GMP IPO Watch
Purple Style Labs IPO Closes Today: GMP Falls as Investors Take a Cautious Approach
Purple Style Labs IPO closes today, September 2, 2026. Check GMP, subscription status, pri...
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P
Mainboard IPO
LISTED
NSE, BSE
PERNIASPOP
Purple Style Labs IPO
Purple Style Labs IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹2
+0.3%
Est. Listing: ₹577.00
Price Band
₹546 - ₹575
Per equity share
Lot Size
26 Shares
Min Invest: ₹14,950
Issue Size
₹680 Cr
Total Public Offering
Issue Dates
30 August 2026 – 1 September 2026
Bidding period
Subscription
1.29x
Total overall demand
Purple Style Labs IPO Details
Key facts at a glance| IPO Open Date | 30 August 2026 | IPO Close Date | 1 September 2026 |
|---|---|---|---|
| Basis of Allotment | 2 September 2026 | Listing Date | 6 September 2026 |
| Price Band | ₹546 - ₹575 per share | Face Value | ₹10 per share |
| Market Lot Size | 26 Shares | Min Investment (Retail) | ₹14,950 |
| Total Issue Size | ₹680 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Purple Style Labs IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 30 August 2026 | Confirmed |
| IPO Close Date | 1 September 2026 | Confirmed |
| Basis of Allotment | 2 September 2026 | Tentative |
| Initiation of Refunds | 4 September 2026 | Tentative |
| Credit of Shares to Demat | 4 September 2026 | Tentative |
| IPO Listing Date | 6 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 2 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Purple Style Labs IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 26 Shares | ₹14,950 |
| Retail (Max) | 13 Lots | 338 Shares | ₹1,94,350 |
| S-HNI (Min) | 14 Lots | 364 Shares | ₹2,09,300 |
| S-HNI (Max) | 66 Lots | 1,716 Shares | ₹9,86,700 |
| B-HNI (Min) | 67 Lots | 1,742 Shares | ₹10,01,650 |
Purple Style Labs IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹2 +0.3%
Estimated Listing Price
₹577.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 6 Sept 2026 | ₹2 | ₹577.00 | +0.35% |
| 3 Sept 2026 | ₹2 | ₹577.00 | +0.35% |
| 1 Sept 2026 | ₹10 | ₹585.00 | +1.74% |
| 31 Aug 2026 | ₹28 | ₹603.00 | +4.87% |
| 27 Aug 2026 | ₹0 | ₹575.00 | 0.00% |
| 26 Aug 2026 | ₹0 | ₹575.00 | 0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Purple Style Labs IPO Subscription Status
Demand breakdown by investor category
Retail
1.58x
QIB
1.43x
NII / HNI
0.84x
Total
1.29x
About Purple Style Labs
Purple Style Labs operates Pernia’s Pop-Up Shop, an omni-channel luxury platform offering curated wedding and occasion wear, menswear, womenswear, jewellery, accessories, and kidswear. It reaches domestic and global customers—including India, the US, the UK, and the Middle East—via physical Experience Centers, digital channels, and its website and mobile app. The platform helps designer brands scale globally without building separate retail infrastructure, generating revenue primarily from direct luxury product sales.
Purple Style Labs IPO Reservation & Share Quotas
The Purple Style Labs IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the category-wise reservation structure, 75% of the net issue is allocated to Qualified Institutional Buyers, 15% to Non-Institutional Investors and 10% to Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Note: Purple Style Labs has reserved 75% of the net offer for QIBs, 15% for NIIs and 10% for Retail Investors. The exact number of shares under each category and the anchor allocation can be updated after the final allocation details are announced.
Purple Style Labs IPO Anchor Investors
The Purple Style Labs IPO anchor bidding is scheduled for August 28, 2026, ahead of the public issue opening on August 31, 2026.
The final number of equity shares allocated to anchor investors, total anchor book size and the complete list of participating anchor investors are currently awaited. These details will be available after completion of the anchor allocation.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 28, 2026 |
| Anchor Investors List | Awaited |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: Anchor bidding for the Purple Style Labs IPO is scheduled for August 28, 2026. The anchor shares, anchor issue size, investor names and applicable lock-in expiry dates can be updated after the anchor allocation is officially announced.
Purple Style Labs IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 31 Aug 2026 |
| IPO Close Date | 02 Sept 2026 |
| Basis of Allotment | 03 Sept 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Sept 2026 |
Note: The timeline for જાંબલી શૈલીની પ્રયોગશાળાઓ IPO is tentative and subject to change.
Purple Style Labs Promoters and Shareholding Pattern
The promoter of Purple Style Labs Limited is Abhishek Agarwal. Before the IPO, the promoter and promoter group hold 1,92,80,000 equity shares, representing approximately 28.26% of the company's pre-IPO equity share capital.
Other shareholders collectively hold 4,89,55,000 equity shares, equivalent to approximately 71.74% of the pre-IPO share capital. The company's total pre-IPO outstanding equity shares stand at 6,82,35,000 shares.
Promoter of Purple Style Labs
- Abhishek Agarwal
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,92,80,000 | 28.26% | – | -% |
| Others* | 4,89,55,000 | 71.74% | – | -% |
| Total | 6,82,35,000 | 100% | – | 100% |
Holding Pattern: Abhishek Agarwal and the promoter group hold 28.26% of Purple Style Labs before the IPO. As the IPO is a fresh issue, the promoter's percentage holding will be diluted after issuance of the new equity shares.
Purple Style Labs Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Purple Style Labs About the IPO
Purple Style Labs, founded in 2015, runs a Pernia’s Pop-Up Shop (“PPUS”), a multi-brand luxury fashion platform. They offer their products both offline and online through their own website and mobile application. Under the PPUS brand, the company sells over 2.11 lakh products across women’s wear, men’s wear, jewellery, accessories, and kids’ wear from 1,312 active designer brands.
Moreover, the website also features some of the well-known designers like Seema Gujral, Anushree Reddy, Amit Aggarwal, and Rohit Gandhi & Rahul Khanna. Moreover, the firm has served over 200,000 unique customers across 140 countries between FY23 and FY25. In fact, in FY25, the business reported 18.57 million unique visitors, 70,651 customers, and 104,856 orders across 100 countries.
Purple Style Labs Company Financial Report
To Be Updated Soon
Purple Style Labs Company Valuation & Key Performance Indicators
To Be Updated Soon
Purple Style Labs Peer Group Comparison
To Be Updated Soon
Purple Style Labs Lead Managers & Merchant Bankers
- Axial Capital Pvt. Ltd.
- IIFL Capital Services Ltd.
Purple Style Labs IPO FAQs
Purple Style Labs IPO opens for subscription on 30 August 2026 and closes on 1 September 2026.
The price band for Purple Style Labs IPO is set at ₹546.00 to ₹575.00 per share.
The minimum market lot size is 26 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 26 Shares (₹14,950).
The latest Grey Market Premium (GMP) for Purple Style Labs IPO is ₹2. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Purple Style Labs IPO is tentatively scheduled for 2 September 2026, and shares are expected to list on the stock exchanges on 6 September 2026.
The registrar details will be confirmed in the official prospectus.
Purple Style Labs IPO Analysis & Articles
