Purple Wave Infocom IPO Opens Today; Anchor Investors Pick Up 6.34 Lakh Shares At Rs 126

Mumbai, November 28th, 2025: Purple Wave Infocom Limited IPO has launched its initial public offering (IPO) for retail and institutional investors today, marking a key step in its business expansion. Ahead of the public launch, the company secured strong investor support through its Anchor Book Round on November 27, 2025, with 6,34,000 equity shares allotted at ₹126 per share, the upper end of the price band.

Founded in 2007, Purple Wave Infocom delivers professional audio-visual solutions, including automation of digital audio/video systems, cloud communication services, and live streaming solutions. Headquartered in Delhi, with multiple warehouses and storage facilities across India, the company serves corporate, government, retail, educational, and entertainment sectors both domestically and internationally.

Purple Wave Infocom Strong Anchor Investor Participation

The anchor portion attracted four investors who took up the entire allocation. Viney Growth Fund, Finvestra, First Sunrise Investment Opportunities Fund, and CCV Emerging Opportunities Fund I subscribed to significant portions of the allotment at ₹126 per share. The company confirmed that no mutual fund schemes participated in the anchor round.

Purple Wave Infocom IPO Subscription Window and Structure

The Purple Wave Infocom IPO will remain open from November 28 to December 2, 2025. The issue size totals ₹31.45 crore, with a price band of ₹120–₹126 per share and a minimum lot size of 1,000 shares. Key dates for allotment finalisation, refund initiation, and crediting of shares to investors are scheduled between December 3 and December 4, with the stock set to list on NSE Emerge on December 5.

Purple Wave Infocom Planned Utilization of IPO Funds

Proceeds from the IPO will be deployed to support the company’s growth and operational goals. A major portion will be invested in developing office space and a product display area. Another share will be used for repayment or prepayment of borrowings, while the remaining funds will support general corporate purposes and strengthen operational capabilities.

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