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Incorporated in November 1993, Purple Finance Limited is a non-banking financial company (NBFC) that offers secured lending to retail micro, small, and medium enterprises (MSMEs) in tier II, III, and tier IV cities. The company provides loans to micro and small entrepreneurs ranging from ?3 lakh to ?30 lakh.
PFL has disbursed around INR 45 crore to approximately 800 customers. All loans are secured by either self-occupied residential or commercial property. PFL utilizes advanced technology for lending to customers.
| Issue Open | October 4, 2024 - October 11, 2024 |
| Security Name | Purple Finance Ltd |
| Issue Size (Shares) | 11,204,985 |
| Issue Size (Amount) | ₹44.82 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | September 25, 2024 |
| Record Date | September 26, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | October 4, 2024 |
| Renunciation of Rights Entitlements | October 8, 2024 |
| Bid/Offer Closes On | October 11, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Purple Finance Ltd's revenue increased by 73% and profit after tax (PAT) dropped by -20% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 73.87 | 58.45 | 16.97 | |||||||||||||||||||||||||||
| Revenue | 4.44 | 2.56 | -3.11 | |||||||||||||||||||||||||||
| Profit After Tax | -7.61 | -6.33 | -7.37 | |||||||||||||||||||||||||||
| Net Worth | 48.33 | 17.3 | 16.02 | |||||||||||||||||||||||||||
| Total Borrowing | 24.96 | 40.87 | 0.78 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
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Purple Finance Ltd
Room No. 11, 1st Floor
Indu Chambers 349/353, Samuel Street, Vadgadi,
Masjid Bunder (West), Mumb
Phone: 02269165100
Email: compliance@purplefinance.in
Website: https://www.purplefinance.in/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Purple Finance Rights Issue 2024 opens on October 4, 2024, and closes on October 11, 2024.
Purple Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | October 8, 2024 |
| Issue Opening Date | October 4, 2024 |
| Issue Closing Date | October 11, 2024 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
Purple Finance Rights Issue 2024 price is set at ₹40 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (September 26, 2024).
The record date for the Purple Finance Rights Issue 2024 is September 26, 2024.
The issue size of Purple Finance Rights Issue 2024 is of 11,204,985 equity shares at ₹40 per share aggregating upto ₹44.82 Crores.
The Letter of Offer for Purple Finance Rights Issue 2024 can be download here.
You can apply for Purple Finance Rights Issue 2024 in two ways:
Steps to apply for Purple Finance Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Purple Finance Rights Issue 2024 using Registrar's website (R-WAP)
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