Mumbai, August 26, 2026: Purple Style Labs Limited has announced that its Initial Public Offering (IPO) will open for subscription on Monday, August 31, 2026, and close on Wednesday, September 2, 2026. The Anchor Investor bidding period will take place on Friday, August 28.
The price band for the IPO has been fixed at ₹546 to ₹575 per equity share, with a face value of ₹10 per share. Investors can bid for a minimum of 26 equity shares and in multiples of 26 thereafter. At the upper price band, the minimum investment for a retail investor would be ₹14,950.
The IPO comprises entirely of a fresh issue of equity shares aggregating up to ₹680 crore. The equity shares are proposed to be listed on the stock exchanges, with the National Stock Exchange (NSE) designated as the stock exchange for the issue.
Axis Capital Limited and IIFL Capital Services Limited are the book-running lead managers to the issue.
Under the IPO structure, not less than 75% of the issue will be available for allocation to Qualified Institutional Buyers (QIBs), while not more than 15% will be reserved for Non-Institutional Bidders (NIBs). Retail Individual Bidders will be eligible for up to 10% of the issue.
Except Anchor Investors, all investors are required to participate through the ASBA process. UPI investors will also need to provide their UPI ID for blocking the application amount.
The Red Herring Prospectus was dated August 24, 2026, with a corrigendum issued on August 25, 2026.
