Purple Wave Infocom
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 05 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹126 | ₹0 |
| 04 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹126 | ₹0 |
| 03 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹126 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 28 Nov 2025 – 02 Dec 2025
- Listing date
- 05 Dec 2025
- Face value
- ₹1 per share
- Issue price
- ₹126 per share
- Lot size
- 1,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹31.45 Cr
- Market cap at offer price
- ₹117 Cr
- Promoter holding
- 98.52% → 71.92% pre-issue → post-issue
- ISIN
- INE0VDK01019
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Smart Horizon Capital Advisors Pvt.Ltd.
- Registered office
- Plot No 1 & 2, Pocket A-2, 2nd Floor, MNG Tower, First Floor, Dwarka Sector 17, N.S.I.T.Dwarka, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 6,34,000 | — | — |
| Market maker | 1,28,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹126
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,26,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,52,000 |
| S-HNI (max) | 7 | 7,000 | ₹8,82,000 |
| B-HNI (min) | 8 | 8,000 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹126 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.50 | 15.48 |
| P/E (×) | 9.33 | 8.14 |
| Price to book (×) | 10.39 | — |
| Market cap | — | ₹117 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 52.69%
- ROCE
- 42.80%
- Debt / equity
- 0.85
- PAT margin
- 7.23%
- EBITDA margin
- 11.06%
- NAV per share
- ₹25.63
- Price to book
- 10.39
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Purple Wave Infocom
Established in 2007 and incorporated under the Companies Act, 1956, Purple Wave Infocom Limited is engaged in the business of digital PRO AV integration, post-sales support and distribution. The company provides end-to-end customised digital PRO AV and automation solutions which includes designs, integration, management & on-site support including cloud-based communication and automation solutions for organizations across the country and in overseas markets. The company specializes 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, and experience centres. Additionally, it offers value-added services such as content management services in Software as a Service (SaaS) model through 'Streampurple', a cloud-based tool that helps users create, store, edit and publish digital content on their screens.
Company Analysis
from RHPPurple Wave Infocom Limited is a digital PRO AV (professional audio-video) integration and distribution company providing customized AV solutions, post-sales support, and content management services across corporate, retail, government, and other sectors.
Established in 2007 and incorporated under the Companies Act, 1956, Purple Wave Infocom Limited is engaged in the business of digital PRO AV integration, post-sales support and distribution. The company provides end-to-end customised digital PRO AV and automation solutions which includes designs, integration, management & on-site support including cloud-based communication and automation solutions for organizations across the country and in overseas markets. The company specializes 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, and experience centres. Additionally, it offers value-added services such as content management services in Software as a Service (SaaS) model through 'Streampurple', a cloud-based tool that helps users create, store, edit and publish digital content on their screens.
Objects of the Issue
- Funding capital expenditure requirements of our company towards purchasing an office space cum product display area ₹1,291.02 Lakhs p.29
- Repayment/prepayment of certain borrowings availed by our Company ₹1,000.00 Lakhs p.29
- General corporate purposes p.29
- Funding capital expenditure requirements of our company towards purchasing an office space cum product display area ₹1,291.02 lakhs p.85
- Repayment/prepayment of certain borrowings availed by our Company ₹1,000.00 lakhs p.85
- General corporate purposes p.85
- Setting up of office space cum product showcase area p.145
Issue Structure
- Total Issue
- Up to 24,96,000 Equity Shares aggregating up to [●] Lakhs
- Fresh Issue
- Up to 24,96,000 Equity Shares of face value of ₹10/- each for cash at a price of ₹ [●] per Equity Share (including a share premium of ₹ [●] per Equity Share) aggregating to ₹ [●] Lakhs
- Offer for Sale
- Not Applicable as the entire issue constitutes fresh issue of equity shares
- Price Band
- [●] per Equity Share
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹ 10/- each
Business Model
The company earns revenue through: (1) Direct selling and distribution of PRO AV products including active LED screens (indoor/outdoor), professional display screens (touch/non-touch screens), digital signage screens, video conferencing cameras, processors, media players, speakers, microphones, amplifiers and cables; (2) Customized AV integration services for various sectors; (3) After-sales services including technical support, repair & maintenance services, and annual maintenance contracts (AMC); and (4) Cloud-based content management services through 'Streampurple'.
