The Purple United Sales Price Target 2030 has garnered attention in the children’s apparel sector, leveraging its established brand presence and diverse product offerings. Known for designing and selling premium clothing and footwear for kids, the company aims to strengthen its retail presence and meet capital requirements through this IPO.
IPO Details
- IPO Opening Date: December 11, 2024
- IPO Closing Date: December 13, 2024
- Issue Price: ₹121–₹126 per share
- Lot Size: 1,000 shares
- Total Issue Size: ₹32.81 crores
- Listing on: NSE SME
Company Background: Purple United Sales
Incorporated in 2014, Purple United Sales operates in the garments and apparel sector with a strong foothold in kids’ clothing and footwear. The company’s offerings include t-shirts, jackets, party wear, footwear, and more. With 24 exclusive brand outlets (EBOs) across eight states, partnerships with online platforms like Amazon and Flipkart, and distribution networks, it has become a recognized name in the premium kids’ fashion segment.
Objectives of the IPO
- Expansion of New Stores: To broaden the retail footprint.
- Working Capital Requirements: To support day-to-day operations and growth.
- General Corporate Purposes: To enhance overall business sustainability.
Financial Performance and Yearly Predictions
- Revenue (Last FY): ₹160.8 crores (67% YoY growth)
- Profit (Last FY): ₹22.4 crores (223% YoY growth)
Predicted Share Price (INR)
| Year | Predicted Price |
|---|---|
| 2024 | ₹176 |
| 2025 | ₹205 |
| 2026 | ₹240 |
| 2027 | ₹280 |
| 2028 | ₹325 |
| 2029 | ₹375 |
| 2030 | ₹430 |
Subscription and Grey Market Premium Details
- Retail Subscription: 28.77x
- Qualified Institutional Buyers (QIB): 3.51x
- Non-Institutional Investors (NII): 12.41x
- Total Subscription: 18.04x
- Grey Market Premium (GMP): ₹50 (as of December 13, 2024)
- Expected Listing Price: ₹176 (approx. 39.68% listing gain).
Conclusion: Is Purple United Sales a Good Investment?
Purple United Sales is a promising investment opportunity for those interested in the growing kids’ apparel market. Its strong financials, efficient management, and clear growth objectives make it appealing. However, investors should consider market conditions and personal risk tolerance before investing.