Archive · 26 Aug 2026
Purple Style Labs Sets ₹680 Crore IPO Price Band, Dates
Purple Style Labs owns Pernia’s Pop-Up Shop, a luxury fashion shopping business.
It wants to sell new shares to the public through an IPO.
Each share will cost between ₹546 and ₹575.
People can apply from August 31 to September 2.
Large investors are scheduled to bid on August 28.
The company hopes to raise ₹680 crore before expenses.
Much of the money will support its retail subsidiary, lease payments, advertising and customer acquisition.
The company operates online and through 14 physical experience centres.
Purple Style Labs has set its IPO price band at ₹546-₹575 per share, with a lot size of 26 shares.
The ₹680 crore IPO will open on August 31 and close on September 2, with anchor bidding scheduled for August 28.
The issue consists entirely of 1.18 crore fresh equity shares and has no Offer for Sale component.
The company plans to invest ₹371.13 crore in PSL Retail and allocate ₹138.90 crore to sales and marketing.
Pernia’s Pop-Up Shop offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 experience centres.
- Who
- Purple Style Labs Ltd, the parent company of Pernia’s Pop-Up Shop and a business promoted by Abhishek Agarwal.
- What
- The company is launching a ₹680 crore IPO consisting entirely of 1.18 crore fresh equity shares priced at ₹546-₹575 each.
- When
- Anchor bidding is scheduled for August 28; public subscription is scheduled for August 31 to September 2; allotment is expected on September 3 and listing on September 7.
- Where
- The IPO is being offered in India, while the company operates 14 experience centres across India, London and New York.
- Why
- The proceeds will support PSL Retail’s lease liabilities and back-end offices, sales and marketing, and general corporate purposes.
Growth and Expansion Case
Financial Risk Concerns
Business growth
Growth and Expansion Case
The company has expanded Pernia’s Pop-Up Shop to 14 experience centres, offers more than 2 lakh products, and reported strong revenue growth in recent years.
Financial Risk Concerns
One report said the company’s FY26 net loss increased to ₹285.40 crore from ₹188.38 crore in FY25.
IPO funding
Growth and Expansion Case
The fresh capital is intended to fund retail lease liabilities, back-end offices, sales, marketing, customer acquisition and brand building.
Financial Risk Concerns
Because the issue has no Offer for Sale component, the IPO is entirely a new share issue, which can increase the company’s outstanding share base.
Market opportunity
Growth and Expansion Case
The reports cite growth in India’s wedding, wedding-wear and personal luxury markets as supportive conditions for the company.
Financial Risk Concerns
The articles provide market-growth estimates but do not establish that those trends will eliminate the company’s reported losses.
- Price band
- ₹546-₹575 per equity share
- Issue size
- ₹680 crore at the upper end of the price band
- Issue structure
- Fresh issue of 1.18 crore equity shares with no Offer for Sale component
- Lot size
- 26 equity shares and multiples thereafter
- Use of proceeds
- ₹371.13 crore for PSL Retail, ₹138.90 crore for sales and marketing, and the balance for general corporate purposes
- Expected net proceeds
- ₹510.03 crore
- Retail platform
- More than 2 lakh products from over 1,300 designers through an online platform and 14 experience centres
- Financial performance
- One report said FY26 net loss rose 51% year-on-year to ₹285.40 crore, while operating revenue increased 14% to ₹557.8 crore
Sources
Pernia’s Pop-Up Shop Parent Purple Style Labs To Launch ₹680 Crore IPO On August 31
Purple Style Labs Sets IPO Price Band At ₹546-575 per Share, Issue To Open On August 31
Purple Style Labs IPO: Pernia’s pop-up shop operator price band at Rs 564-575; Check details
