Purple Wave Infocom shares debut today. This is what GMP indicates

Purple Wave Infocom will list its shares on the BSE SME platform on Friday after a successful book-build public issue that saw healthy investor participation. The company raised Rs 31.45 crore entirely through a fresh issue of 24,96,000 shares, with the IPO bidding window open from November 28 to December 2.Pre-listing gray market indicators currently indicate a 0% premium, indicating neutral opening sentiment. Listing performance may depend largely on general market sentiment and institutional support, rather than speculative premiums.

The IPO was offered within a price band of Rs 120-126 per share, and the final issue price was fixed at Rs 126.

Purple Wave Infocom received a robust response to subscriptions, closing with 6.88 times total bids. Institutional buyers led the demand, subscribing to the QIB category at 11.85 times, followed by NII at 7.69 times and retail investors at 3.80 times. The company also raised an anchor investment of Rs 7.99 crore on November 27, allotting 6,34,000 shares to institutional backers ahead of the launch.

Purple Wave Infocom operates in the digital professional audio-video (PRO AV) solutions space, offering systems integration, automation, cloud-based content management, live streaming services and after-sales technical support.

The company distributes and manufactures AV equipment, including LED displays, stages, speakerphones, cameras and kiosks, serving enterprise and institutional customers in India and global markets. Financially, the company has shown strong growth momentum. Revenue rose 40% year-on-year to Rs 126.15 crore in FY25, while profit after tax rose 68% to Rs 9.12 crore.

With solid fundamentals and oversubscription across all segments, investors will be keeping a close eye on whether the shares can maintain interest despite flat pre-listing sentiment.