Purple Wave Infocom IPO

24 Nov 2025

JM Financial Services

Investor checking Purple Wave Infocom SME IPO issue dates and price band on a laptop screen

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
Assets	71.05	53.48	31.59	26.70
Total Income	35.91	126.15	90.04	70.44
Profit After Tax	3.58	9.12	5.44	0.66
EBITDA	5.24	13.94	8.31	2.00
NET Worth	20.88	17.30	8.18	2.75
Reserves and Surplus	14.13	10.55	6.68	1.25
Total Borrowing	14.91	14.73	11.03	6.90
Amount in ₹ Crore

Objective of the Issue :-

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

FAQs

Q1. What are the Purple Wave Infocom IPO dates?
The IPO opens on 28 November 2025 and closes on 2 December 2025.

Q2. What is the Purple Wave Infocom IPO price band?
The price band is set at ₹120–₹126 per equity share of face value ₹10.

Q3. What is the lot size and minimum investment?
The market lot is 1,000 shares; retail investors must apply for at least 2 lots (2,000 shares), which requires around ₹2.52–₹2.52+ lakh depending on final price.

Q4. Where will the shares be listed?
Shares are proposed to list on the BSE SME platform, with a tentative listing date of 5 December 2025

Q5. Is this a fresh issue or OFS?
This is a 100% fresh issue, with no offer for sale by existing shareholders.

Q6. What are the main business strengths?

Niche presence in high‑growth digital display, AV integration and SaaS‑based content management
Strong revenue and PAT growth; healthy return ratios
Diversified client base across corporate, education, retail and government.

Q7. What are key risks to keep in mind?