The issue opened for bidding on Friday (28 November 2025) and it will close on Tuesday (2 December 2025). The price band of the IPO was fixed between Rs 120 to Rs 126 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises a fresh issue of 18,62,000 equity shares. About 1,28,000 equity shares will be reserved for subscription by market maker to the issue.

The company intends to utilize the net proceeds for purchasing an office space with a product display area, repaying or prepaying certain borrowings, and for general corporate purposes.

Ahead of the IPO, Purple Wave Infocom on Thursday, 27 November 2025, raised Rs 7.98 crore from anchor investors. The board allotted 6.34 lakh shares at Rs 126 each to 4 anchor investors.

Purple Wave Infocom is engaged in the business of digital PRO AV (professional audio-video) integration, post-sales support and distribution. It provides end-to-end customised digital PRO AV and automation solutions which includes designs, integration, management & on site support including cloud-based communication and automation solution for organizations across the country and in overseas market.

The company is also engaged in direct selling and distribution of PRO AV products including but not limited to active LED screens (indoor/outdoor), professional display screens (touch / non-touch screens), digital signage screens, electronics shelf labels (ESL), digital podium, video conferencing cameras, processors, media players, speakers, mics, amplifiers, unified communication (UC) devices, hearing assistive device, mounts, cables and accessories. It also offers after-sales value added services including annual maintenance contracts (AMCs) for technical support, as well as repair & maintenance services for AV infrastructure. As on 30th September 2025, the company has 86 employees.

The company recorded revenue from operations of Rs 35.87 crore and net profit of Rs 3.57 crore for the period ended 30 June 2025.