Purple United Sales IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Purple United Sales Limited IPO GMP

Purple United Kids is the first-of-its-kind premium fashion brand providing versatile apparel & footwear choices for kids of all age groups. The brand has captivated the targeted market through its vibrant product range. Purple United Kids is a retail representation of confidence, strength, and all things fashionable.

Purple United Sales, an Book Built Issue amounting to
 ₹32.81 Crores, consisting entirely an Fresh Issue of 26.04 Lakh Shares. The subscription period for the Purple United Sales IPO opens on December 11, 2024, and closes on December 13, 2024. The allotment is expected to be finalized on or about Monday, December 16, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, December 18, 2024.

The Share price band of Purple United Sales IPO is set at ₹121 to ₹126 per equity share. The Market Capitalisation of the Purple United Sales Limited at IPO price of ₹126 per equity share will be ₹121.08 Crores. The lot size of the IPO is 1,000 shares. Retail investors are required to invest a minimum of ₹1,26,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹2,52,000.

EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book-running lead manager while KFIN TECHNOLOGIES LIMITED is the registrar for the Issue.

Purple United Sales Limited IPO GMP Today
The Grey Market Premium of Purple United Sales Limited IPO is expected to be ₹31 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Purple United Sales Limited Day Wise IPO GMP Trend

DateIPO PriceExpected Listing PriceGMPLast Updated 
13 December 2024₹ 126₹ 157₹ 31 (24.60%)06:00 PM; 13 Dec 2024
12 December 2024₹ 126₹ 157₹ 31 (24.60%)06:00 PM; 12 Dec 2024
11 December 2024₹ 126₹ 150₹ 24 (19.31%)06:00 PM; 11 Dec 2024
10 December 2024₹ 126₹ 140₹ 14 (11.35%)06:00 PM; 10 Dec 2024
06 December 2024₹ 126₹ 135₹ 9 (7.38%)06:00 PM; 06 Dec 2024
04 December 2024₹ 126₹ 135₹ 9 (7.38%)04:06 PM; 04 Dec 2024
03 December 2024₹ 126₹ 135₹ 0 (0%)06:00 PM; 03 Dec 2024
02 December 2024₹ 126₹ 135₹ 0 (0%)06:00 PM; 02 Dec 2024


Purple United Sales Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 13 December 2024, the Purple United Sales IPO live subscription status shows that the IPO subscribed 148.90 times on its Final day of subscription periodCheck the Purple United Sales IPO Live Subscription Status Today at NSE.

Purple United Sales IPO Anchor Investors Report
Purple United Sales has raised ₹9.34 Crores from Anchor Investors at a price of ₹126 per shares in consultation of the Book Running Lead Managers. The company allocated 7,41,000 equity shares to the Anchor Investors. 
Check Full List of 
Purple United Sales Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Purple United Sales Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Purple United Sales IPO allotment date is 16 December, 2024, Monday. Purple United Sales IPO Allotment will be out on 16th December 2024 and will be live on Registrar Website from the allotment date. Check Purple United Sales IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Purple United Sales Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Purple United Sales Limited IPO
Purple United Sales Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. 535.40 Lakhs is required for Expenditure for opening new stores
2. 
1,800.00 Lakhs is required for Working capital requirements;
3. General corporate purposes

Refer to Purple United Sales Limited DRHP for more details about the Company.

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