3 days ago
Seven IPOs Including Purple Style Labs Open Next Week
Seven companies plan to sell shares to the public next week.
This is called an initial public offering, or IPO.
Three companies are larger mainboard businesses, and four are smaller SME businesses.
Purple Style Labs has the biggest offering at ₹680 crore.
Deepa Jewellers will sell both newly issued shares and shares held by existing investors.
The IPOs will open between August 31 and September 1 and close between September 2 and September 3.
Investors will see different prices and share quantities for each offering.
The articles do not say whether the IPOs will be successful.
Seven IPOs are scheduled to open across India’s mainboard and SME segments.
Purple Style Labs will raise ₹680 crore through a fresh issue priced at ₹546–₹575 per share.
Deepa Jewellers’ ₹459.72-crore offering includes a ₹250-crore fresh issue and a ₹209.72-crore offer for sale.
Rays of Belief will raise ₹125 crore, while four SME IPOs range from ₹14.58 crore to ₹56.35 crore.
Eight mainboard IPOs are also expected to list, while three currently open offerings will close next week.
- Who
- Purple Style Labs, Deepa Jewellers, Rays of Belief, Ashutosh Fibre, Shanti Inorganics, Phychem Technologies and Farm Peace.
- What
- Seven IPOs will open for subscription: three mainboard issues and four SME issues.
- Where
- India’s primary market.
- When
- The offerings are scheduled to open on August 31 or September 1 and close on September 2 or September 3. One article dates Deepa Jewellers’ offering to September 1–3, 2026.
- Why
- The companies are offering shares to raise funds; Deepa Jewellers’ issue also includes shares sold by existing shareholders.
Key facts
- Total new IPOs
- Seven: three mainboard issues and four SME issues.
- Mainboard fundraising
- Purple Style Labs, Deepa Jewellers and Rays of Belief aim to raise more than ₹1,265 crore collectively.
- Purple Style Labs
- ₹680 crore fresh issue of 1.18 crore shares; price band ₹546–₹575; subscription from August 31 to September 2.
- Deepa Jewellers
- ₹459.72 crore total issue, comprising a ₹250-crore fresh issue and a ₹209.72-crore offer for sale; price band ₹168–₹177.
- Rays of Belief
- ₹125 crore fresh issue of 0.52 crore shares; price band ₹227–₹239; subscription from September 1 to September 3.
- SME IPOs
- Ashutosh Fibre: ₹56.35 crore; Shanti Inorganics: ₹47.24 crore; Phychem Technologies: ₹14.58 crore; Farm Peace: ₹32 crore.
- Other market activity
- Eight new mainboard IPOs are expected to list, while three currently open offerings will close next week.
Sources
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