Purple Style Labs IPO Listing: Shares Debut at 6.96% Discount on NSE
- September 7, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Purple Style Labs lists at Rs 535 on NSE, down 6.96%. BSE opens at Rs 539, down 6.26%. Issue price Rs 575. Subscribed 1.29 times overall. Issue size Rs 680 Cr.
Quick Answer
The Purple Style Labs IPO listing today saw the stock debut at Rs 535 on the NSE, a 6.96 percent discount to its Rs 575 issue price, while BSE shares opened at Rs 539, a 6.26 percent discount. This Purple Style Labs IPO listing update covers subscription numbers, IPO details, and financials in full below. The mainboard luxury fashion issue was subscribed just 1.29 times overall.
Purple Style Labs IPO Listing Today: The Purple Style Labs IPO was subscribed 1.29 times overall by the time bidding closed on 2 September 2026. Within that demand, qualified institutional buyers (QIBs) bid for 1.50 times their reserved portion, retail investors put in 1.66 times their quota, and non institutional investors (NIIs) subscribed 0.89 times the shares set aside for them. Before looking at how the stock performed on debut, here is a recap of the Purple Style Labs IPO itself, followed by the full Purple Style Labs IPO listing details and the Purple Style Labs IPO listing price movement on day one.
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Purple Style Labs IPO Listing: Issue Details
Purple Style Labs Limited raised its capital through a book building issue worth Rs 680 crore, entirely a fresh issue of shares with no offer for sale component. The issue listed on both the NSE and the BSE, with a tentative listing date of 7 September 2026. Bidding ran from 31 August 2026 to 2 September 2026, at a face value of Rs 10 per share and a price band of Rs 546 to Rs 575 per share. Anyone tracking the Purple Style Labs IPO listing today will find the full set of dates and terms in the table below.
| Particular | Detail |
|---|---|
| Allotment Date | 3 September 2026 |
| IPO Open Date | 31 August 2026 |
| IPO Close Date | 2 September 2026 |
| Refund Initiation | 4 September 2026 |
| Issue Size | Rs 680 crore (1,18,26,086 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 26 shares |
| Issue Price | Rs 575 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 7 September 2026 |
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Purple Style Labs IPO Listing Price and Performance
On its listing day, Purple Style Labs shares opened at Rs 535 apiece on the NSE, a 6.96 percent discount to the Rs 575 issue price. On the BSE, the stock opened at Rs 539, a 6.26 percent discount, valuing the company at a market capitalisation of about Rs 4,315 crore. The Purple Style Labs IPO listing came in weak, below what grey market indicators had suggested ahead of the debut, following the muted subscription the issue saw during bidding. For investors who missed allotment, the Purple Style Labs IPO listing price now serves as the reference point for deciding whether to buy the stock on the exchanges.
About the Purple Style Labs IPO
Purple Style Labs Limited, incorporated in August 2015 and based in Mumbai, operates a multi-brand luxury omni-channel fashion platform under the Pernia’s Pop-Up Shop brand, offering designer womenswear, menswear, kidswear, jewellery, and accessories with a focus on wedding and occasion wear. The platform sources from more than 1,100 active designer brands and operates through Experience Centers across India as well as in London and New York, alongside its website and mobile application. Promoter of the company is Abhishek Agarwal. Axis Capital and IIFL Capital Services were the book running lead managers, with Kfin Technologies as registrar. Investors who followed the Purple Style Labs IPO listing today can use this background to judge the strength of the underlying business behind the debut. The details above round out the full picture of the Purple Style Labs IPO listing for readers who applied in the offer.
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Purple Style Labs Limited Financials
A look at Purple Style Labs Limited’s recent financial performance helps put the Purple Style Labs IPO listing in context for anyone tracking the Purple Style Labs IPO listing performance after its debut.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue | 557.84 | 489.91 | 504.37 |
| Profit/(Loss) After Tax | (285.40) | (188.38) | (47.71) |
| EBITDA | 30.37 | 41.99 | 31.63 |
Explanation
Purple Style Labs Limited’s revenue rose about 14 percent, from Rs 489.91 crore in the year ended 31 March 2025 to Rs 557.84 crore in the year ended 31 March 2026, after having dipped slightly in FY25. However, the company remained loss making throughout the period, with its loss after tax widening from Rs 47.71 crore in FY24 to Rs 188.38 crore in FY25 and further to Rs 285.40 crore in FY26, driven partly by exceptional non cash charges tied to its Large Format Experience Centre expansion. EBITDA eased to Rs 30.37 crore in FY26 from Rs 41.99 crore in FY25, a widening-loss trajectory investors are weighing after the Purple Style Labs IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Purple Style Labs IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Purple Style Labs IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Purple Style Labs IPO listing price?
Ans. Purple Style Labs shares listed at Rs 535 on the NSE, a 6.96 percent discount to the Rs 575 issue price, and opened at Rs 539 on the BSE, a 6.26 percent discount.
Was the Purple Style Labs IPO listing a premium or a discount?
Ans. It was a discount listing on both exchanges. Shares fell 6.96 percent on the NSE and 6.26 percent on the BSE against the issue price, below what grey market indicators had suggested ahead of the debut.
How much was the Purple Style Labs IPO subscribed?
Ans. The IPO was subscribed 1.29 times overall, with retail investors at 1.66 times, QIBs at 1.50 times, and NIIs at 0.89 times their respective quotas.
What is the issue price of the Purple Style Labs IPO?
Ans. The issue price was fixed at Rs 575 per share, at the upper end of the Rs 546 to Rs 575 price band.
What is the lot size of the Purple Style Labs IPO?
Ans. The lot size was 26 shares, translating to a minimum retail investment of about Rs 14,950 at the upper price band.
Who is the registrar for the Purple Style Labs IPO?
Ans. Kfin Technologies Limited is the registrar for the Purple Style Labs IPO.
What does Purple Style Labs do?
Ans. Purple Style Labs operates Pernia’s Pop-Up Shop, a multi-brand luxury omni-channel fashion platform offering designer womenswear, menswear, kidswear, jewellery, and accessories through Experience Centers, its website, and mobile app.
Where can I track the Purple Style Labs IPO listing performance?
Ans. Investors can track the Purple Style Labs IPO listing performance and live share price movement on the NSE and BSE, or through the Univest platform.
Should I hold shares after the Purple Style Labs IPO listing?
Ans. That depends on individual risk appetite and investment horizon. Investors should review the Purple Style Labs IPO listing performance alongside the company’s financials, including its widening losses, before deciding whether to hold or exit.
