How To Check Purple United Sales IPO Allotment Status — GMP Climbs Ahead Of Listing
Purple United Sales IPO GMP (grey market premium) stood at Rs 72, indicating a strong listing over the upper limit of the price band. The latest GMP projects a listing price of Rs 198 per share.
The share allotment status of Purple United Sales IPO is scheduled to be finalised on Monday, December 16.
The NSE SME issue closed for subscription on December 13. During the three days of bidding, the company's maiden share sale witnessed massive demand from investors across categories.
The IPO was subscribed 160.08 times on the final day of bidding, with investors applying for 27,72,61,000 shares against the 17,32,000 shares on offer.
The Non-Institutional Investors (NIIs) applied for 10,00,57,000 shares against the 3,71,000 shares on offer, subscribing their quota by 269.7 times.
Retail investors placed bids for 13,44,84,000 shares as compared to the 8,66,000 shares on offer. The retail quota was booked 155.29 times.
The Qualified Institutional Buyers (QIBs) subscribed their reserved portion by 86.3 times. The QIBs applied for 4,27,20,000 shares as compared to 4,95,000 shares on offer.
The company aims to raise Rs 32.81 crore through fresh issue of 26.04 lakh shares. Purple United Sales IPO price band was fixed at Rs 121 to Rs 126 per share.
Shares of Purple United Sales are expected to list on the NSE SME platform on December 18.
How To Check Purple United Sales IPO Share Allotment Status On NSE
Visit the allotment status check page of the NSE here.
Log in with your username and password. (Create an account on the NSE to view IPO allotment status)
Select 'Purple United Sales Ltd.' from the dropdown menu.
Verify your PAN details.
Enter the application number for the IPO.
Click submit to check the allotment details.
How To Check Purple United Sales IPO Allotment Status On KFin Technologies
Visit the official website of Kfin Technologies here.
Select any one from the five servers .
Choose 'Purple United Sales Ltd.' from the list of companies.
Enter the Application Number, Demat account number or PAN.
Enter details as per your selection.
Clear Captcha to verify you are a human.
Select Submit to view the status.
Purple United Sales IPO GMP Today
According to InvestorGain, Purple United Sales IPO GMP indicated a listing gain of 59.52% on the upper end of the price band.
Purple United Sales IPO GMP (grey market premium) stood at Rs 75 as of 11:59 am on Monday, indicating a strong listing over the upper limit of the price band. The latest GMP projects a listing price of Rs 201 per share.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of Proceeds
Purple United Sales will use the proceeds from the IPO to meet working capital requirements, open new stores and for general corporate purposes.
About Purple United Sales Ltd.
Purple United Sales Ltd., through its flagship brand Purple United Kids, offers a wide range of clothing, footwear, and accessories for children of all ages. The company uses laboratory-tested, high-quality materials to ensure the best products for kids. In addition to designing, sourcing, marketing, and distributing apparel and footwear for children up to 14 years old, Purple United also sells accessories and hardware, including strollers.
With 17 exclusive stores across 5 states and 10 cities in India, the company also operates 20 shop-in-shop locations within popular retail chains. Its products are available online through its own website as well as major platforms like Flipkart, Amazon, Myntra, Nykaa, FirstCry, Ajio, Hopscotch and others.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
