Purple Style Labs IPO

Listed on the exchange

Purple Style Labs priced its issue at ₹575.00 and began trading on 7 September 2026.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

Issue dates

1. Anchor investor biddingCompleted

   28 August 2026

   One day before the public window, for institutional anchors.

2. Bidding opensCompleted

   31 August 2026

3. Bidding closesCompleted

   2 September 2026

4. Basis of allotmentCompleted

   3 September 2026

5. Refunds initiatedCompleted

   4 September 2026

6. Shares credited to DematCompleted

   4 September 2026

7. Listing on the exchangeCompleted

   7 September 2026

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

About Purple Style Labs

Purple Style Labs Ltd. runs Pernia's Pop-Up Shop, a multi-brand luxury fashion platform that sells through physical Experience Centers, its own website, mobile apps, and events. The company incorporated in 2015 and lists its registered office on the Western Express Highway in Vile Parle East, Mumbai. It earns revenue by selling curated designer clothing and accessories to retail customers and by giving designer brands access to its distribution network. The catalogue covers womenswear, menswear, jewellery, accessories, and kidswear, with a focus on wedding and occasion wear. As of March 31, 2026, the platform carried products from 1,109 active designer brands and operated 14 Experience Centers: 12 in India, one in London, and one in New York. In Fiscal 2026 the platform recorded Total PPUS GMV of INR 7,215.62 million and an average order value of INR 75,504.88. Customers come from India, the United States, the United Kingdom, the Middle East, Australia, and other markets. The company employed 1,266 permanent staff as of March 31, 2026, and Abhishek Agarwal serves as Promoter, Whole-Time Director and CEO.

Promoter

• Abhishek Agarwal

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

• Investment in wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India

  ₹371.13 Cr

• Funding towards sales and marketing expenses to be incurred by the Company

  ₹138.90 Cr

• General Corporate Purposes

  ₹103.13 Cr

• Issue Expenses

  ₹66.84 Cr

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

Sources

• National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
• BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
• Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
• Purple Style Labs issue particulars are compiled and published by DematOpen, refreshed every 30 minutes, and reviewed by the editorial team. The record was last updated 15 September 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.