Purple Wave Infocom Ltd IPO
Status: Closed
Overview
IPO date
28 Nov 2025 to 02 Dec 2025
Face value
₹ 10 per share
Price
₹ 120 to ₹126 per share
Issue Size
2,496,000 shares
(aggregating up to ₹ 31.45 Cr)
(aggregating up to ₹ 31.45 Cr)
Allotment Date
03 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Entertainment
Objectives of Purple Wave Infocom Ltd IPO
Purple Wave Infocom Ltd IPO Strategy
About Purple Wave Infocom Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Purple Wave Infocom Ltd
Know the pros & cons
Strengths
Wide product portfolio having applications across various customer segments.- Well established relationship with clients.
- Leveraging the experience of our Promoters and Directors.
- Wide geographical reach.
Risks
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with
any of these customers may have a material adverse effect on the company profitability and results of operations.
- The Company has not entered into any long-term contracts with its customers and the company typically operates on the basis
of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and
profitability.
- Its business and profitability heavily relies on the consistent and timely availability of products. Any disruption in
supply or price volatility of these products can negatively impact its operations and financial health. Additionally,
the company dependence on third-party suppliers, without firm supply commitments or exclusive arrangements, poses a risk.
The loss of any suppliers could adversely affect its business, operational outcomes, and financial condition.
- Its future growth is dependent upon the company ability to identify and maintain new products, technologies and customers
that achieve market acceptance with acceptable margins.
- Its business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their
brands and maintaining standard quality products including launching new AV (Audio-Video) products at regular
intervals.
- Most projects the company operate have been awarded primarily through a competitive bidding process and its financial
performance is largely dependent on the company successful bidding for new projects. Its may not always be able to qualify
for, compete and win projects. If the company is not able to successfully bid for new projects, it may adversely affect its business
operations and financial conditions.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business,
reputation and results of operations.
- Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
- There are certain discrepancies/errors/delay filings noticed in some of its corporate records relating to forms filed
with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any
regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the
financial position of the Company to that extent.
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash
flow could impact its growth and business.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory
auditor of the Company.
- Its revenue is heavily reliant on the company operations within certain geographical regions. Any adverse developments, such
as economic downturns, political instability, or natural disasters, in these regions could significantly impact its
revenue and overall financial performance.
- The company could be subject to product liability claims, refunds and recalls or return of products, warranty claims which may
have a material adverse impact, in which case its business and revenues, and ultimately the company reputation, could be
negatively affected.
- Any disruption or shutdown of its warehouse facilities, could adversely affect the company business, results of operations and
financial condition.
- The Company has entered into related party transactions in the past and may continue to enter into related party
transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Its business and results of operations are dependent on the contracts/ purchase orders that the company enter into. Any breach
of the conditions under these contracts/ purchase orders may adversely affect its business and results of operations.
- Its funding requirements and the proposed deployment of Net Proceeds have not been appraised by a public financial
institution or a scheduled commercial bank and its management will have broad discretion over utilization of the Net
Proceeds.
- The company does not own the registered office, branch offices, warehouse, service centre from which its carry out the company business
activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and
results of operations can be adversely affected.
- There may be potential conflict of interests between the Company and other venture or enterprises promoted by its
promoters or directors.
- The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain
additional financing on terms favourable to it or at all could have an adverse impact on its financial condition.
Further, certain of its financing agreements involve variable interest rates and an increase in interest rates may
adversely affect the company results of operations and financial condition. If the company is unable to raise additional capital, its
business and future financial performance could be adversely affected.
- Currently the Company has no experience centres for display of its products..
- The Company's customers operate in various industry segments/verticals and fluctuations in the performance of the
industries in which the customers operate may result in a loss of customers, a decrease in the volume of work
undertake or the price at which the company offer its products.
- Its may seek to expand the company product portfolio and target emerging product areas. If such products does not witness
demand that the company expect them to, its business and results of operations may be adversely affected.
- Its historical performance is not indicative of the company future growth or financial results and its may not be able to sustain
or increase the company historical growth rates.
- The company is dependent on third-party transportation providers for the delivery of products distributed and traded by it.
- The Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuation.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a
material adverse effect on its business.
- The company is exposed to credit risk from its customers and the recoverability of the company trade receivables is subject to
uncertainties.
- Its operations requires a significant amount of working capital. Any inability to meet the company working capital
requirements may adversely affect its business, financial condition, cash flows and results of operations.
- Any IT system failures or lapses on part of any of its employees may lead to operational interruption, liabilities or
reputational harm.
- The markets the company serve are subject to cyclical demand and vulnerable to economic downturn, which could harmour
business and make it difficult to project long-term performance.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately
report, its financial risks. Despite the company internal control systems, its may be exposed to operational risks, including
fraud, petty theft and embezzlement, which may adversely affect the company reputation, business, financial condition, results
of operations and cash flows.
- Its expansion into product categories and business verticals and increase in the number of products offered may
expose the company to new challenges and more risks.
- The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its
business and in case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and
approvals required to operate the company business it may have a material adverse effect on its business.
