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Purple Wave Infocom IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

About Purple Wave Infocom Limited

Purple Wave Infocom Limited provides professional AV (PRO-AV) integration, direct sales/distribution of PRO-AV hardware and after-sales services (AMCs, repairs). It earns revenue from AV integration projects, product resale, and service contracts across corporates, education, advertising and government verticals. Revenue for FY2024–25 was ₹12,601.59 lakh, driven mainly by AV integration (58.82%) and direct selling (37.04%).

Product portfolio, lifecycle impact, order book & execution
Products: indoor/outdoor LED screens, professional displays (touch/non-touch), digital signage, ESLs, video-conferencing cameras, processors, speakers, mics, amplifiers, UC devices, controllers, cables and mounts. These products span initial rollout to long after-sales (AMCs), extending client product lifecycles through maintenance and upgrades. Revenue split shows AV integration (project execution) dominates; direct sales & AMCs supplement recurring revenue. The RHP states order-based project execution (tenders) but does not disclose a consolidated order-book amount.

Employees and banker
As of September 30, 2025, our Company has employed 86 permanent employees. The Banker to the Company is Canara Bank.

Management, vision and funding plans

Management is led by Promoters Manoj Kumar Singh (MD), Sandhya Singh and Ananya Singh, with a professional CFO (Aafaqu Ahmad) and CEO (Shaurya J. Somani). The board emphasises growth via scaling AV integration projects, expanding direct distribution and after-sales services to capture recurring revenue. For planned capex and working capital, management intends to use IPO proceeds (fresh issue) combined with internal accruals and bank credit (short-term borrowings are already part of capital structure). Financial monitoring and a monitoring agency are in place for issue proceeds.

Top 6 major risk factors

  1. First public offering & market illiquidity risk — This is the company’s first public issue; no prior public market exists for the shares, so post-listing liquidity and price volatility are uncertain and may impact investor exits.
  2. Order / tender dependency and concentration — Revenue depends on winning competitive tenders and project execution; any delay or non-renewal in large contracts can materially affect revenue and margins.
  3. Working capital & inventory risk — High inventory for product distribution and project timelines require working capital; mis-timing can pressure cash flows and increase borrowing. IPO proceeds earmarked for working capital indicate existing needs.
  4. Supply chain / vendor dependence — The company sources hardware from identified vendors; supplier disruption, price rises or component shortages can delay project delivery and raise costs.
  5. Execution & project completion risk — Large AV integration projects require timely technical execution; delays, technical issues or warranty claims increase costs and hurt reputation.
  6. Financial leverage & interest cost exposure — The company carries short-term borrowings (₹1,426.59 lakh pre-issue) and finance costs are material; rising interest rates or inability to refinance could affect profitability.

Key strengths, moat & near-term opportunities

  1. Project execution capability & integrated services — Combines AV integration, direct product distribution and after-sales AMC; this end-to-end model helps win projects and generate recurring revenue from maintenance contracts.
  2. Diversified regional footprint — Registrations and facilities across Delhi, Manesar, Bhiwandi, Bengaluru and Guwahati enable rapid deployment and local servicing for customers across North, West and South India.
  3. Strong recent financial momentum — Revenue rose to ₹12,601.59 lakh in FY2024–25 with PAT ₹911.51 lakh; EBITDA margin improved to 11.06% (FY2024–25) showing operating leverage. This supports future expansion funding.
  4. Tendering experience and government/corporate access — Proven ability to win competitive tenders for government and corporate projects positions the company to capture public sector modernization spend.
  5. Recurring revenue from after-sales services — AMC and value-added services provide stickiness and steady cashflows that improve lifetime client value and reduce revenue cyclicality.
  6. Room to scale distribution & inventory financing — IPO proceeds aimed at working capital and inventory will allow higher order acceptance, faster fulfilment and expanded reseller/distribution reach.

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