New Delhi, Nov. 28 -- The initial public offering (IPO) of Purple Wave Infocom opened for public subscription today, November 28, and will conclude on Tuesday, December 2. The Rs.31.45 crore SME issue is entirely a fresh issuance of 25 lakh shares with no offer for sale (OFS) component.

The price band for the Purple Wave Infocom IPO has been set between Rs.120 and Rs.126 per equity share.

Smart Horison Capital Advisors is acting as the book-running lead managers for the IPO, while Maashitla Securities Pvt Ltd has been appointed as the registrar.

The basis of allotment for the Purple Wave Infocom IPO is expected to be finalised on Wednesday, December 3. Successful applicants are likely to receive the shares on Thursday, December 4, whil...