Purple Wave Infocom IPO: GMP among key details to know before subscription

Synopsis Purple Wave Infocom’s ₹31.45 crore SME IPO opened on Friday with no grey-market premium, indicating a neutral debut. The issue, priced at ₹120–126 per share, is a fully fresh offer of 24.96 lakh shares and closes on December 2. Retail investors must bid for at least 2,000 shares, costing ₹2.52 lakh at the upper band. Allotment is due on December 3, with listing on December 5 on the BSE SME platform. Purple Wave Infocom opened its Rs 31.45 crore SME IPO for subscription on Friday, entering the market without any noticeable premium in the grey market. The GMP has remained at 0%, signalling a neutral start as investors assess the company’s growth profile, financials and sector positioning. The offer will remain open until December 2, with allotment scheduled for December 3 and listing on December 5 on the BSE SME platform. The company has set a price band of Rs 120–126 per share. Retail investors must apply for a minimum of 2,000 shares, which amounts to an entry cost of Rs 2.52 lakh at the upper band. The issue is entirely a fresh offering of 24.96 lakh shares, and post-issue, the company’s share capital will expand from 67.5 lakh shares to 92.46 lakh shares. Smart Horizon Capital Advisors is managing the issue, and Maashitla Securities is the registrar. Out of the total shares on offer, 35.10% is allocated to retail investors, 15.14% to non-institutional investors and 44.63% to QIBs. A day before the IPO opened, the company raised Rs 7.99 crore from anchor investors, with 6.34 lakh shares allotted in the anchor round. The first tranche of the anchor lock-in ends on January 2, 2026. Purple Wave Infocom, incorporated in 2007, operates in the professional audio-video (PRO AV) technology segment. The company provides integrated end-to-end AV solutions ranging from equipment sales and system design to installation, cloud-based content management and on-site support. Live Events It caters to both domestic and international clients across corporate, institutional and government sectors. The company also offers after-sales services such as repair, technical assistance, and annual maintenance contracts, which support recurring revenue streams. The company manufactures a wide range of AV products, including LED displays, speakerphones, USB cameras, digital podiums, amplifiers, kiosks and professional display systems. Its proprietary platform, Streampurple, enables cloud-based live streaming and digital content management. Financially, Purple Wave has posted robust growth over the past three years. Revenue rose 40% in FY25 to Rs 126.15 crore, while net profit jumped 68% to Rs 9.12 crore. For the quarter ended June 2025, the company reported revenue of Rs 35.91 crore and profit of Rs 3.58 crore. The company plans to use IPO proceeds to purchase a new office space and product display centre, repay a portion of existing borrowings and support general corporate needs. The investment in physical infrastructure is aimed at enhancing its B2B customer experience and expanding its national footprint in the AV integration space. While the GMP is currently at 0%, indicating limited early buzz, the strong financial trajectory, expanding product portfolio and growth in the AV technology integration market are expected to drive investor attention as bidding progresses. The IPO's performance over the next few days will depend on retail participation and overall sentiment in SME offerings, which have seen mixed listing outcomes in recent weeks. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless Why Leyland and Iveco stand between Tata Motors and return to glory You bought IPOs of loss makers; check out what kind of companies are lining up How glitches-hit Air India is preparing for a take off India’s SIP boom has a hidden crisis: Are high dropout rates impacting wealth creation? Stock Radar: AB Capital stock in a sustained uptrend, hits fresh record high in November – time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus 1 2 3