₹40.34 Crores | Listing at BSE | Mon, Jun 2, 2025 - Mon, Jun 16, 2025
Purple Finance Ltd Rights Issue comprises 0.9604 Cr equity shares aggregating to ₹40.34 Cr, offered at an issue price of ₹42 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 23, 2025, with the Rights Issue being offered in the entitlement ratio of 3 : 14.
The term of payment is defined as following : The full amount of Rs.42 per share has to be paid on application
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 17, 2025.
The Rights Issue opens on Jun 2, 2025, and closes on Jun 16, 2025, with renunciation of Rights Entitlements permitted up to Jun 6, 2025.
The deemed date of allotment is Jun 17, 2025, following which the equity shares are expected to be credited to demat accounts on Jun 19, 2025 and listed at the BSE on Jun 20, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Purple Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 23, 2025
Entitlement Ratio
3 : 14
Open Date
Mon, Jun 2, 2025
Close Date
Mon, Jun 16, 2025
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 73.87 | 58.49 | 16.97 |
| Revenue | 4.44 | 2.56 | 0.00 |
| Profit After Tax | -7.61 | -6.33 | 0.00 |
| Net Worth | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 14.71 | -5.73 | -4.41 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
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 Rs 3 lakh to Rs 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 utilises advanced technology for lending to customers.
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
[Dilip Davda] This is the 2nd RI from the company since September 2024. It is engaged in the segment of financial services. The company has been reporting losses for the referred financial periods of the offer document. The RI is exorbitantly priced considering its loss-making status. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this “High Risk/No Return” pricey bet. Read detail review...
Purple Finance Rights Issue 2025 got oversubscribed by 1.04 times by the end of the bidding period with total bid quantity received by BSE of 99,95,848 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jun 16 2025 17:00:00 | 99,95,848 | 1.04x |
Purple Finance Ltd
Room No. 11, 1st Floor
Indu Chambers 349/353, Samuel Street, Vadgadi,
Masjid Bunder (West), Mumbai
Mumbai, Maharashtra
Purva Sharegistry (India) Pvt.Ltd.
The Purple Finance Rights Issue 2025 opens on Mon, Jun 2, 2025, and closes on Mon, Jun 16, 2025.
Purple Finance Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Wed, May 28, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 6, 2025 |
| Issue Opening Date | Mon, Jun 2, 2025 |
| Issue Closing Date | Mon, Jun 16, 2025 |
| Date of Allotment (on or about) | Tue, Jun 17, 2025 |
| Date of Credit (on or about) | Thu, Jun 19, 2025 |
| Date of Listing (on or about) | Fri, Jun 20, 2025 |
You can apply for Purple Finance Rights Issue 2025 in two ways:
Steps to apply for Purple Finance Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Purple Finance Rights Issue 2025 using Registrar's website (R-WAP)
