Purple Wave Infocom made its BSE‑SME debut today after raising ₹31.45 crore through a fresh issue of nearly 25 lakh shares.
The company, specializing in professional audio-video (PRO AV) and smart display solutions, saw its IPO subscribed about 6.9 times, reflecting strong investor interest, particularly from institutions.
However, the grey-market premium (GMP) was at zero ahead of listing, suggesting the stock may open close to its IPO price.
Analysts expect only modest gains for Purple Wave Infocom, on the first trading day, despite healthy revenue and profit growth in the previous year. Investors are watching the debut closely.