Purple Style Labs IPO Day 3: Subscription Closes Today, 2 September 2026

Purple Style Labs IPO closes today, 2 Sep 2026, 5 PM. Overall subscribed near 0.28x so far. Retail leading at 0.39x, NII 0.04x, QIB near nil. Price band Rs 546-575.

Updated: 2 Sept 2026 • 11:35 am

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Quick Answer

The Purple Style Labs IPO is on its third and final day of bidding on 2 September 2026, with the subscription window closing at 5 PM today. The Purple Style Labs IPO overall subscription stands at around 0.28 times so far, with retail investors leading at roughly 0.39 times their reserved portion while the NII and QIB categories remain thin at this stage. Since qualified institutional buyers typically place the bulk of their bids late on the closing day, the final subscription figure for the issue can move meaningfully in the last few hours. Investors should confirm the live numbers on NSE and BSE before the window shuts.

The issue has entered Day 3, the final day of its subscription window, which opened on 31 August 2026 and closes today, 2 September 2026. Purple Style Labs, which runs the multi brand luxury fashion platform Pernia's Pop-Up Shop, is raising Rs 680 crore through the issue entirely via a fresh issue, with no offer for sale component. The issue is a mainboard, book built issue and will list on both NSE and BSE.

Bidding for the issue started slowly, with Day 1 subscription at around 0.03 times overall and retail investors accounting for most of the early demand. The issue has picked up through Day 2 and into the closing session, though institutional participation remains the key variable to watch before the 5 PM cut off today.

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Table of Contents

Purple Style Labs IPO Details

The table below sets out the key parameters of the issue.

Open Date	31 August 2026
Close Date	2 September 2026
Price Band	Rs 546 to Rs 575 per share
Lot Size	26 shares
Issue Size	Rs 680 crore (entirely fresh issue)
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	3 September 2026
Listing Date	7 September 2026

Purple Style Labs IPO Subscription Status Day 3

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the latest available figures on the closing day, ahead of the 5 PM deadline.

Investor Category	Subscription So Far (Day 3, 2 Sep)
Qualified Institutional Buyers (QIB)	Close to nil so far
Non-Institutional Investors (NII)	Around 0.04 times
Retail Individual Investors	Around 0.39 times
Overall	Around 0.28 times

Retail bidding has led the issue through the first three sessions, while the QIB category, which carries roughly 75 percent of the issue including the anchor allocation, has yet to show meaningful demand. QIBs frequently place large blocks of bids in the closing hours, so the final subscription numbers for the issue could differ notably from the position seen so far today.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Purple Style Labs IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 546 to Rs 575 band.
Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
Approve the UPI mandate on your phone well before the 5 PM cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue closes today, 2 September 2026, with retail demand ahead of institutional bidding so far and the QIB book still to be tested in the final hours. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence before the window shuts.

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).

What is the Purple Style Labs IPO subscription status on Day 3?

Ans. On Day 3, the closing day, 2 September 2026, the issue overall subscription stands at around 0.28 times, with retail investors leading at roughly 0.39 times while the QIB and NII categories remain comparatively thin.

When does the Purple Style Labs IPO close?

Ans. The issue closes for subscription today, 2 September 2026, at 5 PM, having opened on 31 August 2026.

What is the Purple Style Labs IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

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

Ans. The issue price band is Rs 546 to Rs 575 per share, with a lot size of 26 shares, taking the minimum retail investment to about Rs 14,950 at the upper band.

How do I apply for the Purple Style Labs IPO before it closes?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid and approving the UPI mandate before the 5 PM cut off today.

When will the Purple Style Labs IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 3 September 2026, with listing on NSE and BSE tentatively scheduled for 7 September 2026.

Why is QIB demand important for the Purple Style Labs IPO?

Ans. Qualified institutional buyers hold roughly 75 percent of the issue including the anchor allocation, so a late surge in QIB bidding on the closing day can significantly change the final overall subscription figure.