The Purple Wave Infocom IPO is an SME book-built issue, comprising only fresh issues of 24,96,000 equity shares worth ₹31.45 crore, at a face value of ₹10 per share. The IPO bidding period starts on 28 November 2025 and closes on 2 December 2025, and allotment is to be finalised on 3 December 2025. The Purple Wave Infocom IPO shares are scheduled for listing on 5 December 2025, on the BSE SME.
The price band for the IPO is set at ₹120 to ₹126 per share. The minimum lot size is 2 lots, with each lot consisting of 1,000 shares, with a minimum retail investment of ₹2,52,000, at the upper value of the price band. The HNIs must apply for at least 3 lots, which totals to 3,000 shares and amounts to an investment of ₹3,78,000.
Purple Wave Infocom IPO Details
The essential details for the Purple Wave Infocom IPO in India are provided here, including the share price, face value, fresh issue, and other information.
| IPO Opening Date | 28 November 2025 |
| IPO Closing Date | 2 December 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹126 per share |
| Issue Price | – |
| IPO Lot Size | 1,000 shares |
| Sale Type | Fresh Issue |
| Offer for Sale | – |
| Fresh Issue | 24,96,000 Equity Shares |
| Issue Type | Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Cr) | ₹31.45 crore |
| Reserved for Market Maker | 1,28,000 Equity Shares (₹1.61 crore) |
| Net Offering to the Public | 23,68,000 Equity Shares (₹29.84 crore) |
| Minimum Investment(₹) | ₹2,52,000 (2 Lots) |
| Retail Discount | – |
| Employee Discount | – |
Purple Wave Infocom IPO Timeline
The table below provides a complete view of the Purple Wave Infocom IPO timeline, including the subscription period, allotment, and the listing date.
| Bidding Period Opens | 28 November 2025 |
| Bidding Period Closes | 2 December 2025 |
| Allotment Date | 3 December 2025 |
| Refunds Initiation | 4 December 2025 |
| Shares Credited to demat | 4 December 2025 |
| Listing Date | 5 December 2025 |
| Deadline for UPI Mandate Confirmation | 5 PM, 2 December 2025 |
Purple Wave Infocom IPO Grey Market Premium (GMP)
The Purple Wave Infocom IPO GMP today stands at ₹0. An upward trend in GMP usually shows that the market confidence is improving and more investors are eyeing the IPO.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 25 November 2025 | ₹0 | ₹126 (0.00%) | – | – |
The GMP tracks live demand for the IPO, based on its subscription levels and the overall market mood before and during the IPO.
GMP percentage: Purple Wave Infocom IPO
As of 25 November 2025, the Purple Wave Infocom IPO GMP is at ₹0, keeping the GMP percentage at 0.00%. With no premium in the grey market, the estimated listing price stays close to the upper end of the price band, ₹126, until demand picks up closer to listing.
Purple Wave Infocom IPO Reservation
For a better understanding of the likelihood of allotment, review the Purple Wave Infocom IPO reservation breakdown for each investor category.
| Category | % of Shares Offered | Shares offered |
| Anchor Investors | 25.40% | 6,34,000 |
| QIBs | 19.23% | 4,80,000 |
| Market Makers | 5.13% | 1,28,000 |
| Retail Investors | 35.10% | 8,76,000 |
| NII (HNI) | 15.14% | 3,78,000 |
| Total Shares Offered | 100% | 24,96,000 |
Purple Wave Infocom Limited Key Performance Indicator
Key performance indicators (KPIs) and quantitative highlights for Purple Wave Infocom Limited, including ROE, EBITDA, and PAT margin, are presented for the last three financial years.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 71.54 | 99.5 | 26.43 |
| ROCE (%) | 42.8 | 42.43 | 20.98 |
| Debt-Equity Ratio (in times) | 0.85 | 1.35 | 2.51 |
| RoNW (%) | 52.69 | 66.45 | 24 |
| PAT Margin (%) | 7.23 | 6.05 | 0.94 |
| EBITDA Margin (%) | 11.06 | 9.24 | 2.85 |
| Price to Book Value | – | – | – |
Purple Wave Infocom Ltd. Financials
| Aspect | 2025 (₹ Lakhs) | 2024 (₹ Lakhs) | 2023 (₹ Lakhs) |
| Revenue | 12,614.50 | 9,003.60 | 7,043.60 |
| Total Asset | 5,348.48 | 3,159.44 | 2,670.30 |
| Profit/Loss | 911.51 | 543.83 | 65.91 |
Purple Wave Infocom IPO Lot Size
Here’s a quick look at the Purple Wave Infocom IPO lot size and the minimum investment requirements across different investor categories.
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors (Minimum) | 2 | 2,000 | 2,52,000 |
| Retail Investors (Maximum) | 2 | 2,000 | 2,52,000 |
| S-HNI (Minimum) | 3 | 3,000 | 3,78,000 |
| S-HNI (Maximum) | 7 | 7,000 | 8,82,000 |
| B-HNI (Minimum) | 8 | 8,000 | 10,08,000 |
Promoter Holding: Purple Wave Infocom Ltd.
