Purple Wave Infocom IPO Shows Strong Response, Subscribed 6.86x on Day 3

Purple Wave Infocom Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The stock price band is set at ₹120-126 per share. The ₹31.45 crore IPO reached 6.86 times by 4:59:51 PM on day three. This indicates strong investor interest in this digital professional audio-video equipment solutions provider incorporated in 2007.
Purple Wave Infocom IPO qualified institutional buyers segment leads with exceptional 11.85 times subscription. Non-institutional investors demonstrate strong participation at 7.67 times. Individual investors display moderate interest at 3.77 times. 

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Purple Wave Infocom IPO subscription reached strong 6.86 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (11.85x), Non-Institutional Investors (7.67x), and Individual Investors (3.77x). Total applications reached 2,064.

Subscription Status of Purple Wave Infocom IPO:

Here are the subscription details for Purple Wave Infocom IPO as of Day 3 (December 2, 2025, 4:59:51 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 6.86 times, showing substantial improvement from day two's 1.35 times
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 11.85 times, building dramatically from day two's 0.81 times, indicating strong institutional appetite for this PRO AV equipment solutions providers.
• Individual investors showing moderate confidence at 3.77 times, building substantially from day two's 1.07 times, indicating improved retail demand for this SME IPO
• Total applications reached 2,064, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹149.81 crores, significantly exceeding the net offer size of ₹29.84 crores (excluding anchor and market maker portions) by over 5 times

Purple Wave Infocom IPO - Day 2 Subscription at 1.35 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.35 times, showing substantial improvement from day one's 0.65 times
• Non-institutional investors showing moderate performance at 2.70 times, building substantially from day one's 0.35 times
• Individual investors displaying moderate confidence at 1.07 times, building from day one's 0.70 times
• Qualified institutional buyers showing limited performance at 0.81 times, maintaining from day one's 0.81 times

Purple Wave Infocom IPO - Day 1 Subscription at 0.65 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.65 times, showing cautious initial investor interest
• Qualified institutional buyers showing limited performance at 0.81 times, indicating subdued institutional appetite
• Individual investors displaying weak confidence at 0.70 times, showing weak retail sentiment
• Non-institutional investors showing weak performance at 0.35 times, indicating very weak HNI interest

About Purple Wave Infocom Limited

Incorporated in 2007, Purple Wave Infocom Limited is engaged in the sale and integration of digital professional audio-video (PRO AV) equipment. The company offers comprehensive, end-to-end PRO AV and automation solutions, including system design, integration, management, and on-site support. Purple Wave also provides cloud-based communication and automation services for organizations across India and in international markets. Key offerings include direct sales and distribution of PRO AV products, cloud-based content management services, live streaming and content management through the proprietary platform Streampurple, and after-sales services including annual maintenance contracts (AMC), technical support, and repair and maintenance of AV infrastructure.