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Purple Wave Infocom IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
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%).
Purple Wave Infocom ,an Book Built Issue, amounting to ₹31.45 Crore,consisting entirely an fresh issue of 0.25 crore shares of ₹31.45 Crore.The subscription period for the Purple Wave Infocom IPO opens on November 28, 2025, and closes on December 02, 2025. The allotment is expected to be finalized on or about Wednesday, December 03, 2025., and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, December 05, 2025.
The Share Price Band of Purple Wave Infocom IPO is set at ₹120 to ₹126per equity share. The Market Capitalisation of the Purple Wave Infocom at IPO price of ₹126 per equity share will be ₹116.50 Crores. The lot size of the IPO is 1000 shares. Retail investors are required to invest a minimum of ₹
252,000, 2 lots (
2000 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
3000 shares), amounting to ₹
378,000.
Smart Horizon Capital Advisors Private Limited are the book running lead manager of the Purple Wave Infocom Ltd. while MAASHITLA SECURITIES PRIVATE LIMITED is the registrar for the issue. The Market Maker of the company is Shreni Shares Ltd.
Purple Wave Infocom Limited IPO GMP Today
The Grey Market Premium of Purple Wave Infocom IPO is expected to be ₹0 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 Wave Infocom Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Purple Wave Infocom IPO opens on November 28, 2025
Purple Wave Infocom Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Purple Wave Infocom IPO allotment date is 03 December 2025, Wednesday, Purple Wave InfocomIPO Allotment will be out on 03 December 2025, Wednesday.and will be live on Registrar Website from the allotment date.
Check MAASHITLA SECURITIES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Purple Wave Infocom 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 Wave Infocom Limited IPO
Purple Wave Infocom to utilise the Net Proceeds towards the following objects:
1. ₹1,291.02 Lakh is required for Funding capital expenditure requirements of our company towards purchasing an office space cum product display area.
2. ₹1,000.00 Lakh is required for Repayment/ prepayment of certain borrowings availed by our Company and
3. General Corporate Purposes.
Refer to Purple Wave Infocom Limited RHP for more details about the Company.
Purple Wave Infocom Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| November 24, 2025 | N/A | N/A | ₹0(0.0%) | 24 November 2025; 12:46 PM |
| November 24, 2025 | N/A | N/A | ₹0(0.0%) | 26 November 2025; 10:42 AM |
Purple Wave Infocom IPO Details
| Market Capitalization | ₹116.50 Cr. |
| IPO Date | November 28, 2025 to December 02, 2025 |
| Listing Date | December 05, 2025 |
| Face Value | ₹10 Per Share |
| Price Band | ₹ 120 to ₹ 126 per share |
| Issue Price | ₹126 per share |
| Employee Discount | NA |
| Lot Size | 1000 Equity Shares |
| Total Issue Size | 24,96,000 Equity Shares (aggregating to ₹31.45Cr) |
| Fresh Issue | 24,96,000 Equity Shares (aggregating to ₹31.45Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share holding pre issue | 67,50,000 |
| Share holding post issue | 92,46,000 |
| Rating | Avoid |
Purple Wave Infocom IPO Anchor Investors Details
| Bid Date | November 27, 2025 |
| Shares Offered | 6,34,000 |
| Anchor Portion Size (In Cr.) | 7.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 02, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 03, 2026 |
Purple Wave Infocom IPO Timeline (Tentative Schedule)
| IPO Open Date | Fri, Nov 28, 2025 |
| IPO Close Date | Tue, Dec 2, 2025 |
| Basis of Allotment | Wed, Dec 3, 2025 |
| Initiation of Refunds | Thu, Dec 4, 2025 |
| Credit of Shares to Demat | Thu, Dec 4, 2025 |
| Listing Date | Fri, Dec 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 2, 2025 |
Purple Wave Infocom IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,184,000 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 355,200 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 828,800 | Not more than 35% of the Net Offer |
| Market Maker Portion | 128,000 | - |
Purple Wave Infocom IPO Promoter Holding
| Share Holding Pre Issue | 98.05% |
| Share Holding Post Issue | 71.92% |
Purple Wave Infocom IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹252,000 |
| Retail (Max) | 2 | 2,000 | ₹252,000 |
| S-HNI (Min) | 3 | 3,000 | ₹378,000 |
| S-HNI (Max) | 7 | 7,000 | ₹882,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,008,000 |
Purple Wave Infocom IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 4,80,000 | 56,87,000 | 11.85x | 03 December 2025; 10:14 AM |
| Non Institutional Investors(NIIS) | 5,06,000 | 29,05,000 | 5.74x | 03 December 2025; 10:14 AM |
| Retail Individual Investors (RIIs) | 8,76,000 | 33,30,000 | 3.80x | 03 December 2025; 10:14 AM |
| Total | 17,34,000 | 1,19,22,000 | 6.88x | 03 December 2025; 10:14 AM |
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
- 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.
