P

Purple Style Labs Ltd.

UPCOMING

Mainboard

GMP-

Subscription1.29×Overall

Min. Investment-

IPO Details

Issue Size₹44,157.05 Cr

Price Band₹546 – ₹575Per equity share

Lot Size-Min 1 lot (Retail)

Face Value₹10 / sharePaid-up equity

Total Shares76.79 CrOffered to public

Market Cap₹3,923.51 CrAt upper price band

QIB Quota3.7%Qualified Inst. Buyers

Retail Quota1.23%Non-inst. investors

IPO Timeline

Issue Opens31 Aug 2026

IPO subscription begins

Issue Closes2 Sep 2026

Last day to apply

Basis of Allotment3 Sep 2026

Allotment finalization

Listing Date-

Trading begins on BSE & NSE

About & Business

Background
Industry
Promoters

Our Company was incorporated as ‘Purple Style Labs Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act pursuant to a certificate of incorporation dated August 6, 2015, issued by the Deputy Registrar of Companies, Maharashtra at Mumbai. Subsequently, our Company was converted to a public limited company and the name of our Company changed to ‘Purple Style Labs Limited’ pursuant to a Board resolution dated October 23, 2023 and Shareholders’ resolution dated November 21, 2023, and a fresh certificate of incorporation dated December 13, 2023 was issued by the RoC.

Major Events & Milestones

2018

Acquired the assets pertaining to the brand, “Pernia’s Pop-Up Shop”

Opened an Experience Center in Juhu, Mumbai, Maharashtra

2019

Opened an offshore Experience Center in London, United Kingdom

2020

Entered into an agreement with Retreat N Style India Private Limited for the acquisition of the intellectual property of the brand ‘Wendell Rodricks’, its archives etc.

2021

Entered into an agreement with Hemant Trivedi for the acquisition of the design library, archives, intellectual property, and associated goodwill of the brand ‘Hemant Trevedi’

2022

Opened a Large Format Experience Center in Mehrauli, Delhi

2023

Opened a Large Format Experience Center in Hyderabad, Telangana

2024

Our Company crossed the 5,000 million revenue mark

2025

Opened two Large Format Experience Centers at South Extension, Delhi and Fort, Mumbai

2026

Opened two Large Format Experience Centers in New York, United States and Linking Road, Mumbai

Objectives of the Issue

01Investment in our wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India
02Funding towards sales and marketing expenses to be incurred by our Company
03General corporate purposes

Agencies & Documents

Book Running Lead Managers (BRLMs)

IIFL Capital Services Limited
Axis Capital Ltd.

Registrar to the Issue

KFin Technologies Ltd.67162222

IPO CalculatorUpcoming

Price Band546 – 575Cut-off: ₹575 per share

Closes2 Sep 20265:00 PM IST

Select Lots

1

Shares0 shares

Price per share₹575 (cut-off)

Total Investment₹0

Subscription Status

1.29× Overall

Category	Subscribed	Shares Offered
Qualified Institutional Buyers	1.43×	37,36,264
Non Institutional Investors	0.84×	18,68,131
Retail Individual Investors	1.58×	12,45,421

Last updated: 26 Aug 2026, 03:40 PM IST