The Purple United Sales IPO has been officially launched for public subscription today, Wednesday, December 11, 2024. This IPO offers investors a chance to invest in a growing kidswear brand in India. Let’s analyze the main points of this IPO.
Key Details of Purple United Sales IPO
- IPO Size: The company aims to raise ₹32.81 crore through the issuance of new shares.
- Price Band: The share price is fixed in the range of ₹121 to ₹126.
- Lot Size: Investors have the option to apply for the IPO in multiples of 1,000 shares per lot.
- IPO Dates: The subscription window will be available from December 11 to December 13, 2024 (Wednesday to Friday).
- Listing Platform: The shares are set to be listed on the NSE SME platform
The Grey Market Premium (GMP) for the Purple United Sales IPO is currently ₹20. GMP reflects the additional price at which shares are being traded in the unofficial market before they are officially listed. This shows some positive investor interest in the IPO.
Purple United Sales is a well-known brand in India’s kidswear market. The company has a strong brand presence and a wide network of distribution channels. It has demonstrated steady growth and profitability over time.
Important Dates
- IPO Open Date: December 11, 2024.
- IPO Close Date: December 13, 2024.
- Allotment Date: Likely on December 14, 2024.
- Listing Date: Expected on December 18, 2024.
Investors can apply for the Purple United Sales IPO through the NSE SME platform. You will need to place bids in multiples of 1,000 shares. Ensure you have sufficient funds in your account for the application, based on the price band of ₹121 to ₹126 per share.
The Purple United Sales IPO presents a promising investment opportunity for those interested in the kidswear sector. Make sure to do your research and evaluate your financial goals before making a decision. As with all investments, it’s important to consider the risks and rewards.
This IPO opens doors to investing in a strong, growing brand in India’s fashion industry. Don’t miss the chance to review its potential and decide if it fits your investment strategy.
