What is the GMP of Purple Style Labs IPO today?

The Grey Market Premium (GMP) for Purple Style Labs IPO is currently ₹2. With an upper price band of ₹575, the estimated listing price is ₹577 per share, reflecting an expected listing gain of ~0.35%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Purple Style Labs IPO?

The price band for Purple Style Labs IPO is ₹546 to ₹575 per equity share. The minimum lot size is 26 shares, which requires a minimum retail application investment of ₹14,950.

What are the important dates for Purple Style Labs IPO?

Purple Style Labs IPO opens for subscription on 2026-08-31T00:00:00 and closes on 2026-09-02T00:00:00. The basis of allotment is scheduled for 2026-09-03T00:00:00, and shares are expected to list on 2026-09-07T00:00:00 on BSE, NSE.

How can I check the allotment status for Purple Style Labs IPO?

You can check Purple Style Labs IPO allotment status on the registrar's official portal (KFin Technologies Limited) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Purple Style Labs IPO?

Investors can apply for Purple Style Labs IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Purple Style Labs IPO open and close?

The IPO opens on 31 Aug 2026, and closes on 2 Sept 2026.

What is Purple Style Labs IPO price band?

The issue price band is ₹546.00 to ₹575.00 per equity share.

What is the Purple Style Labs IPO lot size?

The minimum lot size is 26 shares per application.

What is the Purple Style Labs IPO allotment date?

The allotment is scheduled on 3 Sept 2026.

Purple Style Labs IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

680.00 Cr

Price Band

₹546.00 - ₹575.00

Lot Size

26 Shares

Min Investment

₹14,950

GMP

₹2

Subscription

1.36x

₹509.66 Cr

31 Aug 2026

IPO Opens

COMPLETED

02 Sept 2026

IPO Closes

COMPLETED

03 Sept 2026

Basis of Allotment

COMPLETED

04 Sept 2026

Refunds

COMPLETED

04 Sept 2026

Demat Credit

COMPLETED

07 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

31 Aug 2026

IPO ClosesDONE

02 Sept 2026

Basis of AllotmentDONE

03 Sept 2026

RefundsDONE

04 Sept 2026

Demat CreditDONE

04 Sept 2026

ListingDONE

07 Sept 2026

About Purple Style Labs IPO

Purple Style Labs IPO open date is August 31, 2026 and the IPO will close on September 2, 2026. Purple Style Labs IPO is a Book-build Issue. The company to raise around ₹680 crores via IPO that comprises fresh issue of ₹680 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Purple Style Labs IPO price band is ₹[.] to ₹[.] per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. Purple Style Labs IPO to list on BSE, NSE on September 7, 2026. The allotment of Purple Style Labs IPO date is September 3, 2026.

The company reported revenue of ₹494.00 crores in 2025 against ₹510.03 crores in 2024. The company reported loss of ₹188.55 crores in 2025 against loss of ₹47.71 crores in 2024. As per the financials, the IPO investors should apply the IPO for a long term.

IPO Details

Purple Style Labs IPO Details and Specifications
IPO Date	31 Aug 2026 to 02 Sept 2026
Face Value	₹10 Per Share
Price Band	₹546.00 - ₹575.00
Lot Size	26 Shares
Total Issue Size	Approx 680.00 Cr 1,18,26,086 Equity Shares
Fresh Issue	Approx 680.00 Cr 1,18,26,086 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	10%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	07 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹509.66 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	88,69,566	75.00%
- Anchor	53,21,739	45.00%
- QIB (Ex. Anchor)	35,47,827	30.00%
NII	17,73,912	15.00%
- bNII > ₹10L	11,82,608	10.00%
- sNII < ₹10L	5,91,304	5.00%
Retail	11,82,608	10.00%
Total	1,18,26,086	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	26	₹14,950
Individual investors (Retail) (Max)	13	338	₹1,94,350
S-HNI (Min)	14	364	₹2,09,300
S-HNI (Max)	66	1,716	₹9,86,700
B-HNI (Min)	67	1,742	₹10,01,650

About Company

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.

Contact Details

Purple Style Labs Ltd.

CTS No. 1081, Plot no. 110 TPS Village

Service Road, Western Express Highway,

Vile Parle East

Mumbai, Maharashtra, 400057

+91 22 5033 360

investor.relations@purplestylelabs.com

Visit Website

Registrar

KFin Technologies Limited

040-79615565

purplestyle.ipo@kfintech.com

Lead Managers

Axis Capital Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
04-Sep-2026 06:00 PM	+₹2	₹577	+0.35%	₹52
03-Sep-2026 06:00 PM	+₹2	₹577	+0.35%	₹52
02-Sep-2026 06:00 PM	+₹4	₹579	+0.70%	₹104
31-Aug-2026 06:00 PM	+₹28	₹603	+4.87%	₹728
29-Aug-2026 06:00 PM	+₹30	₹605	+5.22%	₹780

