Purple Wave Infocom Ltd. IPO Analysis

29 November 2025

Purple Wave Infocom is stepping into the market right when India’s digital backbone is stretching faster than ever, and the real question is whether this upcoming IPO rides the momentum or gets lost in the noise.

With the Purple Wave Infocom IPO Date set, investors are watching early signals including market sentiment, expected listing demand, and even the informal Purple Wave Infocom IPO GMP chatter ahead of listing.

Parameter	Details
Issue Type	100% Fresh Issue
Issue Size	INR 31.45 crores
Price Band	INR 120-126 per share
Lot Size	1000 shares
Net Issue	23,68,000  Shares
QIB Shares Offered	11,14,000 (44.63%) Shares
NII Shares Offered	3,78,000 (15.14%) Shares
Retail Shares Offered	8,76,000 (35.10%) Shares
Listing Platform	BSE SME
Issue Opens	December 1, 2025
Issue Closes	December 3, 2025
Listing Date	December 8, 2025

First, let’s cut straight to what’s working and what’s not for Purple Wave Infocom — before diving into their history and numbers.

Strengths	Risks
Strong margin expansion — EBITDA from 2.8% to 11%	Receivables rising faster than sales → weak cash conversion
Diversified revenue mix: hardware sales + integration + AMC services	Customer concentration — reliance on large institutional clients
Certifications & BIS licensing improve credibility in tenders	SME listing with low float → low liquidity and volatility risk
Promoter experience in executing government & education AV rollouts	High working-capital requirement → dependence on supplier credit
Growing presence in a rising PRO-AV market	Slow collections may force ongoing use of short-term debt facilities
Expanding product portfolio + recurring service revenue	Competitive, fragmented market with limited scaling advantage

Now that you’ve seen the snapshot, let’s unpack the full story behind these numbers and understand the business in context.

Industry Outlook

The PRO-AV and enterprise content management segment is a specialized but rapidly expanding market. Hybrid work models, digital learning environments, and public-facing display networks have made professional AV infrastructure essential rather than optional. Offices, universities, and institutional centers are actively upgrading visual and conferencing systems to meet this demand. PWIL’s certifications and BIS licensing strengthen its credibility in competitive tendering and institutional procurement. The market remains fragmented and service-driven, where advantage is gained not only through product supply, but through integration capability, technological partnerships, and long-term maintenance support.

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