Purple Wave Infocom IPO: Price, GMP, Analysis, And Details

Purple Wave Infocom IPO- Company Analysis 

Purple Wave Infocom IPO under the SME IPO category is a book build issue of Rs. 31.45 Cr by Purple Wave Infocom Ltd. and is a digital platform, telecommunications, and network deployment service provider and also incorporates Passive Infrastructure such as towers, fibre optics, and logistics support service. 

The company has a pan-India presence and has secured numerous contracts from telecom operators for rollout, managed services, and maintenance. The business takes advantage of the expansion in 5G deployment, increasing data consumption, fibre-to-home, and the ever-growing need for connectivity in both enterprise and rural sectors.

Purple Wave Infocom IPO Details

The Purple Wave Infocom IPO date of opening is 28 November 2025, its initial public offering will end on 02 Dec, IPO allotment on Dec 03 and refund initiation on Dec 04, 2025.

The Rs. 31.45 crore new SME IPO comprises a wholly fresh issue of 0.25 crore shares.

The Purple Wave Infocom IPO listing date (expected) might be on Friday, Dec 05, 2025, and listing at the BSE and SME. 

The Purple Wave Infocom IPO price band is Rs. 120 to Rs. 126.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Nov 28, 2025
IPO Closing Date	Dec 02, 2025
IPO Allotment Date	Dec 03, 2025
Refund Initiation	Dec 04, 2025
IPO Listing Date	Dec 05, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	53.48	31.59	26.70
Total Income	126.15	90.04	70.44
Profit After Tax	9.12	5.44	0.66
EBITDA	13.94	8.31	2.00
Net Worth	17.30	8.18	2.75
Reserves & Surplus	10.55	6.68	1.25
Total Borrowing	14.73	11.03	6.90

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	70.87	(482.79)	386.94
Net Cash Flow Investing Activities	(64.75)	(15.93)	(37.56)
Net Cash Flow Financing Activities	225.45	327.33	(222.20)

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding the capital expenditure requirements of our company towards purchasing an office space cum product display area. ~ Rs. 129.10 Cr.

• Repayment/prepayment of certain borrowings. ~ Rs. 100 Cr.

• General corporate purposes. 

Listed Peers of Purple Wave Infocom Ltd. 

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
PRO FX Tech Limited	10	9.51	9.05

 

Valuation

KPI	Values
ROE	71.54%
ROCE	42.80%
Debt / Equity	0.85
RoNW	52.69%
PAT Margin	7.23%
EBITDA Margin	11.06%
Price to Book Value	10.39

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 13.50 from the last year, the resulting P/E ratio is 9.33x.

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IPO's Strengths

• 5G telecom infrastructure, including fibre rollout and managed services, is a high-growth segment, and the company holds a solid standing in it.

• Presence across the country and a varying clientele in telecom, ISPs, and enterprise sectors.

• Business model is asset-light (tower, fibre deployment) and there are recurring revenues from long-term contracts.

• Strong order backlog and increasing telecom sector capital expenditures.

• Professionals in other fields who were previously employed in the telecom infrastructure and network have gained some experience.

IPO’s Weaknesses

• There are other telecom infrastructure companies that are in the same industry and offer low prices.

• There are high costs when it comes to capital and working; costs and delays may negatively affect the profit.

• There are possible problems in terms of referencing and regulation in fibre & tower deployment that relate to the environment.

• Rapid network improvement.

• Growth may result from a delay in contracts.

 

Purple Wave Infocom IPO GMP (Grey Market Premium)

Purple Wave Infocom IPO GMP today is has not started yet as of 25 Nov 2025 at the time of writing this information.

Purple Wave Infocom IPO Summary

The Purple Wave Infocom IPO has a market maker portion size of 1,28,000 Shares (Rs. 1.61 Cr).

IPO Opening & Closing Date	28 Nov, 2025 to 02 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 120 to Rs. 126 per Share.
Lot Size	1000 Shares
Issue Size	24,96,000 Shares (Rs. 31.45 Cr)
Offer for Sale	-
Fresh Issue	24,96,000 Shares (Rs. 31.45 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Maashitla Securities Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,52,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3000 Shares) for Rs. 3,78,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Purple Wave Infocom IPO Allotment Status

To check the Purple Wave Infocom IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Purple Wave Infocom Ltd.

• Mr. Manoj Kumar Singh

• Sandhya Singh

• Ananya Singh.

Pre-Issue Promoter Shareholding	98.52%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Smart Horizon Capital Advisors Pvt. Ltd. 

 

Dividend Policy

The company has not declared a dividend during the last three financial years.

 

 

 Conclusion

Investors have an opportunity to partner with an established telecom infrastructure provider to capture meaningful growth in 5G and fibre networks. Considering the strong growth in demand for services offered by the business, investors should also consider the execution risk and competition to the business, as well as the leverage in the sector. The decision to invest should reflect one’s financial goals and risk tolerance.     

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.