The initial public offering of Purple Wave Infocom commenced for public subscription today, marking a significant milestone for the digital audio-visual solutions provider. The company aims to raise funds through this fresh issue to accelerate its growth trajectory in the rapidly evolving digital infrastructure space.
IPO Key Details and Timeline
The ₹31.45 crore SME IPO consists entirely of a fresh issuance of 25 lakh shares with no offer for sale component. Investors can subscribe to the public issue until Tuesday, December 2, with the price band fixed between ₹120 and ₹126 per equity share.
The basis of allotment is expected to be finalized on Wednesday, December 3, while successful applicants will likely receive shares in their demat accounts on Thursday, December 4. Refunds for unsuccessful applicants will be processed on the same day. The company is scheduled to list on BSE SME platform on Friday, December 5.
Fund Utilization and Company Performance
Purple Wave Infocom plans to deploy the net proceeds from the fresh issue toward multiple strategic initiatives. The allocation includes covering cloud infrastructure expenses, investment in research and development of products and platform, purchase of essential computer systems, and supporting inorganic expansion through acquisitions.
The company demonstrated strong financial performance with revenue increasing to ₹126.15 crore in 2025 from ₹90.04 crore in 2024, representing impressive year-on-year growth. Profitability also showed significant improvement, rising to ₹9.12 crore in 2025 compared to ₹5.44 crore in the previous year.
Investor Allocation and Market Sentiment
The IPO allocation follows a structured pattern with 44.63% reserved for qualified institutional buyers, while retail investors get 35.10% of the total net offer. Non-institutional investors have been allocated the remaining 15.14%.
Investors should note that the IPO lot size is set at 1000 shares, requiring a minimum investment of 2 lots for retail participants. At the upper price band of ₹126, the minimum investment amounts to ₹2.52 lakh.
Market sentiment appears cautious as the grey market premium stood at ₹0 on November 28, indicating the stock might debut at the same price as the IPO. The company had previously secured ₹7.99 crore from anchor investors ahead of the public issue launch.
Smart Horison Capital Advisors is acting as the book-running lead managers for the IPO, while Maashitla Securities Pvt Ltd serves as the registrar. Incorporated in 2007, Purple Wave Infocom specializes in providing end-to-end professional audio-video equipment and automation solutions across India and international markets.
