Purple Style Labs IPO allotment: How to check status online on KFin Technologies, NSE, BSE; listing date, time revealed

The basis of allotment for Purple Style Labs Ltd, the parent company of Pernia’s Pop-Up Shop, is expected to be finalised on Thursday, September 3. The bid finalisation details will be available on the websites of KFin Technologies, the NSE and BSE.

The initial share sale was subscribed 1.29 times during the three-day bidding window. It received bids for 88,54,898 shares versus 68,49,816 shares on offer, according to the BSE data.

The retail individual investors (RIIs) part was subscribed 1.57 times, while qualified institutional buyers (QIBs) booked 1.43 times the portion reserved for them. The non-institutional investors' quota was subscribed 84%.

The initial public offering was exclusively a fresh issuance of 1.18 crore shares totalling ₹680 crore. There was no offer for sale (OFS) component.

The company will use fresh issue proceeds to clear lease liabilities of the wholly-owned subsidiary, PSL Retail. Funds will also be used for sales and marketing expenses and general corporate purposes.

Purple Style Labs Limited, promoted by Abhishek Agarwal, is a multi-brand luxury fashion omni-channel platform operating under the brand name 'Pernia's Pop-Up Shop'. It offers more than 2 lakh products across womenswear, menswear, jewellery, accessories and kids' wear from over 1,300 designers through its digital platform and 14 experience centres.

Purple Style Labs IPO: Allotment date and time

Purple Style Labs IPO allotment status is likely to be finalised on Thursday, September 3, by late evening.

How to check Purple Style Labs IPO allotment status online on NSE

• Open NSE's bid finalisation page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity & SME IPO bid details’
• Choose 'PERNIASPOP' from the 'Select Symbol' dropdown
• Mention either PAN or application number
• Hit the 'Submit' button

Steps to check Purple Style Labs IPO allotment status on BSE

• Open BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• Choose 'Purple Style Labs' from the 'Issue Name' section
• Add PAN details or IPO application number.
• Click on the 'Search' button

Purple Style Labs IPO allotment status online on KFin Technologies; full steps

• Go to this link: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, click on ‘Purple Style Labs Ltd’.
• Mention any one: PAN, Demat account number or IPO application number
• Press the 'Submit' button

Purple Style Labs IPO: Listing date and time

Shares of Purple Style Labs will be listed on the NSE and the BSE on Monday, September 7, at 10 am.