Purple Style Labs IPO Day 3: Subscription Status, Timeline & Key Issue Details
Purple Style Labs Limited’s ₹680.00 crore IPO entered its final day of public subscription today, September 2, 2026, with a price band of ₹546 to ₹575 per share. As of 10:45 A.M on the third day of bidding, the issue had been subscribed 0.27 times.
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 3 Subscription Status
[September 2, 2026, 10:40 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.06x |
|
Non-Institutional Investors (NIIs) |
0.15x |
|
Retail Individual Investors (RIIs) |
1.11x |
|
Total |
0.27x |
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 retails 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 across 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) |
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