The Purple Finance rights issue 2025 is scheduled to open on June 2, 2025, and will close on June 10, 2025. The record date for determining eligibility is May 23, 2025.
Under this issue, the company will offer 96,04,273 equity shares at a price of ₹42 per share, amounting to a total issue size of ₹40.34 crores. Shareholders will be entitled to 3 rights shares for every 14 fully paid-up equity shares held as of the record date. The full payment is due at the time of application.
For context, Purple Finance had previously conducted a rights issue in October 2024, offering 1,12,04,985 shares at ₹40 per share with an issue size of ₹44.82 crores. The entitlement ratio for that issue was 1:3, and it was listed on the BSE on October 23, 2024.
Overview of Contents
About Company
Purple Finance Limited, incorporated in November 1993, has been in operation for over 30 years. It is registered with the Reserve Bank of India as a non-deposit taking Non-Banking Financial Company (NBFC). The company started its limited lending operations in 2013 and mainly focuses on providing secured loans to micro, small, and medium enterprises (MSMEs) in tier II, III, and IV cities. The loan amount generally ranges between ₹3 lakh to ₹30 lakh and is secured against self-occupied residential or commercial properties.
So far, Purple Finance has disbursed around ₹45 crore to nearly 800 customers. The company uses modern technology in its lending process to improve efficiency and customer experience. The founding team consists of six experienced professionals with a combined leadership experience of over 125 years in well-known financial institutions. The company aims to build a strong and future-ready NBFC by focusing on Environmental, Social, and Governance (ESG) principles. Technology, innovation, teamwork, and equality are key pillars of Purple Finance’s values and operations.
Purple Finance Rights Issue 2025 Overview
| Particulars | Details |
|---|---|
| Company Name | Purple Finance Ltd |
| Listing Platform | BSE |
| Face Value per Share | ₹10 |
| Issue Price | ₹42 per equity share |
| Rights Issue Size (Amount) | Approx ₹40.34 Crores |
| Rights Issue Size (Shares) | 96,04,273 Equity Shares |
| Previous Rights Issue Size | ₹44.82 Crores (1,12,04,985 Equity Shares at ₹40) |
| Entitlement Ratio (Current) | 3:14 (3 rights shares for every 14 equity shares) |
| Entitlement Ratio (Previous) | 1:3 (1 rights share for every 3 equity shares) |
| Payment Terms | Full payment to be made at the time of application |
| Letter of Offer | Click here |
Purple Finance Rights Issue 2025 Dates
| Event | Date |
|---|---|
| Last Date to Buy Shares | May 22, 2025 (Thursday) |
| Record Date for Eligibility | May 23, 2025 (Friday) |
| Opening of Rights Issue | June 2, 2025 (Monday) |
| Closing of Rights Issue | June 10, 2025 (Tuesday) |
| Renunciation of Rights Entitlements | June 2025 (To be announced) |
| Deemed Date of Allotment | June 2025 (To be announced) |
Objects of the Issue
- Augmenting the capital base; and
- General corporate purposes.
Purple Finance Ltd Finanacial Performace
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Total Assets | ₹73.87 Cr | ₹58.49 Cr | ₹16.97 Cr |
| Net Worth | ₹48.33 Cr | ₹17.30 Cr | ₹16.02 Cr |
| Revenue from Operations | ₹4.44 Cr | ₹2.56 Cr | ₹-3.11 Cr |
| Profit After Tax (PAT) | ₹-7.61 Cr | ₹-6.33 Cr | ₹-7.37 Cr |
| Total Borrowings | ₹22.13 Cr | ₹0.30 Cr | ₹0.40 Cr |
How to Apply for Purple Finance Rights Issue 2025
Investors can apply for the Purple Finance Rights Issue 2025 through two convenient methods:
Net Banking via ASBA (Application Supported by Blocked Amount): Shareholders can apply directly through their bank’s net banking portal using the ASBA service. This method allows the application amount to be blocked in the bank account until the shares are allotted. Most banks offer ASBA services under the IPO or Rights Issue section.
Registrar’s Website (R-WAP Facility): Investors can also apply through the Registrar’s Web-Based Application Platform (R-WAP). This method enables eligible shareholders to submit their applications online by filling out the form on the official website of the registrar and making payment through net banking, UPI, or other online payment modes.
Purple Finance Rights Issue 2025 Allotment Status
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
Purple Finance Rights Issue 2025 Lead Managers
- To Be Updated Soon
Purple Finance Rights Issue 2025 Review
- To be Updated Soon
Company Address:
Purple Finance Ltd
Room No. 11, 1st Floor
Indu Chambers 349/353, Samuel Street, Vadgadi,
Masjid Bunder (West), Mumbai
Phone: 02269165100
Email: [email protected]
Website: https://www.purplefinance.in/
Purple Finance Rights Issue 2025 FAQs
What is the entitlement ratio for the Purple Finance Rights Issue?
For the upcoming rights issue opening on June 2, 2025, the entitlement ratio is 3:14, meaning eligible shareholders will receive 3 rights shares for every 14 fully paid-up equity shares held as of the record date, May 23, 2025 (Friday).
What is the price of each rights share and how should I pay?
Each rights equity share is priced at ₹42, and full payment must be made at the time of application. There is no installment-based payment option; investors must pay the entire amount upfront.
Can I sell my rights entitlement if I don’t want to apply?
Yes, shareholders who are not interested in subscribing can renounce (sell) their rights entitlement during the renunciation window, which is scheduled in June 2025 (exact dates to be announced). This allows others to apply for those shares, and shareholders can potentially monetize their entitlements.