Purple United Sales Ltd - IPO

Purple United Sales Ltd IPO Details

Initial public issue of upto 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. [*] per equity share including a share premium of Rs. [*] per share (the Issue Price) aggregating to Rs. [*] (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. [*] per equity share including a share premium of [*] per equity share aggregating to Rs. [*] 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. [*] per equity share aggregating to Rs. [*] 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. Price Band: Rs. 121 to Rs. 126 per equity share of face value of Rs. 10 each.The Floor price is 12.10 times the face value of the equity shares and cap price is 12.60 times the face value of the equity shares.Bid can be made for a minimum of 1000 equity shares and in multiples of 1000 equity shares.

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