Purple Style Labs IPO Lists at 7% Discount on NSE
Purple Style Labs Limited made its stock market debut on Monday, September 7, 2026, with its shares listing at a 6.96% discount on the NSE. The stock opened at ₹535.00 on the NSE against its IPO issue price of ₹575 per share. On the BSE, the shares debuted at ₹539.00, representing a 6.26% discount over the issue price.
The ₹680.00 crore public issue was open for subscription from August 31 to September 2, 2026, and was subscribed 1.29 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Purple Style Labs IPO Overall Subscription Status
[September 2, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.43x |
|
Non-Institutional Investors (NIIs) |
0.84x |
|
Retail Individual Investors (RIIs) |
1.58x |
|
Total |
1.29x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding the capital expenditure requirements of the company for purchase of machinery and equipment.
- Funding the working capital requirements of 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, one of India's leading multi-brand designer fashion platforms. Founded in 2015, it offers 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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