Business Segments
SWOT Analysis
- • Wide product portfolio serving diverse customer segments and applications(p.97)
- • Established relationships with customers and strong market presence(p.97)
- • Experienced promoter and director team providing strategic direction(p.97)
- • Geographic reach across multiple regions in India(p.97)
- • Strong financial performance with improving profitability margins(p.100)
- • Significant growth in revenue and profitability(p.100)
- • Diversified product portfolio across PRO AV solutions and services(p.129)
- • Strong promoter experience and operational leadership(p.145)
- • Established customer relationships driving repeat business(p.145)
- • Geographic expansion with multi-regional operational presence(p.130)
- • Quality certifications and regulatory approvals(p.130)
- • Growing EBITDA margins and improved profitability(p.130)
- • Established business history and market presence since 2007(p.168)
- • Product portfolio expansion into medical devices with BIS certification(p.168)
- • ISO 9001:2015 certification for manufacturing operations(p.168)
- • Promoter experience in audio-visual industry(p.174)
- • Great Place to Work certification in 2025(p.169)
- • Growing revenue with strong EBITDA margins and profitability trajectory(p.243)
- • Diversified revenue streams across AV integration, distribution, and after-sales services(p.233)
- • Experienced management with deep industry expertise(p.233)
- • Improved financial performance with PAT growth of 67.61% in FY 2025(p.244)
- • ISO 9001:2015 certification and multiple regulatory approvals(p.233)
- • Strong customer acquisition and expansion capability(p.243)
- • High customer concentration risk(p.36)
- • No long-term customer contracts(p.37)
- • High supplier concentration(p.37)
- • Negative operating cash flows(p.43)
- • No experience centres for product display(p.47)
- • High geographic concentration(p.43)
- • Statutory compliance delays and discrepancies(p.42)
- • High trade receivables and collection risk(p.49)
- • High dependence on a limited customer base and PRO AV sector(p.51)
- • Significant working capital requirements and dependence on timely customer payments(p.50)
- • High debt levels relative to equity(p.100)
- • Dependence on promoters' knowledge and limited management team depth(p.51)
- • Trademark PURPLEWAVE not permanently owned and subject to revocation(p.53)
- • Small employee base with high attrition rate and limited KMP retention(p.51)
- • Limited experience of promoters and executive directors with listed company operations(p.55)
- • Lack of comparable Indian peer for valuation reference(p.51)
- • High customer concentration risk(p.152)
- • Significant supplier concentration dependency(p.149)
- • Relatively high debt-to-equity ratio(p.130)
- • Modest absolute revenue scale(p.130)
- • Limited international revenue contribution(p.145)
- • High employee attrition rates(p.151)
- • High financial leverage with significant short-term borrowings(p.202)
- • Dependence on promoter personal guarantees for borrowings(p.211)
- • Concentration of shareholding with promoters holding 98.52% of pre-issued capital(p.187)
- • High finance costs relative to operational scale(p.203)
- • Young executive director with limited operational experience(p.174)
- • High dependence on limited customer base for substantial revenue(p.249)
- • Significant concentration of purchases from limited suppliers(p.249)
- • Low debt service coverage ratio indicating challenge in servicing debt obligations(p.234)
- • Increased inventory holding levels reducing inventory turnover efficiency(p.219)
- • Declining trade receivables turnover indicating extended payment credit periods(p.219)
- • Pending direct tax liability and GST assessment notices(p.251)
- • Expansion of PRO AV solutions across industries(p.28)
- • SaaS-based content management services(p.28)
- • Geographic expansion beyond concentrated regions(p.43)
- • Growing Electronics System Design & Manufacturing (ESDM) sector(p.28)
- • Establishment of office space cum product display area(p.47)
- • Expansion into new product categories and business verticals(p.52)
- • Setting up owned office and product display facility to enhance market presence(p.92)
