allotment
    16 Dec 2024
  5. Release of funds
    17 Dec 2024
  6. Demat transfer
    17 Dec 2024
  7. Listing
    18 Dec 2024

About Purple United Sales Limited

Founded in 2014, Purple United Sales specializes in premium children’s fashion, offering apparel, footwear, and accessories. The brand focuses on comfort, safety, and style, using lab-tested materials. Expanding from apparel to footwear via Disney and Mattel partnerships, Purple United adopted an omni-channel strategy, launching an e-commerce platform in 2018. By 2024, it operates 24 exclusive outlets and 14 shop-in-shops across India. Known for its commitment to sustainability, the brand generated 70% of its sales through a multi-channel approach and won the 2024 Emerging Brand award.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Purple United Sales IPO

Working capital requirement
The company will use ₹18 crore to meet working capital requirements.
Business expansion
The company will use ₹5.35 crore to open new stores for business expansion.
General corporate purposes
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹42.77Cr3,732%₹4.81Cr₹121Cr16.071.48
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Purple United Sales IPO Contact Details

Company NamePurple United Sales Limited

How to apply for Purple United Sales IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Purple United Sales IPO FAQs