New Delhi, Dec. 3 -- Purple Wave Infocom IPO allotment: The allotment for Purple Wave Infocom's initial public offering (IPO) is in focus following the completion of its share sale.

Purple Wave Infocom IPO allotment date is fixed as Wednesday, December 3. The credit of shares in the account of the allottees is expected on Thursday, December 4, while the refund to non-allottees will also take place on the same day.

Purple Wave Infocom IPO was open for bidding from November 28 to December 2. The issue was subscribed 6.88 times, as it received bids for 1,19,22,000 shares as against 17,34,000 shares on offer.

The retail portion of the IPO received bids for 3.80 times, the NII portion 7.69 times and the QIB segment 11.85 times.

The Rs.31.4...