Purple United Sales IPO: Check allotment status on NSE, Kfin Tech and other key details

Investors who had subscribed for shares of small and medium enterprise (SME) Purple United Sales Ltd can check the status of share allotment today, December 16.

The ₹32.81-crore SME issue, which was open from December 11 to December 13, was booked over 160 times with bids received for more than 27.73 crore shares against 17.32 lakh shares on offer.

The Non-institutional investors (NIIs) led the demand, with their quota getting oversubscribed by more than 270 times. NIIs placed bids for over 10 crore shares against 3.71 lakh shares on offer.

The retail investors’ portion was subscribed over 155.2 times, with bids received for more than 13.44 crore shares against 8.66 lakh shares reserved for them. The qualified institutional buyers’ (QIBs) segment of the Purple United Sales IPO was booked 86.3 times, with bids for over 4.27 crore shares against the allocated 4.95 lakh shares.

If you were one of the investors in the issue, you can check the share allotment status online on the website of the National stock Exchange of India (NSE) or at the web portal of the issue’s registrar Kfin Technologies Ltd.

Here’s a step-by-step guide on how to check share allotment status online on the NSE website:

• Visit the NSE IPO allotment status page by clicking here. (www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
• Login with username and password. First-time investors would have to register one time by providing the PAN details. The user then can view the details of the bids entered against the registered PAN number.
• From the dropdown menu, select Purple United Sales Ltd.
• Verify PAN details and enter the IPO application number.
• Click on ‘Submit’ and you can view whether any shares have been allotted against your PAN number or not.

To check share allotment status on the Kfin Technologies website, follow these steps:

• Visit the official website by clicking here. (https://ris.kfintech.com/ipostatus/)
• Select any one of the five links to view the IPO allotment status.
• In the ‘Select IPO’ dropdown menu, select Purple United Sales Ltd.
• Select IPO application number, Demat account number or PAN and share details.
• Enter the captcha given and click on ‘Submit’. You will be able to see the allotment details.

Successful bidders who have been allotted shares can expect them to be credited to their Demat accounts by December 17. For others, refunds would be initiated the same day. The Purple United Sales stock is expected to list on the NSE Emerge platform on December 18.

Purple United Sales IPO: Offer details

Purple United Sales Ltd is a premium children's fashion brand engaged in the manufacturing and supply of high-quality apparel, footwear and accessories for kids up to the age of 14 years.

The company has both offline and online presence. It operates through exclusive brand outlets and multiple shop-in stores. It retails its products online through its own mobile app, website and e-commerce platforms like Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch and AJIO.

Purple United Sales Ltd IPO was a book-built issue aimed at raising ₹32.81 crore through fresh issuance of 26.04 lakh shares. The IPO did not contain any offer-for-sale (OFS) portion.

The company raised ₹9.34 crore from anchor investors ahead of the launch of the public offer.

Price band for the issue was ₹121-126 per share of face value of ₹10 each. The lot size was 1,000 shares.

Expert Global Consultants Pvt. Ltd is serving as the sole book-running lead manager for the issue, whereas Kfin Technologies Ltd is its registrar. Prabhat Financial Services is the market maker for the Purple United Sales IPO.

Purple United Sales IPO: Use of funds

Purple United Sales has said that it would use the net proceeds from the fresh issuance of the IPO to fund the opening of new stores. A portion of funds would be used for working capital requirements and general corporate purposes.

Purple United Sales IPO: Company financials

For the financial year 2023-24, Purple United Sales’ revenue increased by 67% to ₹42.9 crore compared with ₹25.7 crore in the previous financial year 2022-23. Profit after tax (PAT) more than tripled to ₹4.8 crore in FY24 compared with ₹1.5 crore in FY23.

For the current financial year 2024-25, revenue stood at ₹30.5 crore for the first six-month period ended September 2024, while net profit stood at ₹3.3 crore.

Purple United Sales IPO: Promoter shareholding pre- and post-issue

Promoters of Purple United Sales are Jatinder Dev Seth, Bhawana Seth, Innovation Mobile, Web Technologies Pvt. Ltd, Manish Dev Seth and Monica Seth.