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Purple Style Labs Limited IPO | Key Dates, Price Band, and Lot Size
Author
Shoonya Team
Purple Style Labs Limited is launching a ₹680 crore IPO, with subscription opening on August 31, 2026. The IPO will close on September 2, 2026. The shares will be listed on the BSE and NSE, with a tentative listing date of September 7, 2026.
The price band is set at ₹546 – ₹575 per share, and the minimum IPO lot size is 26 shares. Retail investors need a minimum investment of ₹14,950 at the upper price band. In comparison, sNII investors must apply for at least 364 shares worth ₹2,09,300, while bNII investors must apply for at least 1,742 shares worth ₹10,01,650.
The Purple Style Labs IPO is entirely a fresh issue of approximately 1.18 crore shares, aggregating up to ₹680 crore. It does not include an offer for sale by existing shareholders.
Purple Style Labs Limited | IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | August 31, 2026 |
| IPO Closing Date | September 2, 2026 |
| Tentative IPO Listing Date | September 7, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹546 – ₹575 per share |
| Lot Size | 26 shares |
| Total Issue Size | Approximately 1.18 crore shares (₹680 Cr) |
| Fresh Issue | Approximately 1.18 crore shares (₹680 Cr) |
| Offer for Sale | Not applicable |
| IPO Segment | Main Board, Book-Building IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 6,82,35,000 shares |
| Market Cap (At Upper Price) | ₹4,639.63 Cr |
Purple Style Labs Limited | Company Overview
Purple Style Labs Limited operates a multi-brand luxury fashion platform under Pernia’s Pop-Up Shop. It offers womenswear, menswear, jewellery, accessories and kidswear, with a focus on wedding and occasion wear.
The company follows an omnichannel model comprising Experience Centres, its website, mobile application, exhibitions and digital sales channels. As of March 31, 2026, it had 14 Experience Centres globally, including 12 in India and one each in London and New York. Its platform offered products from 1,109 active designer brands.
Between FY24 and FY26, the company served more than 2 lakh unique customers. In FY26, it recorded a total Pernia’s Pop-Up Shop gross merchandise value of ₹721.56 crore and an average order value of ₹75,504.88. As of March 31, 2026, the company had 1,266 permanent employees.
Considering the Purple Style Labs IPO?
Subscription open August 31 – September 2, 2026 · Price band ₹546–₹575 · Min. investment ₹14,950
Purple Style Labs Limited | Key Dates
- IPO Opening Date: August 31, 2026
- IPO Closing Date: September 2, 2026
- Allotment Date: September 3, 2026
- Refunds Initiated: September 4, 2026
- Shares Credited to Demat: September 4, 2026
- Listing Date: September 7, 2026
- Cut-off Time for UPI Mandate Confirmation: Typically 5 PM on the IPO closing date, September 2, 2026
Purple Style Labs IPO | Lot Size & Investment
Investors can bid for a minimum of 26 shares and in multiples thereof. The application amounts below are calculated at the upper price band of ₹575 per share.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 26 | ₹14,950 |
| Retail Maximum | 13 | 338 | ₹1,94,350 |
| sNII Minimum | 14 | 364 | ₹2,09,300 |
| sNII Maximum | 66 | 1,716 | ₹9,86,700 |
| bNII Minimum | 67 | 1,742 | ₹10,01,650 |
Investor Category Reservations
| Category | Application Value | Cut-off Price Option |
|---|---|---|
| RII | Up to ₹2 Lakh | Yes |
| sNII | Above ₹2 Lakh and up to ₹10 Lakh | No |
| bNII | Above ₹10 Lakh | No |
Shares are reserved as follows: not less than 75% of the issue for Qualified Institutional Buyers, not more than 10% for retail investors and not more than 15% for Non-Institutional Investors.
Purple Style Labs Limited | Financial Overview
Purple Style Labs Limited’s total income increased by approximately 15% between the financial years ending March 31, 2025, and March 31, 2026.
Here’s a snapshot of its year-on-year financial performance:
| Detail | 31-Mar-26 | 31-Mar-25 | Change | Change % |
|---|---|---|---|---|
| Assets | 829.60 | 497.05 | +332.55 | +66.90% |
| Total Income | 567.07 | 494.00 | +73.07 | +14.79% |
| Profit After Tax | -285.40 | -188.38 | -97.02 | Net loss widened by 51.50% |
| EBITDA | 30.37 | 41.99 | -11.62 | -27.67% |
| Net Worth | -52.28 | 117.50 | -169.78 | Turned negative |
| Reserves & Surplus | -116.40 | 118.01 | -234.41 | Turned negative |
| Total Borrowings | 371.40 | 112.79 | +258.61 | +229.29% |
Amounts are in ₹ crore.
Purple Style Labs IPO | FAQs
When does the Purple Style Labs IPO open and close?
The Purple Style Labs IPO opens on August 31, 2026, and closes on September 2, 2026.
What is the price band and lot size for the Purple Style Labs IPO?
The price band is ₹546 to ₹575 per share, and the minimum lot size is 26 shares. Retail investors must apply for at least one lot, amounting to ₹14,950 at the upper price band.
How can I check the allotment status of the Purple Style Labs IPO?
You can check the IPO allotment status on the registrar KFin Technologies Limited’s website using your PAN, application number or Demat account details. The status may also be available through the BSE and NSE issue pages.
Who is the registrar for the Purple Style Labs IPO?
KFin Technologies Limited is the registrar for the Purple Style Labs IPO.
What is the refund and Demat credit date for the Purple Style Labs IPO?
Refunds or the release of blocked funds are tentatively scheduled for September 4, 2026. Shares are also expected to be credited to the Demat accounts of successful applicants on the same date.
What is the face value of Purple Style Labs IPO shares?
The face value of shares under the Purple Style Labs Limited IPO is ₹10 per share.
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