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Purple Wave IPO
Purple Wave Infocom Ltd
₹2,40,000 /1000 sharesMinimum Investment
Purple Wave IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 28 Nov ‘25 - 2 Dec ‘25 | ₹2,40,000 | 1,000 | ₹120 - ₹126 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 31.45 Cr | RHP PDF | 03 Dec ‘25 | 05 Dec ‘25 |
| Face value |
|---|
| 10 |
About Purple Wave
Founded in
2007
MD/CEO
Mr Manoj Kumar Singh
Parent organisation
Purple Wave Infocom Ltd
Strengths & Risks of Purple Wave
Strengths
Risks
Purple Wave Infocom offers an extensive portfolio of PRO AV products and customised integration solutions that serve corporate, retail, education, government, and home-use applications. The company provides design, integration, management, and on-site support services, along with cloud-based communication and automation tools. It also claims to supply a broad range of hardware, including LED screens, professional displays, digital signage, conferencing equipment, speakers, microphones, and related accessories.
The company claims to have built long-term relationships through repeat business from clients who rely on its AV integration and product supply services. It maintains a toll-free support line and deploys technical personnel for on-site assistance when required. Its sales and technical teams operate across India, supported by regular client interactions and after-sales services, including annual maintenance contracts and repair support.
Purple Wave Infocom operates from its registered office in Delhi, with additional branch offices in Bengaluru and Assam. It maintains warehouse facilities in Delhi, Manesar, and Bhiwandi and a service centre in Delhi. The company supplies products and solutions across India and also serves overseas markets, including Singapore, the Maldives, Qatar, and Bangladesh.
The company is ISO 9001:2015 certified for its quality management systems.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 70.11 crore in FY23 to Rs 89.91 crore in FY24 and Rs 126.01 crore in FY25. PAT increased from Rs 0.66 crore in FY23 to Rs 5.44 crore in FY24 and Rs 9.11 crore in FY25.
The top customer accounted for Rs 13.71 crore (38.22 percent) of the company’s revenue for the period ended June 30, 2025; Rs 39.13 crore (31.05 percent) in FY25; Rs 12.41 crore (13.80 percent) in FY24; and Rs 19.19 crore (27.37 percent) in FY23. The company does not have any long-term contracts with this client or any of its other customers and caters to them on an order-by-order basis. Any failure to retain this key customer, expand the customer base, or loss of business from this client can adversely affect the company’s business and financial standing.
Purple Wave Infocom relies heavily on a limited number of third-party domestic and global suppliers for its PRO AV products, many of which are imported. The top 10 suppliers accounted for Rs 27.50 crore (87.53 percent) of the company’s total purchases for the period ended June 30, 2025; Rs 80.14 crore (78.38 percent) in FY25; Rs 62.85 crore (82.18 percent) in FY24; and Rs 43.06 crore (82.20 percent) in FY23. Disruption in supply, delay in delivery, or loss of business from these vendors can hurt the company’s manufacturing operations and financial performance.
The cost of materials consumed accounted for Rs 27.48 crore (88.31 percent) of the company’s total expenses for the period ended June 30, 2025; Rs 99.53 crore (87.40 percent) in FY25; Rs 73.30 crore (88.59 percent) in FY24; and Rs 58.41 crore (84.02 percent) in FY23. Any delays in manufacturing, transportation issues, shortages of components, or price fluctuations influenced by raw material costs, trade policies, or currency movements can adversely affect product availability, profit margins, and overall operational performance.
Purple Wave Infocom’s ability to obtain AV integration projects depends largely on competitive tendering, where qualification criteria, pricing, and bidder credentials determine outcomes. The company may not consistently meet bid requirements, win contracts, or secure partnerships needed to participate, and any delays, cancellations, or litigation involving awarded tenders can disrupt project timelines. Any such disruptions can adversely affect its revenue visibility, utilisation of resources, and overall financial performance.
The company and its group companies are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
The company reported negative cash flow from operating activities amounting to Rs 1.52 crore for the period ended June 30, 2025, and Rs 4.83 crore in FY24. Additionally, negative cash flow from investing activities amounted to Rs 0.65 crore in FY25, Rs 0.16 crore in FY24, and Rs 0.37 crore in FY23. Furthermore, the company reported negative cash flow from financing activities amounting to Rs 0.22 crore for the period ended June 30, 2025, and Rs 2.22 crore in FY23. Sustained negative cash generation may limit the company’s ability to fund operations, manage working capital, or meet investment requirements without external financing. This could adversely affect its liquidity position and overall financial health.
Delhi accounted for Rs 16.83 crore (46.90 percent) of the company’s revenue for the period ended June 30, 2025; Rs 45.97 crore (36.48 percent) in FY25; Rs 36.44 crore (40.53 percent) in FY24; and Rs 28.76 crore (41.02 percent) in FY23. This geographic concentration increases the company’s exposure to economic, political, regulatory, and competitive developments in this region. Any adverse changes in this area, or heightened competition from regional or national players, can materially impact the company’s revenue, market share, and financial performance.
As of June 30, 2025, the company had trade receivables of Rs 48.56 crore, up from Rs 34.34 crore in FY25, Rs 20.72 crore in FY24, and Rs 11.06 crore in FY23. Trade receivable turnover days also increased to 422 (not annualised) for the period ended June 30, 2025, from 80 days in FY25, and 65 days in FY24. Such high and increasing collection cycles expose the company to delays in customer payments, potential bad debts, and constraints on working capital availability. Any failure by customers to meet their obligations, whether due to cash flow issues, insolvency, or disputes, can adversely affect the company’s liquidity, financial condition, and ability to manage operational requirements.
As of June 30, 2025, the company had outstanding financial indebtedness of Rs 14.91 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Purple Wave Financials
*All values are in Rs. Cr
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Application Details of Purple Wave IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹120 - 126 | ₹2 - 5 Lakh | 1000 |
For Purple Wave IPO, eligible investors can apply as Individual investor.