Purple Wave Infocom IPO Details
RHP/DRHPIssue Date
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IPO Size
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Schedule of Purple Wave Infocom IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Purple Wave Infocom IPO
The offer consists of a fresh issue component. The fresh issue will include up to 24,96,000 equity shares. The total number of shares and aggregate amount are yet to be finalised. The price band is TBA. The lot size is TBA.
The opening date is TBA. The lot size is TBA. The listing date is TBA. The allotment date is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Purple Wave Infocom Limited is involved in providing digital PRO AV (professional audio-video) solutions, including system integration, distribution, and post-sales support. Their business is driven by an experienced sales and technical team that ensures proficient handling of all aspects, from installation and connectivity to programming and after-sales services. They also maintain sourcing arrangements from their identified vendors to supply projectors, screens, LED displays, automation controllers, cables, and more, ensuring comprehensive solutions for their customers. Currently, they sell their products and provide their solutions across India. They also provide automation solutions and supply their products to countries such as Singapore, Maldives, Qatar and Bangladesh. They operate their business from their registered office in Delhi and 2 branch offices situated in Bengaluru and Assam. Furthermore, they have warehouses situated at Delhi, Manesar and Bhiwandi and a service centre situated in Delhi.
Objectives of Purple Wave Infocom IPO
- Funding capital expenditure requirements of the company towards purchasing an office space-cum-product display area.
- Repayment/prepayment of certain borrowings availed by the company.
- General corporate purposes.
Purple Wave Infocom IPO Valuation
Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Industry Outlook
The Indian electronics manufacturing industry is projected to reach US$52,000 crores by 2025. The demand for electronic products is expected to rise to US$40,000 crores by FY25 from US$3,300 crores in FY20. The electronics system market is expected to witness 2.3x demand of its current size (FY19) to reach US$16,000 crores by FY25. The top products under the ESDM sector with the highest CAGR include IT/OA at 54%, followed by industrial electronics at 38% and automotive electronics at 10%.
Local electronics design and production are being positively influenced by ongoing domestic consumption, changing dynamics in the global supply chain, and a plethora of policy initiatives to assist indigenous manufacturing in the current period is most advantageous. The smooth implementation of new initiatives and the reversal of restrictive laws will go a long way towards boosting international business confidence in India's business environment and attracting manufacturing investments.
In India, Sony, Samsung, LG Electronics, Panasonic, and other companies are the market leaders in the ESDM (Indian Electronics System Design & Manufacturing) sector. Government efforts are concentrated on bridging the digital divide. Projects like "Digital India", "Smart Cities", "ePanchayats", "National Optical Fibre Network", etc. have enhanced consumer demand for electronic goods around the nation. India's middle class is rapidly expanding, which has improved the affordability of electronic products. The demand for electronic goods has increased as consumers' preferences for products and devices with smart technology (like smart LED TVs) and inventive designs have changed and disposable incomes have increased. The continuous rise in personal disposable income in India increased to reach 2,410 in FY23, which is directly correlated with consumers' desire to spend money on electronics.
Company Information
Established in 2007, Purple Wave Infocom Limited is engaged in the business of digital PRO AV (professional audio-video) integration, post-sales support and distribution. Audio video (AV) integration involves the combination of audio, video, and control systems into a unified solution. They provide end-to-end customised digital PRO AV and automation solutions which include designs, integration, management & on-site support including cloud-based communication and automation solutions for organisations across the country and in overseas markets. Their technological solutions redefine communication, connectivity and creative synergy. They excel in designing and implementing customised AV solutions for corporate boardrooms, organised retail digital branding, indoor & outdoor advertising, smart classrooms, government projects, places of worship, home theatres, experience centres and other industries. They also offer value-added services such as content management service – in Software as a Service (SaaS) model, a cloud-based tool that helps users create, store, edit and publish digital content on their screens. They offer live streaming and content management services through "Streampurple".
In addition to integration, they are also engaged in direct selling and distribution of PRO AV products including but not limited to active LED screens (indoor/outdoor), professional display screens (touch/non-touch screens), digital signage screens, electronic shelf labels (ESL), digital podiums, video conferencing cameras, processors, media players, speakers, microphones, amplifiers, unified communication (UC) devices, hearing assistive devices, mounts, cables and accessories.