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	1.50x	35,47,827	53,21,741	₹306.00 Cr
NII	0.89x	17,73,912	15,78,781	₹90.78 Cr
bNII > ₹10L	1.06x	11,82,608	12,53,564	₹72.08 Cr
sNII < ₹10L	0.55x	5,91,304	3,25,217	₹18.70 Cr
Retail	1.66x	11,82,608	19,63,129	₹112.88 Cr
Total	1.36x	65,04,347	88,63,651	₹509.66 Cr

Objects of the Issue

01 Investment in the wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India : 371.13 Cr
02 Funding towards sales and marketing expenses to be incurred by the Company : 138.90 Cr
03 General Corporate Purposes : 103.13 Cr
04 Issue Expenses : 66.84 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	567.07	494.00	510.03
Profit After Tax	-285.40	-188.38	-47.71
EBITDA	30.37	41.99	31.63
NET Worth	-52.28	117.50	39.51
Reserves and Surplus	-116.40	118.01	39.34
Total Borrowing	371.40	112.79	116.33

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	-23.56%
PAT Margin	-51.16%
EBITDA Margin	5.44%
Net Asset Value (NAV)	₹-7.69

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
NA	-	-	-	-	-

Promoters and Holding Pattern

Abhishek Agarwal is the company's promoter of Purple Style Labs.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	28.26%	—
Others*	71.74%	0.00%

Strengths

They are the largest and fastest-growing multi-brand luxury omni-channel fashion platform in India, selling 208,490 products from 1,109 Active Designer Brands.
The firm sells its products through both online and offline channels with a focus on controlling costs and running its operations efficiently.
It has a strong and growing international presence, serving products across 100 countries, including the United States, the United Kingdom, the Middle East, Canada, and other regions.
The firm is backed by a young, experienced, and well-qualified management team who have experience in the operation of multi-brand, luxury omni-channel fashion platforms.

Risks

The firm has experienced losses of ₹710.29 crore as of March 31, 2026, and generated a negative cash flow from its business. If the losses and negative cash flow continue in the future can negatively affect the company’s financial health and business performance.
The company derives 77.70% of Pernia’s Pop-Up Shop’s total GMV from Womenswear. If the demand for its womenswear decreases or fashion preferences change can badly affect the company’s sales, cash flow, and overall business.
About 74.72% of total PPUS GMV comes from its physical stores. Any slowdown, shutdown, or failure to open new centers can negatively affect the company’s revenue, profits, and cash flow.
Unable to attract new customers, retain old ones, increase sales, or expand into new locations can affect the business’s growth and financial performance.

Frequently Asked Questions (FAQ)

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About Purple Style Labs IPO

IPO Details

Purple Style Labs IPO Details and Specifications
IPO Date	31 Aug 2026 to 02 Sept 2026
Face Value	₹10 Per Share
Price Band	₹546.00 - ₹575.00
Lot Size	26 Shares
Total Issue Size	Approx 680.00 Cr 1,18,26,086 Equity Shares
Fresh Issue	Approx 680.00 Cr 1,18,26,086 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	10%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	07 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹509.66 Cr

Investor Category

Shares Offered

% Net Issue

QIB

88,69,566

75.00%

- Anchor

53,21,739

45.00%

- QIB (Ex. Anchor)

35,47,827

30.00%

NII

17,73,912

15.00%

- bNII > ₹10L

11,82,608

10.00%

- sNII < ₹10L

5,91,304

5.00%

Retail

11,82,608

10.00%

Total

1,18,26,086

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,950

Individual investors (Retail) (Max)

338

₹1,94,350

S-HNI (Min)

364

₹2,09,300

S-HNI (Max)

1,716

₹9,86,700

B-HNI (Min)

1,742

₹10,01,650

About Company

Contact Details

Purple Style Labs Ltd.

CTS No. 1081, Plot no. 110 TPS Village

Service Road, Western Express Highway,

Vile Parle East

Mumbai, Maharashtra, 400057

+91 22 5033 360

investor.relations@purplestylelabs.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

04-Sep-2026 06:00 PM

+₹2

₹577

+0.35%

₹52

03-Sep-2026 06:00 PM

+₹2

₹577

+0.35%

₹52

02-Sep-2026 06:00 PM

+₹4

₹579

+0.70%

₹104

31-Aug-2026 06:00 PM

+₹28

₹603

+4.87%

₹728

29-Aug-2026 06:00 PM

+₹30

₹605

+5.22%

₹780

Purple Style Labs IPO Details

About Purple Style Labs IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Purple Style Labs IPO open and close?

What is Purple Style Labs IPO price band?

What is the Purple Style Labs IPO lot size?

What is the Purple Style Labs IPO allotment date?

What is the Purple Style Labs IPO listing date?

What is the minimum investment required in Purple Style Labs IPO?

Join the discussion

Purple Style Labs IPO Details

About Purple Style Labs IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Purple Style Labs IPO open and close?

What is Purple Style Labs IPO price band?

What is the Purple Style Labs IPO lot size?

What is the Purple Style Labs IPO allotment date?

What is the Purple Style Labs IPO listing date?

What is the minimum investment required in Purple Style Labs IPO?

Join the discussion