Purple Wave Infocom came to market through an SME IPO that opened on 28 November 2025 and closed on 2 December 2025, and the shares listed on 5 December 2025 on BSE SME. The price band was ₹120 to ₹126 per share and one lot was 1000 shares, so the minimum application was ₹1,26,000. The issue size was ₹31.45 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Pvt Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt Ltd was the lead manager.
As of 2 December 2025.
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Incorporated in 2007, Purple Wave Infocom Ltd is engaged in the sale and integration of digital professional audio-video (PRO AV) equipment.The company offers comprehensive, end-to-end PRO AV and automation solutions in system design, integration, and management with on-site support. Purple Wave also provides cloud-based communication and automation services for organizations across India and in international markets.
The Company is also offering after-sales value-added services that include an Annual Maintenance Contract for technical support, repair, and maintenance services of the AV infrastructure to ensure optimum product performance and customer satisfaction. Key Offerings: Direct Sales and Distribution of PRO AV products. Cloud-Based Content Management Services: A tool that allows users to create, store, edit, and publish digital content on screens. Live streaming and content management courtesy of the proprietary platform, Streampurple.
After-sales services include AMC, or annual maintenance contracts, for yearly maintenance, technical support, repair, and maintenance of AV infrastructure. Purple Wave Infocom Ltd. manufactures a wide range of AV products comprising LED displays (all types), USB cameras, speakerphones, professional displays LED/LCD, digital podiums/lecterns, speakers, amplifiers, computer kiosks, and so on. As of September 30, 2025, the company employs 86 permanent employees.
As described in the offer document.
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Mr. Manoj Kumar Singh, Sandhya Singh, Ananya Singh.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Purple Wave Infocom IPO was a ₹31.45 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹120–₹126 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,52,000). The IPO was open from November 28 to December 2, 2025 and was subscribed 6.95x. Shares listed on BSE SME on December 5, 2025 at ₹132, a 4.8% premium to the issue price of ₹126.
Maashitla Securities Pvt Ltd is the registrar. Smart Horizon Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Purple Wave Infocom IPO is ₹120 to ₹126 per share.
The lot size of Purple Wave Infocom IPO is 1000 shares.
The minimum investment for Purple Wave Infocom IPO is approximately ₹2,52,000 based on the upper price band.
The allotment date of Purple Wave Infocom IPO is Dec 3, 2025.
You can check Purple Wave Infocom IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Purple Wave Infocom IPO allotment status on Rupix for quick and easy access.
₹120 to ₹126 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 28 November 2025 and closed on 2 December 2025.
The basis of allotment was published on 3 December 2025 by Maashitla Securities Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 5 December 2025 on BSE SME.
The issue size was ₹31.45 crore. The fresh issue was 24,96,000 shares (aggregating up to ₹31.45 crore).