Purple Style Labs IPO to Open on August 31: Price Band Set at ₹546–₹575
Source: Mint Markets
Arth Insight · What this means for your wallet
- Purple Style Labs IPO opens for subscription on August 31 at a price band of ₹546–₹575.
- The company aims to raise ₹680 crore through a fresh issue of 1.18 crore shares.
- Share allotment is expected by September 3, with the listing scheduled for September 7 on NSE and BSE.
Wealth-Impact Simulator
See what a one-time investment could grow to.
Indicative estimate for education only — not investment advice.
Explore investmentsPurple Style Labs is set to launch its ₹680 crore Initial Public Offering (IPO) on August 31, 2024. The luxury fashion house has fixed a price band of ₹546 to ₹575 per share, with plans to list on both NSE and BSE.
- ▸Purple Style Labs IPO opens for subscription on August 31 at a price band of ₹546–₹575.
- ▸The company aims to raise ₹680 crore through a fresh issue of 1.18 crore shares.
- ▸Share allotment is expected by September 3, with the listing scheduled for September 7 on NSE and BSE.
- ▸The funds will likely support the company's expansion in the luxury multi-designer retail space.
- ✓Purple Style Labs IPO opens for subscription on August 31 at a price band of ₹546–₹575.
- ✓The company aims to raise ₹680 crore through a fresh issue of 1.18 crore shares.
- ✓Share allotment is expected by September 3, with the listing scheduled for September 7 on NSE and BSE.
- ✓The funds will likely support the company's expansion in the luxury multi-designer retail space.
Purple Style Labs, the luxury fashion house behind the multi-designer platform Pernia’s Pop-Up Shop, is ready to tap the primary market with its Initial Public Offering (IPO) scheduled to open on August 31. The company aims to raise a total of ₹680 crore through this public issue, marking a significant milestone in the Indian luxury retail sector.
IPO Details and Price Band
The company has fixed the price band for the offer at ₹546 to ₹575 per equity share. The total issue size consists of 1.18 crore fresh equity shares. Investors can participate in the offering starting from August 31, with the subscription window expected to remain open for three business days. The proceeds from the fresh issue are typically utilized for expansion of retail stores, technology upgrades, and general corporate purposes.
Key Dates and Allotment
Following the close of the subscription period, the basis of allotment is expected to be finalized by September 3. For investors who are not allotted shares, the refund process will commence shortly thereafter, while successful bidders will see the shares credited to their demat accounts. The company is scheduled to make its debut on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on September 7.
Market Sentiment and Outlook
While the Grey Market Premium (GMP) often serves as an unofficial indicator of investor sentiment, retail investors should focus on the company's fundamentals in the premium fashion segment. Purple Style Labs has been aggressive in its domestic and international expansion, positioning itself as a major aggregator in the luxury designer space. The listing comes at a time when the Indian primary market is seeing robust activity across various sectors.
- Issue Size: ₹680 Crore
- Price Band: ₹546 – ₹575
- Fresh Issue: 1.18 Crore shares
- Listing Date: September 7
This report is for informational purposes only and does not constitute financial advice. IPO investments are subject to market risks.
Community Pulse · This story
How readers rate the outlook after reading this article. Anonymous · one vote per reader · updates live.
Some listings may be sponsored and Arth Vani may earn a referral fee. All information is for educational purposes only — verify terms and suitability with the provider before acting. Not financial advice.
Frequently Asked Questions
What is the price band for the Purple Style Labs IPO?
The price band has been fixed between ₹546 and ₹575 per equity share.
When will Purple Style Labs list on the stock exchanges?
The company is expected to list its shares on the NSE and BSE on September 7.
How much money is Purple Style Labs raising through this IPO?
The company aims to raise a total of ₹680 crore through the issuance of 1.18 crore new shares.
Join the Arth Vani channels
Daily news summaries, IPO & market alerts on Telegram and WhatsApp.
Because you read about Stock Market
IPOBreakingTempsens Instruments Lists at 111% Premium: Should You Hold or Book Profits?
Tempsens Instruments made a stellar debut on the NSE SME platform, listing at ₹634 against an issue price of ₹300. While the stock saw some cooling off post-listing, it remains a multibagger for initial allottees with over 95% gains.
Iris Clothing Stock Nears 52-Week High on Nippon Life India's Stake Buy
Iris Clothing shares saw a significant jump, nearing their 52-week high, following a substantial stake acquisition by Nippon Life India Asset Management. The company also reported improved profits for the first quarter of FY27.
IPOBreakingPriority Jewels IPO Fully Subscribed on Day 1: GMP Signals 19% Listing Gain
The ₹92.16 crore Priority Jewels IPO has seen strong investor interest, getting fully subscribed on its opening day. Market observers report a Grey Market Premium (GMP) of ₹37, suggesting a potential 19% listing gain for investors.
Related Stories
IPOBreakingTempsens Instruments Lists at 111% Premium: Should You Hold or Book Profits?
Tempsens Instruments made a stellar debut on the NSE SME platform, listing at ₹634 against an issue price of ₹300. While the stock saw some cooling off post-listing, it remains a multibagger for initial allottees with over 95% gains.
Iris Clothing Stock Nears 52-Week High on Nippon Life India's Stake Buy
Iris Clothing shares saw a significant jump, nearing their 52-week high, following a substantial stake acquisition by Nippon Life India Asset Management. The company also reported improved profits for the first quarter of FY27.
IPOBreakingPriority Jewels IPO Fully Subscribed on Day 1: GMP Signals 19% Listing Gain
The ₹92.16 crore Priority Jewels IPO has seen strong investor interest, getting fully subscribed on its opening day. Market observers report a Grey Market Premium (GMP) of ₹37, suggesting a potential 19% listing gain for investors.
IPOBreakingTempsens Instruments IPO Shares Soar 110% on BSE Debut
Tempsens Instruments shares made a strong debut on the BSE, listing at ₹631.20, a premium of 110.40% over its IPO issue price of ₹300. The stock also saw a significant premium on the NSE, opening at ₹634.00.