Purple United Sales
CLOSEDIPO Date: 11 Dec - 13 Dec 2024
Listing Date: 18 Dec 2024
Price Range
₹121 – ₹126
Issue Size
33 Cr
Min Investment
₹1,21,000
Lot Size
1000 Shares
Schedule of Purple United Sales
Issue open date
11 Dec 2024
Issue close date
13 Dec 2024
UPI mandate deadline
13 Dec 2024 (5 PM)
Allotment finalization
16 Dec 2024
Share credit
18 Dec 2024
Listing date
18 Dec 2024
Mandate end date
28 Dec 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 33 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Dec 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Dec 2024 | ₹126 | ₹0 | ₹126 (0%) |
Performance Purple United Sales
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹121 – ₹126 | .... | ₹ 180 | 42.86% |
About Purple United Sales
Purple United, established in 2014, is a premium kids’ fashion brand specializing in high-quality apparel, footwear, and accessories for children up to 14 years. Known for its emphasis on comfort, safety, and vibrant designs, the brand operates 24 exclusive outlets, shop-in-shops, and a strong online presence on platforms like Amazon, Flipkart, and Myntra. Its omni-channel strategy, Disney and Mattel licensing, and focus on the 3Fs—Fun, Fashion, and Functionality—make it a leader in India’s kids’ wear market.
| Founded in | 2014 |
| Managing director | Mr. Jatinder Dev Seth |
| Parent organization | Purple United Sales Ltd |
Financial Overview
Strengths
- Strong omni-channel presence
- Unique licensed product offerings
- Premium quality and safety focus
- Nationwide retail expansion
Risks
- Dependency on outsourced manufacturing
- Rising debt levels could impact financial stability
- Legal or regulatory issues may disrupt operations
- Changes in consumer trends or economic conditions may affect growth
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |