Purple Wave Infocom IPO To Open On 28 November With Rs 31.45 Crore Fresh Issue

Mumbai, 26 November 2025: Purple Wave Infocom Limited IPO is set to launch its initial public offering (IPO) on 28 November 2025. The subscription window will remain open for five days, closing on 2 December 2025. The company has fixed a price band of ₹120–₹126 per share, with a lot size of 1,000 shares. The IPO comprises a fresh issue of ₹31.45 crore, with the company expected to list on the BSE SME platform on 5 December 2025.

Purple Wave Infocom is a digital solutions provider of Pro AV established in 2007 that provides integration, automation, cloud and post-sales services. It has products such as AV integration, PRO AV products distribution, and value-added services, such as installation, programming, maintenance, and AMC services.

It also provides content management services that are based on its Streampurple platform and live-streaming services. It operates in India and markets outside India, like Singapore, Maldives, Qatar, and Bangladesh, with headquarters in Delhi and has branches in Bengaluru and Assam. The firm supported by warehouses in Delhi, Manesar and Bhiwandi will be listed on NSE Emerge after the IPO.

IPO Details At A Glance

The IPO comprises a fresh issue of ₹31.45 crore. The company is expected to list on the BSE SME platform on 5 December 2025. Retail investors can participate through the UPI system, with the mandate deadline set for 2 December at 5 PM. This IPO provides investors with an opportunity to invest in Purple Wave Infocom, a company operating in the PRO-AV and digital solutions space.

Issue Structure and Utilisation of Proceeds

The company plans to utilise the IPO proceeds for key business requirements. Around ₹12.91 crore (41.03%) will go towards setting up a new office space that includes a dedicated product display area. Another ₹10 crore (31.79%) has been earmarked for repaying or settling existing borrowings. The remaining ₹8.54 crore (27.18%) will be allocated to general corporate purposes, supporting the company’s overall operational needs.

REF: https://www.bsesme.com/download/317978/SME_IPO InPrinciple/DRHPPurpleWaveInfocomLimited_20250521210300.pdf

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