- The Company is not having any exact comparable Indian peer which have similar business to the Company.
- The company depends on skilled personnel and if the company is unable to recruit and retain skilled personnel, its ability to operate or
grow its business could be affected. Further the company may be subject to employee unrest, slowdowns and increased wage
costs, which may have an adverse effect on its business, operations, the company cash flow and financial condition.
- Its success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial
Personnel and Senior Management as well as its ability to attract and retain them. Any loss of the company Promoter,
Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them could adversely
affect its business, financial condition and results of operations.
- The company faces substantial and increasingly intense competition in the AV (Audio-Video) Industry & Automation Industry.
If its unable to compete effectively, its business, financial condition, results of operations and prospects would
be materially and adversely affected.
- Adverse publicity regarding any product we sell could negatively impact it.
- The trademark PURPLEWAVE is originally registered in the name of its Group Company M/s. Purplewave India
Private Limited. The Company has acquired the same on the basis of a trademark assignment agreement dated July
12, 2024.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial
condition.
- The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing
agreements could adversely affect its business and financial condition.
- Its Promoter, members of Promoter Group and director have mortgaged their properties and provided personal
guarantees to certain loan facilities availed by it, which if revoked may requires alternative guarantees, repayment of
amounts due or termination of the facilities.
- Its Promoters and promoter group members are interested in the Company's performance in addition to their
remuneration and reimbursement of expenses.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any
shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Its ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital
requirements, capital expenditures and other factors.
- The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian
economy and industry in which the company operates contained in the Red Herring Prospectus.
- Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company
after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Its future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial
to the interest of the shareholders depending upon the terms on which they are eventually raised.
- The average cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
- The Promoters and Executive Directors of the Company does not have experience of being a director of a public listed
company.
Purple Wave Infocom Ltd Peer Comparison
Understand the company’s industry standing
Purplewave Infocom Limited
PRO FX Tech Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
---
---
EPS-Basis
13.5
9.51
EPS-Diluted
13.5
9.51
NAV Per Share
25.63
28.68
P/E-Basic EPS
---
9.05
P/E-Diluted EPS
---
---
RONW(%)
52.69
33.17
Latest NAV Period
---
---
Latest NAV
---
---
How to check the allotment status of Purple Wave Infocom Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 28 Nov 2025 & closes on 02 Dec 2025.
Purple Wave Infocom Limited was originally incorporated under the name 'Purple Wave Infocom Private Limited' dated November 19, 2007, issued by the Asst. Registrar of Companies, Delhi and Haryana. Subsequently the status of the Company was changed to public limited and the name was changed to 'Purple Wave Infocom Limited' on August 08, 2024, issued by Registrar of Companies, Central Processing Centre via fresh certificate of incorporation.
Company is engaged in the business of digital PRO AV (professional audio-video) integration, post-sales support and distribution. It provide end-to-end customised digital PRO AV and automation solutions including designs, integration, management & on site support including cloud-based communication and automation solution for organizations across the country and in overseas market. It offer value added services such as content management service - in Software as a service (SaaS) model, a cloud-based tool that helps users create, store, edit and publish digital content on their screens. It excel in designing and implementing customized AV solutions for corporate boardroom, organised retail digital branding, indoor & outdoor advertising, smart classroom, government projects, place of worship, home theatre, experience centre and other industries. It is offering live streaming and content management services through 'Streampurple'.
Audio video (AV) integration involves the combination of audio, video, and control systems into a unified solution. Technological solutions re-define communication, connectivity and creative synergy. In addition to audio integration, Company also engaged in direct selling and distribution of PRO AV products including active LED screens (indoor/outdoor), professional display screens (touch / non-touch screens), digital signage screens, electronics shelf labels (ESL), digital podium, video conferencing cameras, processors, media players, speakers, mics, amplifiers, unified communication (UC) devices, hearing assistive device, mounts, cables and accessories. It is also offering after-sales value added services includes annual maintenance contract (AMC) for technical support, repair & maintenance services of AV infrastructure. RO AV solution helps in aiding the digital transformation across the sectors such as advertising technology (AdTech), education technology (EdTech), unified communication (UC) and AV entertainment & automation.
Company launched the IPO of 24,96,000 equity shares of face value Rs 10 each by raising Rs 31.45 crores on December 2, 2025.
Purple Wave Infocom Ltd IPO will close on 02 Dec 2025.
- Wide product portfolio having applications across various customer segments.
- Well established relationship with clients.
- Leveraging the experience of our Promoters and Directors.
- Wide geographical reach.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Manoj Kumar Singh | 6361938 | 94.25 | 6361938 | 68.81 |
| 2 | Sandhya Singh | 288008 | 4.27 | 288008 | 3.11 |
| 3 | Ananya Singh | 9 | --- | 9 | --- |
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on the company profitability and results of operations.
- The Company has not entered into any long-term contracts with its customers and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
- Its business and profitability heavily relies on the consistent and timely availability of products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, the company dependence on third-party suppliers, without firm supply commitments or exclusive arrangements, poses a risk. The loss of any suppliers could adversely affect its business, operational outcomes, and financial condition.
