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.
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.
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.
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.
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.
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.
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.
Investors can apply for the IPO using either the ASBA facility through their bank or via UPI on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Purple Wave Infocom Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
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.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Purple Wave Infocom Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
You can check other Upcoming IPO here: Upcoming IPO
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.
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
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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