5 days ago
Purple Style Labs IPO Opens August 31 at ₹546–₹575
Purple Style Labs is bringing its shares to the public through an IPO.
People can apply to buy shares from August 31 to September 2, 2026.
Each share will cost between ₹546 and ₹575.
The company wants to raise ₹680 crore from investors.
The money will go directly to the company because all the shares are newly issued.
A small investor must apply for at least 26 shares.
The shares are expected to be listed on the NSE and BSE on September 7.
The grey market premium was nil, which suggests the shares may list near their issue price.
Purple Style Labs’ IPO will be open for subscription from August 31 to September 2, 2026.
The price band is ₹546–₹575 per equity share, with the company targeting ₹680 crore.
The offering is entirely a fresh issue of 1.18 crore shares, with no offer-for-sale component.
The minimum lot is 26 shares, requiring a retail investment of ₹14,950 at the upper price band.
The shares are proposed to list on the NSE and BSE on September 7, while the grey market premium was nil.
- Who
- Purple Style Labs Limited, a multi-brand luxury fashion platform.
- What
- The company is launching a ₹680 crore mainboard IPO consisting entirely of a fresh issue of 1.18 crore shares.
- Where
- The shares are proposed to list on the National Stock Exchange and BSE Ltd.
- When
- The IPO is scheduled to open on August 31 and close on September 2, 2026; listing is proposed for September 7, 2026.
- Why
- The company is raising funds through the IPO; the article does not specify a detailed use of proceeds.
Key facts
- IPO price band
- ₹546–₹575 per equity share
- Issue size
- ₹680 crore
- Issue structure
- Fresh issue of 1.18 crore shares; no offer-for-sale component
- Lot size
- 26 shares
- Minimum retail investment
- ₹14,950
- Investor reservation
- Up to 75% for QIBs, at least 15% for NIIs, and at least 10% for retail investors
- Grey market premium
- Nil, according to market sources
Sources
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