- Its future growth is dependent upon the company ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.
- Its business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products at regular intervals.
- Most projects the company operate have been awarded primarily through a competitive bidding process and its financial performance is largely dependent on the company successful bidding for new projects. Its may not always be able to qualify for, compete and win projects. If the company is not able to successfully bid for new projects, it may adversely affect its business operations and financial conditions.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
- There are certain discrepancies/errors/delay filings noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- Its revenue is heavily reliant on the company operations within certain geographical regions. Any adverse developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact its revenue and overall financial performance.
- The company could be subject to product liability claims, refunds and recalls or return of products, warranty claims which may have a material adverse impact, in which case its business and revenues, and ultimately the company reputation, could be negatively affected.
- Any disruption or shutdown of its warehouse facilities, could adversely affect the company business, results of operations and financial condition.
- The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Its business and results of operations are dependent on the contracts/ purchase orders that the company enter into. Any breach of the conditions under these contracts/ purchase orders may adversely affect its business and results of operations.
- Its funding requirements and the proposed deployment of Net Proceeds have not been appraised by a public financial institution or a scheduled commercial bank and its management will have broad discretion over utilization of the Net Proceeds.
- The company does not own the registered office, branch offices, warehouse, service centre from which its carry out the company business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.
- There may be potential conflict of interests between the Company and other venture or enterprises promoted by its promoters or directors.
- The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to it or at all could have an adverse impact on its financial condition. Further, certain of its financing agreements involve variable interest rates and an increase in interest rates may adversely affect the company results of operations and financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- Currently the Company has no experience centres for display of its products..
- The Company's customers operate in various industry segments/verticals and fluctuations in the performance of the industries in which the customers operate may result in a loss of customers, a decrease in the volume of work undertake or the price at which the company offer its products.
- Its may seek to expand the company product portfolio and target emerging product areas. If such products does not witness demand that the company expect them to, its business and results of operations may be adversely affected.
- Its historical performance is not indicative of the company future growth or financial results and its may not be able to sustain or increase the company historical growth rates.
- The company is dependent on third-party transportation providers for the delivery of products distributed and traded by it.
- The Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuation.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- The company is exposed to credit risk from its customers and the recoverability of the company trade receivables is subject to uncertainties.
- Its operations requires a significant amount of working capital. Any inability to meet the company working capital requirements may adversely affect its business, financial condition, cash flows and results of operations.
- Any IT system failures or lapses on part of any of its employees may lead to operational interruption, liabilities or reputational harm.
- The markets the company serve are subject to cyclical demand and vulnerable to economic downturn, which could harmour business and make it difficult to project long-term performance.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, its financial risks. Despite the company internal control systems, its may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect the company reputation, business, financial condition, results of operations and cash flows.
- Its expansion into product categories and business verticals and increase in the number of products offered may expose the company to new challenges and more risks.
- The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business and in case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.
- The Company is not having any exact comparable Indian peer which have similar business to the Company.
- The company depends on skilled personnel and if the company is unable to recruit and retain skilled personnel, its ability to operate or grow its business could be affected. Further the company may be subject to employee unrest, slowdowns and increased wage costs, which may have an adverse effect on its business, operations, the company cash flow and financial condition.
- Its success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as its ability to attract and retain them. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them could adversely affect its business, financial condition and results of operations.
- The company faces substantial and increasingly intense competition in the AV (Audio-Video) Industry & Automation Industry. If its unable to compete effectively, its business, financial condition, results of operations and prospects would be materially and adversely affected.
- Adverse publicity regarding any product we sell could negatively impact it.
- The trademark PURPLEWAVE is originally registered in the name of its Group Company M/s. Purplewave India Private Limited. The Company has acquired the same on the basis of a trademark assignment agreement dated July 12, 2024.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect its business and financial condition.
- Its Promoter, members of Promoter Group and director have mortgaged their properties and provided personal guarantees to certain loan facilities availed by it, which if revoked may requires alternative guarantees, repayment of amounts due or termination of the facilities.
- Its Promoters and promoter group members are interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Its ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
- The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian economy and industry in which the company operates contained in the Red Herring Prospectus.
- Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Its future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
- The average cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
- The Promoters and Executive Directors of the Company does not have experience of being a director of a public listed company.
The Issue type of Purple Wave Infocom Ltd is Book Building - SME.
The minimum application for shares of Purple Wave Infocom Ltd is 2000.
The total shares issue of Purple Wave Infocom Ltd is 2496000.
initial public offer of up to 24,96,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Purple Wave Infocom Limited ("the Company" or "Purple Wave" or "the Issuer") for cash at a price of Rs. 126 per equity share including a share premium of Rs. 116 per equity share (the "Issue Price") Aggregating to Rs. 31.45 crores ("the Issue"), of which up to 24,96,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 126 per equity share including a share premium of Rs. 116 per equity share aggregating to
Rs. 31.45 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of up to [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores is herein after referred to as the "net issue". The issue and the net issue will constitute [*] % and [*] % respectively of the post issue paid up equity share capital of the company.