Purple United Sales Ltd - IPO

Purple United Sales Ltd IPO Details

Initial public issue of 26,04,000* equity shares of face value of Rs. 10/- each of Purple United Sales Limited (the Company or the Issuer) for cash at a price of Rs. 126 per equity share including a share premium of Rs. 116 per share (the Issue Price) aggregating to Rs. 32.81 crores (The Issue), of which up to 1,31,000 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. 1.65 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 24,73,000 equity shares of face value of Rs. 10/- each at a price of Rs. 126 per equity share aggregating to Rs. 31.16 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.10 % and 25.73 % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 12.6 times the face value of the equity shares. *Subject to finalization of the basis of allotment.

Objective of issue

Expenditure for opening new stores. Working capital requirements. General corporate purposes.

Purple United Sales Ltd Contact Details

Purple United Sales Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@purpleunited.in

Website - www.purpleunited.in