Purple Finance Rights Issue 2025 description – Purple Finance entered retail MSME-secured lending and focused on entrepreneurs in tier II, III, and IV cities. For micro and small businesses, they offer loans from INR 3 lakh to INR 30 lakh. With 25 branches already set up, Purple Finance has impacted over 2000 lives by providing affordable, timely, and sufficient credit.
As of March 2025, Purple Finance has 154 Relationship Managers in branch offices and 640 external DSAs/Connectors as key touchpoints. They mostly operate in semi-urban areas and Tier III and Tier IV cities. Since its inception, PFL has disbursed INR 45 crore to nearly 800 clients. Each loan is backed by self-occupied residential or commercial properties. PFL ensures a seamless lending experience for its customers through technology.
As of now, the company has 335 employees. By 31 December 2024, the company has only 5 NPA customers amounting to INR 28.84 lakhs which is 0.39% of its portfolio.
Promoters of Purple Finance – Amitabh Chaturvedi, Minal Chaturvedi, Abhishek Chaturvedi, Asher Foods Private Limited, and Saguna Mercantile Private Limited
Table of Contents
Purple Finance Rights Issue 2025 Details
| Purple Finance Rights Issue Date | 2 – 16 June 2025 |
| Purple Finance Rights Issue Price | INR 42 per share |
| Issue Size (in Shares) | 96,04,273 Shares |
| Issue Size (in INR) | INR 40.34 crore |
| Issue Entitlement | 3 equity shares for every 14 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Purple Finance Rights Issue Record Date | 23 May 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Purple Finance Rights Issue 2025 Calculation
| Purple Finance Rights Issue Price | INR 42 per share |
| Market Price on Rights Issue Approval | INR 46.45 per share |
| Dilution Factor (X) | 1.21 |
| Fair Value After Dilution at Prevailing Price | INR 45.66 per share |
Purple Finance Financial Performance
| FY 2023 | FY 2024 | |
| Revenue | 2.56 | 4.44 |
| Expenses | 7.97 | 15.47 |
| OPM (%) | (211.33) | (248.42) |
| Net income | (6.33) | (7.61) |
| ROCE (%) | – | (26.52) |
Purple Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- Augmenting the capital base – INR 28.96 crore
- General Corporate Purposes – INR 9.65 crore
Purple Finance Rights Offer Documents
- Purple Finance Rights Issue Application Form
- Purple Finance Letter of Offer
- Board Meeting Outcome
- Purple Finance Draft Letter of Offer
- Rights Issue in 2024
Purple Finance Rights Issue Dates
| Rights Issue Approval Date | 15 May 2025 |
| Rights Issue Record Date | 23 May 2025 |
| Credit of Rights Entitlement | 28 May 2025 |
| Rights Issue Opening Date | 2 June 2025 |
| Last Date for Market Renunciation | 5 June 2025 |
| Rights Issue Closing Date | 16 June 2025 |
| Finalization of Basis of Allotment | 20 June 2025 |
| Rights Allotment Date | 21 June 2025 |
| Credit Date | 24 June 2025 |
| Listing Date | 23 June 2025 |
Purple Finance Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132/ 31998810 / 4970 0138
Email: [email protected]
Website: www.purvashare.com
Purple Finance Issue Contact Details
PURPLE FINANCE LIMITED
705/706, 7th Floor, Hallmark Business Plaza,
Opposite Gurunanak Hospital, Bandra East, Mumbai – 400 051
Phone: 022-69165100
E-mail: [email protected]
Website: www.purplefinance.in
Purple Finance Rights Offer FAQs
What is the Purple Finance Rights Issue Price?
The issue price is INR 42 per share.
What is the Purple Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 14 Equity Shares held on the record date.
What is the Purple Finance Rights Issue Record Date?
The Record date is 23 May 2025.
How to Apply for Purple Finance Rights Offer?
The best way to apply for Purple Finance Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.