Purple Style Labs Limited, the parent company of luxury fashion platform Pernia’s Pop-Up Shop, entered its second day of public subscription today, September 1, 2026, with a price band of ₹546 to ₹575 per share. As of 10:30 A.M on the second day of bidding, the issue had been subscribed 0.14 times.

The IPO will remain open for subscription until September 2, 2026. The basis of allotment is expected to be finalised on September 3, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 7, 2026.

Purple Style Labs IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹680.00 crore
Fresh Issue: Up to ₹680.00 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹546 to ₹575 per share
Lot Size: 26 shares
Minimum Investment Amount (Retail Investor): ₹14,950 (26 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Axis Capital Limited, IIFL Capital Services Limited
Registrar: Kfin Technologies Limited

Purple Style Labs IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	31 August 2026
Subscription Closing Date	2 September 2026
Basis of Allotment Date	3 September 2026
Refund Initiation Date	4 September 2026
Credit of Shares	4 September 2026
Listing on BSE and NSE	7 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Purple Style Labs IPO Day 2 Subscription Status

[September 1, 2026, 10:30 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.01x
Non-Institutional Investors (NIIs)	0.07x
Retail Individual Investors (RIIs)	0.66x
Total	0.14x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Investment in its wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India.
Funding towards sales and marketing expenses to be incurred by the company
General corporate purposes.

About Purple Style Labs Limited

Purple Style Labs Limited is an omni-channel luxury fashion company and the parent of Pernia's Pop-Up Shop, a multi-brand platform for designer fashion in India. Incorporated in 2015, it sells luxury apparel, jewellery, and accessories through its website, mobile app, experience centres, and curated fashion events.

As of March 31, 2026, the platform featured products from 1,109 active designer brands, including Seema Gujral, Anushree Reddy, Amit Aggarwal, and Rohit Gandhi & Rahul Khanna. Its curated portfolio spans womenswear, menswear, kidswear, jewellery, and accessories, with a strong focus on wedding and occasion wear.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	557.83	489.90	504.37
EBITDA	30.37	41.98	31.63
Profit After Tax (PAT)	(285.39)	(188.38)	(47.71)