Purple Wave Infocom's SME IPO: Here's what you need to know
Purple Wave Infocom just kicked off its ₹31.45 crore SME IPO, open till December 2 and set to list on the BSE SME platform on December 5.
Shares are priced between ₹120-126 each, with a minimum investment of 2,000 shares (about ₹2.52 lakh at the top end).
What does Purple Wave Infocom do?
Since 2007, Purple Wave Infocom has been helping businesses and institutions upgrade their audio-video setups—think system design, installations, cloud content management, and ongoing support for clients in corporate offices, smart classrooms, organized retail digital branding, and government buildings.
The company saw its revenue jump 40% to ₹126.15 crore in FY25 and net profit climb 68% to ₹9.12 crore.
Other details
The IPO is split among retail investors (35.10%), non-institutional investors (15.14%), and qualified institutional buyers (44.63%).
Before going public, they raised nearly ₹8 crore from anchor investors—the first tranche of the anchor lock-in ends on January 2, 2026.
The money raised will go toward opening a new office and display center, paying down debt, and general business needs.