- 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.
- 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.
- 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.
- Execution & project completion risk — Large AV integration projects require timely technical execution; delays, technical issues or warranty claims increase costs and hurt reputation.
- 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
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Purple Wave Infocom Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | June 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 1,412.79 | 1,054.97 | 668.46 | 124.63 |
| Total Assets | 7,104.55 | 5,348.48 | 3,159.44 | 2,670.30 |
| Total Borrowings | 1,490.62 | 1,473.31 | 1,103.04 | 689.71 |
| Fixed Assets | 91.55 | 99.11 | 66.03 | 75.00 |
| Cash | 96.30 | 270.49 | 38.91 | 210.30 |
| Cash flow from operating activities | -152.43 | 70.87 | -482.79 | 386.94 |
| Cash flows from investing activities | 0.30 | -64.75 | -15.93 | -37.56 |
| Cash flow from financing activities | -22.05 | 225.45 | 327.33 | -222.20 |
| Net Borrowing | 1,394.32 | 1,202.82 | 1,064.13 | 479.41 |
| Revenue | 3,590.64 | 12,614.50 | 9,003.60 | 7,043.60 |
| EBITDA | 524.04 | 1,393.94 | 830.86 | 199.76 |
| PAT | 357.82 | 911.51 | 543.83 | 65.91 |
| PAT Margin | 9.97% | 7.23% | 6.04% | 0.94% |
| EPS | 5.3 | 13.5 | 8.06 | 0.98 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 13.5 |
| EPS Post IPO (Rs.) | 9.86 |
| Adjusted 12M EPS Post IPO (Rs.) | 15.48 |
| P/E Pre IPO | 9.33 |
| P/E Post IPO | 12.78 |
| Adjusted 12M P/E Post IPO | 8.14 |
| ROE | 71.54% |
| ROCE | 42.80% |
| P/BV | 4.92 |
| Debt/Equity | 0.85 |
| RoNW | 52.69% |
| EBITDA Margin | 11.06% |
| PAT Margin | 7.23% |
Purple Wave Infocom Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Purple Wave Infocom | 9.86 | 12.78 | 71.54% | 42.80% | 4.92 | 0.85 | 52.69% |
| PRO FX Tech | 9.51 | 9.05 | 39.7 % | 51.0 % | 3.07 | 0.00 | 33.17% |
Purple Wave Infocom Limited Contact Details
Purple Wave Infocom Ltd.
Plot No 1 & 2, Pocket A-2, 2nd Floor,
MNG Tower, First Floor, Dwarka Sector 17,
N.S.I.T. Dwarka, South West Delhi,
New Delhi, New Delhi, 110078
Phone: 9289102671
Email: investors@purplewave.in
Website: https://www.purplewave.in/
Purple Wave Infocom IPO Registrar and Lead Manager(s)
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Smart Horizon Capital Advisors Private Limited
Phone: 022-28706822
Email:director@shcapl.com
Website: www.shcapl.com
Purple Wave Infocom IPO Review
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%).
The Company is led by Promoter, i.e., MANOJ KUMAR SINGH, SANDHYA SINGH AND ANANYA SINGH
The Revenues from operations for the Period ended on Jun 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
3,590.64 Lakh, ₹
12,614.50 Lakh, ₹
9,003.60 Lakh, and ₹
7,043.60 Lakh, The EBITDA for the Period ended on Jun 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
524.04 Lakh, ₹
1,393.94 Lakh, ₹
830.86 Lakh, and ₹
199.76 Lakh, The Profit after Tax for the Period ended on Jun 30 2025, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹357.82 Lakh, ₹
911.51 Lakh, ₹
543.83 Lakh, and ₹
65.91 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹13.5 and post-issue EPS of ₹9.86 for FY25. The pre-issue P/E ratio is 9.33x,while the post-issue P/E ratio is 12.78x against the Industry P/E ratio is 9.05 The company's ROE for FY25 is 71.54% and RoNW is 52.69% The Annualised EPS is ₹15.48x and P/E is
8.14x. These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Purple Wave Infocom showing listing gains of
0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Purple Wave Infocom Limited IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.





