About Purple United Sales IPO:

Purple United Sales: In order to collect ₹32.81 crores, Purple United Sales – a well-known fashion firm that specializes in children’s clothing, footwear, and accessories is starting its initial public offering (IPO). Children up to 14 years old can purchase colorful, lab-tested items from the company’s main collection, “Purple United Kids,” which is made of premium materials and appropriate for any occasion.

26.04 lakh new equity shares are part of the book-built Purple United Sales IPO. The price range for each share is ₹121 to ₹126. Investors must have a retail investment of ₹1,26,000 and can apply with a minimum lot size of 1,000 shares. High Net Worth Investors (HNI) are required to invest ₹2,52,000 in a minimum of two lots.

On December 11, 2024, the IPO subscription window will commence, and it will end on December 13, 2024. With a provisional listing date of December 18, 2024, on NSE SME, the allocation is anticipated to be finalized on December 16, 2024. Kfin Technologies Limited is the registrar for this IPO, and Expert Global Consultants Private Limited is the lead manager. An opportunity to invest in a reputable children’s apparel brand is presented by this IPO.

Industry Outlook for Purple United Sales: 

In 2021–2022, the Indian textile and apparel market accounts for 10.33% of India’s export basket, 4% of world trade, and roughly 2% of the nation’s GDP and 7% of industrial production by value. This illustrates the industry’s crucial contribution to the economy in spite of hurdles like declining exports and domestic demand.

In the past two years, sales of athleisure and sportswear have doubled, and the kid’s wear market is expanding due to rising disposable incomes and a growing number of children. This suggests that children’s fashion brands may be able to profit from these trends.

Financial Report of Purple United Sales Company:

Compared to ₹25.71 crore in 2023, the company’s 2024 revenue was ₹42.20 crore. In 2024, the company reported a profit of ₹4.82 crores, compared to ₹1.49 crores in 2023.

Amount ₹ in Crores

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Authored by – Deepa Trivedi

Purple United Sales IPO