Purple Wave Infocom Limited IPO
Purple Wave Infocom Limited IPO
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The Initial Public Offering of Purple Wave Infocom Limited's culminated in its successful listing on 05-12-2025 at the BSE trading platform. The company secured 24,96,000 Shares through this capital market exercise, with 24,96,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹120 to ₹126, with minimum investment requirements of 1000 shares. The subscription period from 28-11-2025 to 02-12-2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 03-12-2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Purple Wave IPO About Company
Incorporated in 2007, Purple Wave Infocom Ltd specializes in the sale and integration of digital professional audio-video (PRO AV) equipment, offering end-to-end solutions such as system design, integration, management, cloud-based communication, automation services, and on-site support for clients across India and international markets. The company also provides value-added after-sales services, including annual maintenance contracts, technical support, and repair and maintenance of AV infrastructure. Its diverse product portfolio includes LED displays, USB cameras, speakerphones, professional LED/LCD displays, digital podiums, amplifiers, speakers, and computer kiosks, complemented by cloud-based content management services and live-streaming tools through its proprietary platform, Streampurple. As of September 30, 2025, Purple Wave Infocom Ltd employs 86 permanent staff.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Purple Wave IPO Strength Factors
- Extensive & Custom-Tailored Product Range: The company provides a wide spectrum of PRO AV and automation solutions, from design and integration to on-site support and cloud-driven communication services. Its offerings serve multiple sectors, including corporate spaces, retail, education, government, hospitality, worship venues, and home theatres.
- Strong Client Loyalty & Repeat Business: Through consistent engagement and personalized support, the company has built long-term relationships that lead to recurring demand for LED screens, professional displays, and audio systems. These established connections boost customer retention and drive steady, sustainable growth.
- Highly Experienced Promoters & Leadership: The company is led by promoters with 28 and 17 years of industry experience, bringing deep technical expertise and long-term vision. Their leadership fosters innovation, supports strategic expansion, and ensures delivery of customized AV solutions across diverse customer segments.
Purple Wave IPO Risk Factors
- No Long-Term Customer Contracts: The company works solely on project-based orders without fixed agreements. Since customers can stop placing orders anytime, this may lead to inconsistent order flow, revenue fluctuations, and pressure on profitability.
- High Dependence on External Suppliers: The company’s operations rely on third-party suppliers for PRO AV products. Any supply delays, price changes, or loss of key vendors—especially in the absence of long-term supply commitments—can affect operations, delivery schedules, and overall financial performance.
- Risks in Market Adoption & Innovation: Continued growth requires the company to innovate, launch new products, and keep pace with changing technologies and customer preferences. Inability to introduce commercially successful products or adapt to market needs may hinder expansion and reduce competitiveness.
Purple Wave IPO Lead Manager(s)
- Smart Horizon Capital Advisors Private Limited
Purple Wave IPO Promoter(s)
- Mr. Manoj Kumar Singh
- Sandhya Singh
- Ananya Singh
Purple Wave IPO FAQs
Purple Wave Infocom Limited IPO subscribed 6.95 times. The public issue subscribed 3.8 times in the retail category,11.85times in QIB, and 9.38 times in the HNI (10+) category byDecember 5, 2025 4:15:00 AM (Day 5).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Purple Wave IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Purple Wave IPO FAQs
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