- • Debt reduction to improve financial leverage and access to capital(p.93)
- • Enhanced credibility and market position through public listing(p.85)
- • Expansion of service network in regional metro cities(p.146)
- • International market penetration and expansion(p.146)
- • Brand building through private labelling strategy(p.146)
- • SaaS revenue model development for content management(p.146)
- • Growing demand in education, transportation and entertainment sectors(p.146)
- • Emerging Indian ESDM and AV market growth(p.123)
- • Government support for electronics manufacturing through NPE 2019(p.159)
- • Growth in medical electronics devices segment(p.159)
- • Expansion into new geographies(p.168)
- • Support for R&D and innovation in electronics sector(p.159)
- • Expansion in high-growth verticals including EdTech, AdTech, and UC sectors(p.232)
- • Geographic expansion with international presence in multiple countries(p.233)
- • Growing adoption of cloud-based content management solutions through Streampurple(p.232)
- • Diversification into hearing aid market with BIS license(p.233)
- • Potential for after-sales services expansion with growing base of installed solutions(p.232)
- • Competitive bidding process dependency(p.39)
- • Supply chain disruption risk from imports(p.37)
- • Price volatility of AV products(p.37)
- • Product quality and brand reputation dependency(p.38)
- • Litigation risk from unsuccessful bidders(p.39)
- • Product liability and recall exposure(p.44)
- • Currency fluctuation and FEMA compliance risk(p.49)
- • Customer industry downturn exposure(p.48)
- • Cyclical demand in PRO AV sector vulnerable to economic downturns(p.51)
- • Intense competition from unlisted and established players in the industry(p.52)
- • Regulatory and compliance requirements that may constrain operations(p.51)
- • IT system vulnerabilities and data security risks(p.50)
- • Global economic instability and currency exchange rate volatility(p.56)
- • Exposure to natural disasters, epidemics, pandemics and geopolitical risks(p.56)
- • Inflation impacting cost structure without proportional pricing ability(p.57)
- • FDI restrictions on cross-border investments affecting potential foreign shareholders(p.60)
- • Intense competition in fragmented market(p.152)
- • Dependency on supplier relationships without long-term contracts(p.149)
- • Global economic uncertainty affecting end-market demand(p.108)
- • Currency and import price volatility(p.107)
- • Trade policy uncertainty and tariff risks(p.109)
- • Geopolitical tensions impacting commodity and energy prices(p.110)
- • Regulatory complexity in online/digital advertising and data protection(p.159)
- • Stringent data protection compliance requirements with high penalties(p.160)
- • Complex compliance requirements for electronics manufacturing and export(p.162)
- • Product safety and medical device regulatory requirements(p.161)
- • Environmental compliance obligations for e-waste management(p.161)
- • Dependency on competitive bidding process for project acquisition(p.233)
- • Vulnerability to supply chain disruptions and product price volatility(p.235)
- • Exposure to regional economic downturns affecting revenue concentration(p.235)
- • Product liability and warranty claim risks affecting profitability(p.235)
- • Risk of warehouse facility disruptions impacting operations(p.235)
- • Regulatory penalties and non-compliance costs from corporate law violations(p.235)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Manoj Kumar Singh | Promoter | 94.25% | — |
| Sandhya Singh | Promoter | 4.27% | — |
| Ananya Singh | Promoter | Negligible | — |
| Manoj Kumar Singh | Promoter | 94.25% | — |
| Sandhya Singh | Promoter | 4.27% | — |
| Ananya Singh | Promoter | Negligible | — |
| Manoj Kumar Singh | Promoter | — | — |
| Sandhya Singh | Promoter | — | — |
| Manoj Kumar Singh | Promoter/Chairman and Managing Director | 94.25% | — |
| Sandhya Singh | Promoter/Whole Time Director | 5.75% | — |
| Ananya Singh | Promoter/Executive Director | Negligible | — |
| Manoj Kumar Singh | Promoter/Managing Director | — | — |
| Sandhya Singh | Promoter/Whole-time Director | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.