4 hrs ago
Purple Style Labs IPO Allotment, GMP Signals Muted Listing
Purple Style Labs asked investors to buy its shares in an IPO.
The IPO was open from August 31 to September 2, and each lot contained 26 shares.
The share-allotment result was scheduled for September 3.
Investors can check whether they received shares on the KFin Technologies, BSE, or NSE websites.
They may need their PAN, application number, or demat account number.
People who did not receive shares were expected to get refunds on September 4.
Successful applicants were expected to receive shares in their demat accounts on the same day.
The grey market premium was only ₹1.5–2, suggesting that the shares might have a quiet listing on September 7.
Purple Style Labs IPO allotment was scheduled to be finalised on Thursday, September 3.
Applicants can check their status through KFin Technologies, BSE, or NSE using PAN, application, or demat details.
The IPO was offered from August 31 to September 2 at ₹546–575 per share, with a 26-share lot size.
The issue was subscribed 1.29 times overall, including 1.43 times by QIBs, 1.57 times by retail investors, and 84% by NIIs.
The GMP stood at ₹1.5–2, implying an estimated listing price near ₹576.5 and a potentially muted listing on September 7.
- Who
- Purple Style Labs Limited and investors who applied for its IPO.
- What
- The allotment status, subscription figures, grey market premium, checking procedures, refund process, and listing schedule for the IPO.
- Where
- Status can be checked through the KFin Technologies, BSE, or National Stock Exchange of India websites; the shares were scheduled to list on BSE and NSE.
- When
- The IPO ran from August 31 to September 2; allotment was scheduled for September 3, refunds and demat credits for September 4, and listing for September 7.
- Why
- Applicants need to determine whether shares were allotted, while the low GMP indicated expectations of a muted listing.
Key facts
- IPO price band
- ₹546–575 per share
- Lot size
- 26 equity shares and multiples thereafter
- IPO amount
- ₹680 crore
- Overall subscription
- 1.29 times; the article also reported 64,000 applications and bids of ₹510 crore
- Investor-category subscription
- QIBs: 1.43 times; retail investors: 1.57 times; NIIs: 84%
- Grey market premium
- ₹1.5–2 per share, down from approximately ₹30–35 during the bidding period
- Refund and listing schedule
- Refunds and demat credits were expected September 4; listing was scheduled on BSE and NSE for September 7
Sources
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