Updated on 25.11.2025 @ 13:10 PM
Purple Wave Infocom Limited is launching its Initial Public Offering (IPO) on the BSE SME platform.
It is a Delhi-based digital PRO AV (professional audio-video) integration and distribution company,
The subscription for this public issue will open on November 28, 2025, and close on December 2, 2025.
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The company aims to raise up to ₹31.45 crores through a 100% fresh issue of shares.
The price band has been fixed at ₹120 to ₹126 per share, with a minimum lot size of 1,000 shares.
Purple Wave Infocom has demonstrated a spectacular surge in profitability and is attractively priced, but this is accompanied by a very high customer concentration risk.
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In this article, you will find Purple Wave Infocom IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
briefs of Purple Wave Infocom IPO Details
- Price Band: ₹120 to ₹126 per share
- IPO Open / Close Dates: November 28, 2025 – December 2, 2025
- Lot Size: 1,000 Shares
- Issue Size: 24,96,000 shares (aggregating up to ₹31.45 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Maashitla Securities Pvt.Ltd.
- Listing Exchange: BSE SME
What is the Purple Wave Infocom IPO GMP Today?
- Note: The shares of Purple Wave Infocom are not currently trading in the grey market. The Grey Market Premium (GMP) is an unofficial indicator that reflects market sentiment and typically becomes active closer to the IPO opening date.
What Are The kEY Purple Wave Infocom IPO Dates & Allotment Schedule?
- IPO Open & Close Date: November 28, 2025 – December 2, 2025
- Basis of Allotment Date: December 3, 2025
- Refund Initiation Date: December 4, 2025
- Credit of Shares: December 4, 2025
- Listing Date: December 5, 2025
What Are The Objectives of Purple Wave Infocom IPO?
The company intends to utilise the net proceeds from the public offering for its expansion and to strengthen its balance sheet:
- Capital Expenditure (₹12.91 Crores): For the purchase of an office space and product display area to enhance its professional image and drive sales.
- Repayment of Borrowings (₹10.00 Crores): A significant portion is allocated to reduce its outstanding debt, which will lower finance costs and improve profitability.
- General Corporate Purposes: The balance amount will be used for other strategic and day-to-day business requirements.
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How is The Financial Performance of Purple Wave Infocom?
(Amounts in ₹ Crores
Particulars | Period Ended June 30, 2025 | Year Ended March 31, 2025 | Year Ended March 31, 2024 | Year Ended March 31, 2023 |
Total Income | 35.91 | 126.15 | 90.04 | 70.44 |
Profit After Tax (PAT) | 3.58 | 9.12 | 5.44 | 0.66 |
EBITDA | 5.24 | 13.94 | 8.31 | 2 |
Net Worth | 20.88 | 17.3 | 8.18 | 2.75 |
Reserves and Surplus | 14.13 | 10.55 | 6.68 | 1.25 |
Total Borrowing | 14.91 | 14.73 | 11.03 | 6.9 |
Source: RHP
Revenue graphical Details FY23-25
profit After Tax Details FY23-25
eBITDA Details FY23-25
total Borrowing Details FY23-25
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What is The P/E Ratio & Peer Comparison
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹13.50, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 9.3x at the upper end of the price band (₹126).
P/E Ratio = ₹126 (Price) / ₹13.50 (Earnings Per Share)
P/E Ratio ≈ 9.3x
To put this in context, let's compare it to its listed peer, PRO FX Tech Limited.
| Company Name | P/E Ratio | Revenue (FY25, ₹ Cr) | RoE (%) (FY25) | PAT Margin (%) (FY25) |
| Purple Wave (at IPO price) | ~9.3x | ₹126.02 Cr | 71.54% | 7.23% |
| PRO FX Tech Ltd | 9.05x | ₹129.38 Cr | 39.66% | 9.46% |
Analysis for Investors:
The comparison shows that the Purple Wave Infocom IPO is being offered at a very attractive valuation, almost in line with its peer, despite having a significantly higher Return on Equity (RoE). This fair pricing, coupled with its explosive growth, could leave a good upside for investors.
Industry Outlook
Purple Wave operates in the high-growth digital PRO AV and automation sector. It provides end-to-end solutions for corporate boardrooms, smart classrooms, retail displays, and home theatres. As India's economy digitizes, the demand for sophisticated audio-video integration is surging across all sectors, from government and education to corporate and entertainment.
What Are The Strengths and Risks of Purple Wave Infocom IPO?
Strengths:
- Spectacular Financial Growth: The company has a proven track record of rapidly growing revenues and explosive profit growth.
- High Profitability and Return Ratios: Exceptionally high RoE and expanding margins indicate a highly efficient business model.
- Attractive Valuation: The IPO is priced at a very reasonable P/E multiple, in line with its peer, despite superior return ratios.
- Experienced Promoters: The leadership team has a strong background in the AV integration industry.
Risks:
- Extreme Customer Concentration: This is the single biggest red flag. The top 5 customer accounts account for over 68% of the company's revenue. The loss of a single major client could have a severe impact on the business.
- Geographical Concentration: A significant portion of the company's revenue (over 46%) comes from Delhi, making it vulnerable to regional disruptions.
- Lack of Long-Term Contracts: The company operates on a purchase order basis and lacks firm, long-term agreements with its key customers.
- SME Segment Risks: The stock will be listed on the BSE SME platform, which typically has lower liquidity and higher price volatility.
What Are The Expert Recommendations – Should You Apply?
Subscribe with Caution (For High-Risk Investors)
The Purple Wave Infocom IPO is a classic dilemma: spectacular growth at an attractive valuation versus a massive, underlying risk of customer concentration.
- For Risk-Averse Investors: AVOID. The extreme dependence on a few clients is a deal-breaker for any conservative investor.
- For Aggressive Investors: The financial numbers and valuation are too compelling to ignore. At a P/E of around 9.3x, the pricing is very attractive for a company with such high growth and margins. This is a high-risk, high-reward bet on the company's ability to retain its major customers.
- Our View: The IPO is a double-edged sword. The growth story is fantastic, and the pricing is very attractive. However, the concentration risk is equally potent. We recommend a "Subscribe with Caution" rating, strictly for high-risk investors who understand and are comfortable with the company's heavy reliance on its top clients.
Key Takeaways
- IPO Price Band: ₹120 to ₹126 per share
- Lot Size: 1,000 Shares (Note: The minimum application for retail investors is for 2 lots or 2,000 shares, costing ₹2,52,000, which falls into the sHNI category).
- GMP Today: ₹0 (Not trading)
- Allotment & Listing Dates: Tentative listing on December 5, 2025.
- Recommendations of experts: A high-risk issue. Subscribe with caution, suitable only for aggressive investors due to the extreme customer concentration risk, despite the attractive financials and valuation.
FAQs on Purple Wave Infocom IPO
What is Purple Wave Infocom IPO price band?
The price band for the IPO is set at ₹120 to ₹126 per equity share.
What is Purple Wave Infocom IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Wednesday, December 3, 2025.
How to check Purple Wave Infocom IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
What is Purple Wave Infocom IPO listing date?
The company's shares are tentatively scheduled to be listed on the BSE SME platform on Friday, December 5, 2025.
Should I apply for Purple Wave Infocom IPO?
This is a high-risk proposition. While the company's financial growth is impressive and the valuation is attractive, its extreme dependence on a few clients is a major risk. A subscription is recommended only for investors with a high-risk appetite.
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Disclaimer:
Not financial advice. Please consult your advisor before making any investment decisions.