Promoters’ shareholdings breakdown of Purple Wave Infocom Ltd., Mr Manoj Kumar Singh, Sandhya Singh and Ananya Singh, are stated below, before and after the IPO.
| Pre-Issue Holding | 98.52% |
| Post-Issue Holding | – |
Purple Wave Infocom IPO Anchor Investors Details
The reservation details pertaining to the allocation for anchor investors in this IPO should be reviewed.
| Bidding Date | 27 November 2025 |
| Shares to be Offered | 6,34,000 Shares |
| Anchor Investor Portion Size (In Cr.) | ₹7.99 crore |
| Lock-in period expiry for 50% of the shares (30 Days) | 2 January 2026 |
| Lock-in period expiry of the remaining shares (90 days) | 3 March 2026 |
Purple Wave Infocom IPO Prospectus
Refer to the official filings submitted to SEBI listed below for more insights into the Purple Wave Infocom IPO.
About Purple Wave Infocom Ltd.
| Founded in | 19 November 2007 |
| Chairman & Managing Director | Manoj Kumar Singh |
| Parent Organisation | – |
| Services/Products Provided | Digital PRO AV integration, distribution, and post-sales support |
| Book running lead managers | Smart Horizon Capital Advisors Private Limited |
| Registrar of the issue | Maashitla Securities Private Limited |
Objectives of the Purple Wave Infocom IPO
Purple Wave Infocom Ltd. plans to utilise the funds raised through the fresh issue as shown in the table below.
| Particulars | Amount (in ₹ lakh) |
| Funding for purchasing an office space-product display area | 1,291.02 |
| Payment of borrowings | 1,000.00 |
| General corporate purpose | – |
Purple Wave Infocom Ltd.: Strengths
- Wide product portfolio: The company offers end-to-end PRO AV and automation solutions, which help them to serve B2B, B2C, and government clients across multiple sectors.
- Strong presence across customer segments: The company serves corporates, government bodies, education institutions, retail, places of worship, home-theatre users, and outdoor advertising agencies, which reduces reliance on a single customer category.
- Experienced promoters and a skilled technical team: The company benefits from the long-standing industry experience of its promoters, supported by a skilled set of technical and sales workforce that strengthens execution capability and client relationships.
- Multi-vertical revenue model: The company’s revenue mostly comes from the AV integration projects, direct product sales, and after-sales AMC services, which creates a recurring income component, while lowering dependence on one vertical.
Purple Wave Infocom Ltd.: Risks
- Reliance on Tender-Based Contracts: The company’s large portion of the business depends on winning corporate and government tenders, and missing out on future bids could directly affect its revenue.
- Region-Specific Slowdowns: The company’s meaningful share of operations and earnings comes from particular geographic areas, and any local economic or political disruption in these areas may influence their overall performance.
- Risks Linked to Product Quality and Warranty: The company works with advanced AV hardware, and any defects, warranty claims, or potential product recalls could lead to financial losses and reputational damage.
- Dependence on Warehouse Operations: If the company’s warehouses face any interruptions, whether due to operational issues or unforeseen disruptions, it could delay supplies, stall projects, and affect customer commitments.
Purple Wave Infocom IPO Review
Purple Wave Infocom has shown strong revenue growth, improving profit margins, and a sharp jump in return ratios over the last three years. Its multi-vertical model, experienced management, and solid presence across corporate, institutional, and government clients add strength.
However, the high entry costs for retail investors, dependence on tender-based projects, and regional risks introduce notable concerns. And, with the IPO GMP at ₹0, listing gains are uncertain. The investors with a higher risk appetite and a medium-term view might prefer this IPO.
Other Recent IPO List
Explore the latest list of Indian IPOs, including those currently open for subscription and those scheduled to launch in 2025:
| SSMD Agrotech IPO | Oyo IPO |
| Gallard Steel IPO | Capillary Technologies IPO |
| Sudeep Pharma IPO | Fujiyama Power Systems IPO |
| Excel Technologies IPO | Workmates Core2Cloud IPO |
Purple Wave Infocom IPO FAQs
The Purple Wave Infocom IPO is a book-built SME issue of 24,96,000 fresh equity shares worth ₹31.45 crore, listed on the BSE SME platform.
The investors can apply through their broker or trading app using the ASBA or UPI-based bidding process during the subscription window from 28 November to 2 December 2025.
Purple Wave Infocom Ltd. shows strong financial growth and expanding margins, but also carries risks such as tender dependence and regional risks, and with a GMP at ₹0, the IPO suits investors willing to take calculated risks.
As of 25 November 2025, the IPO GMP is ₹0, indicating no expected listing gain based on current grey market sentiment.
The Purple Wave Infocom IPO is set to open on 28 November 2025 and will close on 2 December 2025.
The Purple Wave Infocom IPO lot size contains 1,000 shares. The minimum retail application requires 2 lots (2,000 shares), amounting to ₹2,52,000 at the upper price band.
The Purple Wave Infocom IPO is scheduled to be finalised on 3 December 2025.
The Purple Wave Infocom IPO is proposed to list on the BSE SME on 5 December 2025.
