Purple United Sales Limited
- Minimum Investment₹1,21,000
- Price Range₹121 - ₹126
- Issue Size₹32.81 Cr
- Lot Size1000 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Expenditure for opening new stores.
Working capital requirements.
General corporate purposes.
Strengths & Weaknesses of Purple United Sales Limited
Extensive product portfolio
In FY24, Purple United's portfolio featured around 650 styles of garments and footwear for boys and girls across all age categories infants, toddlers, and older children differentiated by design, gender, color, fabric, and artistic elements. The company plans to expand to approximately 690 styles in FY25
In-house design
Purple United boasts a skilled in-house design and merchandising team capable of developing products across all categories, ensuring every item aligns with the brand's core principle of adhering to the "3Fs (Fun, Fashion & Functionality)
Well-positioned in the market
Children aged 0-14 constitute 26% of India's population. Growth in this demographic, coupled with a shift from unorganized to organized markets, is projected to drive expansion in India’s kids' apparel sector
Expansion risks
Expansion plans for opening new stores may face risks such as unexpected delays and cost overruns, impacting timely implementation
Capital intensive
The business relies heavily on working capital and substantial financing. Difficulty in securing favorable financing could increase costs, impose restrictions, or dilute equity, affecting financial performance and share value
Receivable delays
Delays or failures in collecting client receivables could negatively impact the company’s business, financial health, operations, and cash flow
Financials
Earnings Per Share
No Data
Balance Sheet
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Cash Flow
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About Purple United Sales Limited
- PromoterJatinder Dev Seth
- PromoterBhawna Seth
- PromoterManish Dev Seth
- PromoterMonica Seth
- PromoterInnovationM Mobile and Web Technologies Private Limited