IPO Name | Open Date | Close Date | Listing Date | Allotment Status | Mainboard/SME |
Purple United Sales Limited IPO | Dec 11, 2024 | Dec 13, 2024 | Dec 18, 2024 | Dec 16, 2024 | SME |
Purple United Sales Limited IPO has ₹20 Grey Market Premium as of December 10, 2024, with a price range of ₹121 to ₹126 per share. Offering lots of 1000 shares, the subscription window is open from December 11 to December 13, 2024.
Purple United Sales Limited IPO GMP Today
The Grey Market Premium (GMP) for Purple United Sales Limited is ₹20 as of December 10, 2024. This assessment coincides with a price of ₹121 to ₹126 per share for the IPO.
Purple United Sales Limited IPO Review
Purple United Sales Limited has shown consistent revenue growth, from ₹1,651.89 lakhs in March 2022 to ₹2,569.45 lakhs in March 2023, reaching ₹3,050.10 lakhs by September 2024. Profitability has also improved, with PAT increasing to ₹329.28 lakhs, and EPS growing from ₹3.20 to ₹4.77, reflecting robust earnings growth.
However, the company faces challenges, such as a reduced Return on Net Worth from 28.69% to 13.90%, and a declining current ratio, signaling weaker liquidity. Additionally, a significant drop in the inventory turnover ratio indicates potential issues in sales efficiency or inventory management.
To get a full IPO review, click here Purple United Sales IPO
Purple United Sales Limited IPO Date
Purple United Sales Limited will start accepting subscriptions from December 11 to December 13, 2024.
Purple United Sales Limited IPO Price
Purple United Sales Limited’s price range is at ₹121 to ₹126 per share with a face value of ₹10 each.
Purple United Sales Limited
Purple United Sales Limited specializes in premium, lab-tested kids’ apparel, footwear, and accessories, focusing on comfort, safety, and sustainability. Serving infants to 14-year-olds across India, it operates through 24 EBOs, 14 shop-in-shops, distributors, and an expanding online presence, delivering innovative and stylish products via a robust omnichannel network. The company aims to meet the dynamic needs of the high-frequency Indian retail market.
How To Apply For Purple United Sales Limited IPO?
To apply for the Purple United Sales Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Purple United Sales Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Purple United Sales Limited IPO at Alice Blue in just a few clicks!
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.