Introduction :-
Purple Wave Infocom Limited is launching an SME IPO to raise about ₹31.45 crore via a 100% fresh issue of 24,96,000 equity shares. The company is a digital PRO AV (professional audio‑video) integration and automation solutions provider, offering customized display, communication, and content solutions for corporate, retail, education, government and more.
IPO details:
- Issue type: SME, book‑built, 100% fresh issue
- Issue size: Approx. ₹31.45 crore
- Price band: ₹120–₹126 per share (face value ₹10)
- Issue dates: 28 November – 2 December 2025
- Likely listing: BSE SME (tentative 5 December 2025)
- Market lot: 1,000 shares
- Minimum retail application: 2 lots = 2,000 shares (₹2,52,000 at lower band)
- Minimum HNI: 3 lots = 3,000 shares.
What Does Purple Wave Infocom Do?
Founded in 2007, Purple Wave Infocom designs, installs and maintains complete AV and digital display ecosystems – from large LED walls and boardroom screens to digital signage in retail, smart classrooms, places of worship, and public spaces. The company also offers:
- Cloud‑based content management (SaaS model)
- “Streampurple” live‑streaming and content tools
- Ongoing on‑site and remote support for enterprise customers
It operates with an asset‑light, project‑driven model, integrating hardware sourced from partners with in‑house design, software and support capabilities.
Financial Snapshot
Purple Wave Infocom Ltd.'s revenue increased by 40% and profit after tax (PAT) rose by 68% between the financial year ending with March 31, 2025 and March 31, 2024.
|
Period Ended |
30 Jun 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
71.05 |
53.48 |
31.59 |
26.70 |
|
|
35.91 |
126.15 |
90.04 |
70.44 |
|
|
3.58 |
9.12 |
5.44 |
0.66 |
|
|
5.24 |
13.94 |
8.31 |
2.00 |
|
|
20.88 |
17.30 |
8.18 |
2.75 |
|
|
14.13 |
10.55 |
6.68 |
1.25 |
|
|
14.91 |
14.73 |
11.03 |
6.90 |
|
|
Amount in ₹ Crore |
||||
The Company Purple Wave IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
|
S.No. |
Objects of the Issue |
Expected Amount (in Millions) |
|
1 |
Funding capital expenditure requirements of our company towards purchasing an office space cum product display area. |
129.10 |
|
2 |
Repayment/ prepayment of certain borrowings. |
100.00 |
|
3 |
General corporate purposes |
IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
IPO Reservation
Purple Wave Infocom IPO offers total 24,96,000 shares. Out of which 11,14,000 (44.63%) allocated to QIB, 4,80,000 (19.23%) allocated to QIB (Ex- Anchor), 3,78,000 (15.14%) allocated to NII 8,76,000 (35.10%) allocated to RII and 6,34,000 (25.40%) allocated to Anchor investors.
How To Apply for the Online?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
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