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Purple Style Labs Ltd. IPO Review 2026: Listing Dates, Allotment, GMP & Overview

01 Sep 2026

Upcomming IPOs

Purple Style Labs Ltd. IPO Review 2026: Listing Dates, Allotment, GMP & Overview

Purple Style Labs IPO is a ₹680 crore book-building issue comprising entirely of a fresh issue of 1.18 crore shares. The IPO is priced at ₹546 to ₹575 per share and opens on August 31, 2026, closing on September 2, 2026. The minimum retail investment is ₹14,950 for 26 shares. The shares are proposed to list on BSE and NSE on September 7, 2026.

Purple Style Labs IPO Details

IPO Open Date	August 31, 2026
IPO Close Date	September 2, 2026
Issue Size	₹680 crore
Issue Type	Book Building IPO
Price Band	₹546 to ₹575 per share
Issue Price	₹575 per share
Face Value	₹10 per share
Lot Size	26 Shares
Minimum Retail Investment	₹14,950
Fresh Issue	1,18,26,086 shares aggregating up to ₹680 crore
Offer for Sale	Nil
Listing	BSE and NSE
Tentative Listing Date	September 7, 2026
Market Cap at Upper Price	₹4,639.63 crore
Lead Manager	Axis Capital Ltd.
Registrar	KFin Technologies Ltd.

Purple Style Labs IPO Issue Size

Total Issue Size	1,18,26,086 shares aggregating up to ₹680 crore
Fresh Issue	1,18,26,086 shares aggregating up to ₹680 crore
Offer for Sale	Nil
Pre-Issue Shareholding	6,82,35,000 shares
Post-Issue Shareholding	8,06,89,212 shares

Purple Style Labs IPO Timeline

IPO Opens	August 31, 2026
IPO Closes	September 2, 2026
Allotment	September 3, 2026
Refunds	September 4, 2026
Credit of Shares	September 4, 2026
Listing	September 7, 2026

Refer to RHP for detailed information.

About Purple Style Labs Ltd.

Incorporated in August 2015, Purple Style Labs Limited operates Pernia’s Pop-Up Shop (PPUS), a multi-brand luxury omni-channel fashion platform offering curated products across womenswear, menswear, jewellery, accessories and kidswear, with a focus on wedding and occasion wear.

As of March 31, 2026, the Company sourced products from 1,109 active designer brands and operated 14 Experience Centers globally, including 12 in India and one each in London and New York. During Fiscal 2024–2026, it served more than 200,000 unique customers. In Fiscal 2026, Total PPUS GMV stood at ₹7,215.62 million, with an average order value of ₹75,504.88.

The Company follows an omni-channel model through Experience Centers, its website, mobile application, telephonic and digital sales channels, events and exhibitions. It serves customers across India, the US, UK, Middle East, Australia and other international markets.

Business Strengths

Multi-brand omni-channel luxury platform with a broad designer portfolio.
Established relationships with 1,109 active designer brands.
Presence across physical retail and digital channels in domestic and international markets.
Strong customer base and established luxury fashion positioning.
International presence through Experience Centers in London and New York.
Experienced management team with expertise across retail, sales, marketing, product and finance.

Objects of Purple Style Labs IPO

Investment in PSL Retail	₹371.13 crore towards lease liabilities of Experience Centers and back-end offices in India
Sales & Marketing	₹138.90 crore
General Corporate Purposes	Balance amount, subject to applicable limits

Key Risks to Consider

The Company has reported losses in recent financial years, which may affect profitability and cash generation.
Negative net worth and reliance on external borrowings increase financial and liquidity risks.
The business depends on relationships with third-party designer brands and their continued participation on the platform.
Experience Center expansion and associated lease commitments involve execution and fixed-cost risks.
Changes in consumer spending, luxury fashion demand and international markets could affect business performance.

IPO Allotment & Application Status

Registrar: Kfin Technologies Ltd.

NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx

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Purple Style Labs IPO – Frequently Asked Questions

What is the Purple Style Labs IPO size?

The Purple Style Labs IPO size is ₹680 crore and consists entirely of a fresh issue.

What is the Purple Style Labs IPO price band?

The price band is ₹546 to ₹575 per share.

What is the Purple Style Labs IPO lot size?

The lot size is 26 shares. At the upper price of ₹575, the minimum retail application amount is ₹14,950.

When does the Purple Style Labs IPO open and close?

The IPO opens on August 31, 2026 and closes on September 2, 2026.

When is the Purple Style Labs IPO allotment date?

The tentative allotment date is September 3, 2026.

When will Purple Style Labs shares be listed?

Purple Style Labs shares are proposed to list on BSE and NSE on September 7, 2026, subject to applicable approvals and completion of the IPO process.

What does Purple Style Labs do?

Purple Style Labs operates Pernia’s Pop-Up Shop, a multi-brand luxury omni-channel fashion platform offering designer fashion, jewellery, accessories and occasion-wear products through physical and digital channels.

Who are the lead manager and registrar of Purple Style Labs IPO?

Axis Capital Ltd. is the book running lead manager and KFin Technologies Ltd. is the registrar of the issue.

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Sr.no	Particulars	Remarks
1	Name Of Compliance Officer	Nikhil Bhupendrakumar Parikh
2	Educational qualification	BSc hons (Phy) , CNE , CNA , MBA
3	Past Experience	16 Years before joining Monarch on 06/04/2017
4	Certification (NISM-Series-III A)	Provided
5	Date of Expiry of Certificate	10-04-2029
6	Date of Renewal of Certificate	28-02-2026
7	Half-yearly trainings Provided or Not	Yes
8	Date of Appointment	15-05-2017
9	Approval from BOD/Partners for Appointment	28-04-2017
10	Last date of previous compliance officer	14-05-2017
11	Duration for which office was vacant	None
12	Intimation of change to Exchange Sent or not	Yes
13	List of Allotted Trading Terminals - For Compliance Officer & its Team	None