Purple Wave Infocom Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹126
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,26,000
Issue Size
₹31.45 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
37%
QIB Quota
47.04%
NII Quota
15.96%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Purple Wave Infocom Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.52%
Promoter Holding (Post-Issue)
71.92%
Issue Type
Book Building - SME
ISIN
INE0VDK01019
About the Company
Established in 2007, our company is engaged in the business of digital PRO AV (professional audio-video) integration, post-sales support and distribution. Audio video (AV) integration involves the combination of audio, video, and control systems into a unified solution. We provide end-to-end customised digital PRO AV and automation solutions which includes designs, integration, management & on site support including cloud-based communication and automation solution for organizations across the country and in overseas market. Our technological solutions re-define communication, connectivity and creative synergy. We excel in designing and implementing customized AV solutions for corporate boardroom, organised retail digital branding, indoor & outdoor advertising, smart classroom, government projects, place of worship, home theatre, experience centre and other industries. We also offer value added services such as content management service in Software as a service (SaaS) model, a cloud-based tool that helps users create, store, edit and publish digital content on their screens. We are offering live streaming and content management services through "Streampurple".
Industry Overview
The Indian Electronics System Design & Manufacturing (ESDM) sector is one of the fastest growing sectors in the economy and is witnessing a strong expansion in the country. The ESDM market in India is well known internationally for its potential for consumption and has experienced constant growth. The Electronics System Design & Manufacturing (ESDM) industry includes electronic hardware products and components relating to Information Technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defense, solar photovoltaic, nano electronics and medical electronics. The industry also includes design-related activities such as product designing, chip designing, Very Large-Scale Integration (VLSI), board designing and embedded systems.
Company History
Our Company was originally incorporated under the name "Purple Wave Infocom Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 19, 2007, issued by the Asst. Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently the status of the Company was changed to public limited and the name of our Company was changed to "Purple Wave Infocom Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on June 26, 2024. The fresh certificate of incorporation consequent to conversion was issued on August 08, 2024, by Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U72300DL2007PLC170537.
Growth Strategy
- Setting up of office space cum product showcase area.
- Expand our international presence.
- Expansion of Service Network.
- Brand Building.
- Strengthen relationships with our existing customers and expand customer base.
- Focus on dealing in quality standard products.
- Creating a strong marketing and promoting strategy.
- Improve Debt - Equity Ratio.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
initial public offer of up to 24,96,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Purple Wave Infocom Limited ("the Company" or "Purple Wave" or "the Issuer") for cash at a price of Rs. 126 per equity share including a share premium of Rs. 116 per equity share (the "Issue Price") Aggregating to Rs. 31.45 crores ("the Issue"), of which up to 24,96,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 126 per equity share including a share premium of Rs. 116 per equity share aggregating to Rs. 31.45 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of up to [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores is herein after referred to as the "net issue". The issue and the net issue will constitute [*] % and [*] % respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide product portfolio having applications across various customer segments.
- Well established relationship with clients.
- Leveraging the experience of our Promoters and Directors.
- Wide geographical reach.
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on the company profitability and results of operations.
- The Company has not entered into any long-term contracts with its customers and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
- Its business and profitability heavily relies on the consistent and timely availability of products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, the company dependence on third-party suppliers, without firm supply commitments or exclusive arrangements, poses a risk. The loss of any suppliers could adversely affect its business, operational outcomes, and financial condition.
- The company's future growth is dependent upon the company ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.
- Its business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products at regular intervals.