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IPO-Insights

Purple Wave Infocom Ltd IPO – Subscription Status, Dates, and How to Apply

Nupur Wankhede

Discover the initial subscription trends, pricing details, timelines, and application methods for the Purple Wave Infocom Ltd IPO.

Purple Wave Infocom Ltd opened its IPO for bidding on 28 November 2025. The SME-platform issue is valued at ₹31.45 Cr and offered through the book-building method with a price band of ₹120 to ₹126. With a lot size of 1,000 shares, the offering targets retail and non-institutional investors. The first day saw muted subscription levels, reflecting a gradual start to the bidding process.

Purple Wave Infocom Ltd IPO Subscription Status

The IPO recorded a total subscription of 0.1× on Day 1, driven primarily by limited retail interest and low participation from the non-institutional category.

Day 1 Subscription Status (28 November 2025)

The following table summarises investor activity on the first day:

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

NA

Retail Individual Investors (RII)

0.19×

Non-Institutional Investors (NII)

0.03×

Total

0.1×

The initial subscription indicates slow uptake, which may evolve over the coming days as investors assess the company’s fundamentals and valuation.

Day 2 Subscription Status (1 December 2025)

Purple Wave Infocom Ltd showed steady subscription momentum on Day 2, led primarily by NII interest.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.81x

Retail Individual Investors (RII)

0.91x

Non-Institutional Investors (NII)

2.16x

Total

1.22x

The issue crossed full subscription levels on Day 2, with NII bids crossing 2x and retail nearing 1×. The IPO is showing healthy early-stage traction overall.

Day 3 Subscription Status (2 December 2025)

The Purple Wave Infocom Ltd IPO recorded robust subscription levels on Day 3, as investors across segments showed strong interest in the company’s tech-enabled communication and IT services play.

The IPO reached a healthy 3.52x overall subscription, driven primarily by QIBs and NIIs.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

8.03x

Retail Individual Investors (RII)

1.53x

Non-Institutional Investors (NII)

2.67x

Total

3.52x

QIB demand surged to 8x, providing a strong foundation for the issue, while retail and NII categories also picked up considerable momentum by the third day.

Purple Wave Infocom Ltd IPO Price Band and Lot Size

The price and lot structure for this IPO is listed below:

Investor Category Lots Shares Amount (₹)

Retail (Min/Max)

1

1,000

₹1,26,000

S-HNI (Min)

2

2,000

₹2,52,000

B-HNI (Min)

10

10,000

₹12,60,000

This structure follows typical SME-platform lot requirements, making the minimum investment threshold suitable for retail participants seeking exposure to emerging businesses.

For detailed insights about the company, issue particulars, and the latest updates, visit the Purple Wave Infocom Ltd IPO on Bajaj Markets.

Purple Wave Infocom Ltd IPO Open Date, Close Date, and Allotment Date

The following table displays the procedural milestones for the IPO:

Event Date Details

IPO Open Date

28 Nov 2025

Subscription begins

IPO Close Date

02 Dec 2025

Last day to apply

Basis of Allotment

03 Dec 2025

Allotment process finalised

Refunds Initiation

04 Dec 2025

Refunds issued

Credit of Shares to Demat

04 Dec 2025

Demat credit for allottees

Listing Date

05 Dec 2025

Shares listed on NSE SME

Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.

How to Apply for Purple Wave Infocom Ltd IPO

Investors can apply for the IPO using either the ASBA facility through their bank or via UPI on broker platforms.

Through ASBA (Net Banking)

This is a convenient and secure method where your application amount stays blocked until shares are allotted.

  1. Log in to your internet banking account.

  2. Go to the ‘Investments’ or ‘IPO Application’ section.

  3. Select ‘Purple Wave Infocom Ltd IPO’ from the available list.

  4. Enter your preferred bid quantity and price.

  5. Confirm and submit your application.

  6. The bid amount will remain blocked in your account until allotment.

Upon allotment, the amount will be debited, and shares credited to your Demat account.

Through UPI via Broker Platforms

You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.

  1. Log in to your trading account or Demat account on your broker’s platform or financial marketplace.

  2. Navigate to the IPO section and select ‘Purple Wave Infocom Ltd IPO’.

  3. Enter your application details including number of lots and price.

  4. Provide your UPI ID linked to your bank account.

  5. Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).

  6. Funds will be debited only upon share allotment.

  7. Once allotted, shares will be credited directly to your Demat account.

You can check other Upcoming IPO here: Upcoming IPO

Disclaimer

The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.

Sources:

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Hi! I’m Nupur Wankhede
BSE Insitute Alumni

With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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