They also offer after-sales value-added services including annual maintenance contracts (AMC) for technical support, repair & maintenance services of AV infrastructure to ensure optimal product performance and customer satisfaction.
Strengths of Purple Wave Infocom IPO
- Wide product portfolio having applications across various customer segments.
- Well-established relationship with clients.
- Leveraging the experience of their Promoters and Directors.
- Wide geographical reach.
Risks of Purple Wave Infocom IPO
- Any disruption in supply or price volatility of products.
- Any disruption or shutdown of their warehouse facilities.
- Dependence on third-party transportation providers.
- Dependence on foreign exchange control regulations as they are dependent on third-party suppliers for procuring their products.
Purple Wave Infocom IPO Financials
Anchor Investor Bidding Date: TBA
Registrar: Maashitla Securities Private Limited
Book Running Lead Managers: Smart Horizon Capital Advisors Private Limited
Purple Wave Infocom Business Model
The company earns its revenue through the following: Providing end-to-end customised digital PRO AV and automation solutions which include designs, integration, management & on-site support including cloud-based communication and automation solutions for organisations across the country and in overseas markets.
Purple Wave Infocom Company Growth Trajectory
The company's total income increased by 27.83% from ₹70.44 crore in fiscal 2023 to ₹90.04 crore in fiscal 2024. This was attributable to an increase in revenue from operations from ₹70.11 crore in fiscal 2023 to ₹89.91 crore in fiscal 2024.
Revenue from operations increased by 28.23% from ₹70.11 crore in fiscal 2023 to ₹89.91 crore in fiscal 2024. Their revenue from operations consisted of sales of goods and services. Their other business/operating income decreased by 60.09% from ₹0.32 crore in fiscal 2023 to ₹0.13 crore in fiscal 2024, primarily due to a decrease in balances written off from ₹0.30 crore in fiscal 2023 to ₹0.09 crore in fiscal 2024.
Profit after Tax (PAT) for fiscal 2024 was reported at ₹5.44 crore compared to ₹0.66 crore in fiscal 2023. Profit has increased by ₹4.78 crore and by 725.15% from fiscal 2023
Purple Wave Infocom Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 90.03 | 70.43 | 56.43 |
Profit Before Tax (in ₹ crores) | 7.29 | 0.91 | 0.41 |
Profit After Tax (in ₹ crores) | 5.43 | 0.65 | 0.29 |
EPS (Basic) ₹ | 8.06 | 0.98 | 0.43 |
EBITDA (in ₹ crores) | 8.30 | 1.99 | 1.12 |
Purple Wave Infocom Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 7.29 | 0.91 | 0.41 |
Net Cash from Operating Activities (₹ crores) | -4.82 | 3.89 | -0.82 |
Net Cash from Investing Activities (₹ crores) | -0.15 | -0.37 | -0.33 |
Net Cash from Financing Activities (₹ crores) | 3.27 | -2.22 | 1.74 |
Net Cash & Cash Equivalents (₹ crores) | 0.66 | 2.37 | 1.08 |
How to check allotment status of Purple Wave Infocom IPO?
Visit the Registrar's Website
To check the IPO allotment status for Purple Wave Infocom Limited IPO, visit the official website of Maashitla Securities Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps
- Select 'Equity' from the dropdown menu
- Choose 'Purple Wave Infocom Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search' Your Purple Wave Infocom Limited IPO allotment status will be displayed.
Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Purple Wave Infocom Limited IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Application number
- PAN Then click 'Submit'. Your Purple Wave Infocom Limited IPO bid and allotment details will be displayed.
How to apply for Purple Wave Infocom IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Purple Wave Infocom IPO FAQs
Where can I read more about Purple Wave Infocom business?
You can read more about Purple Wave Infocom and its IPO from the company’s red herring prospectus (RHP) here.
What is the Purple Wave Infocom IPO?
Purple Wave Infocom Limited's IPO consists of a fresh issue of up to 24,96,000 equity shares. The total offer size is up to 24,96,000 equity shares as well.
Is Purple Wave Infocom IPO coming?
Yes, Purple Wave Infocom Limited is expected to come up with its IPO soon.
Who is the Chairman of Purple Wave Infocom IPO?
Manoj Kumar Singh is the Chairman of Purple Wave Infocom Limited.
What is the lot size of shares of Purple Wave Infocom IPO?
The company hasn’t given any information on the lot size yet.
