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Purple Style Labs IPO fully subscribed on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 02, 2026, 14:05 IST

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SUMMARY

The ₹680 crore Purple Style Labs IPO comprised entirely a fresh issue of 1.18 crore shares, with no offer-for-sale component. With a price band of ₹546 to ₹575 per share, a lot consists of 26 shares.

Pernia's Pop-Up Shop offers over two lakh products from more than 1,300 designers through its digital platform and 14 experience centres. | Image: purplestylelabs.com

Pernia's Pop-Up Shop offers over two lakh products from more than 1,300 designers through its digital platform and 14 experience centres. | Image: purplestylelabs.com

The initial public offering of Pernia's Pop-Up Shop operator Purple Style Labs Ltd was fully subscribed on Wednesday, September 2.

The IPO attracted bids for 77,23,196 equity shares compared to 68,49,816 shares on offer, as per NSE data until 2:04 pm.

The quota for non-institutional investors (NIIs) attracted 45% subscription. The part for retail individual investors was subscribed 1.34 times, and qualified institutional buyers (QIBs) received 1.39 times subscription.

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The ₹680 crore initial share sale comprised entirely a fresh issue of 1.18 crore shares, with no offer-for-sale component. With a price band of ₹546 to ₹575 per share, a lot consists of 26 shares.

The company intends to use ₹371.13 crore of the issue proceeds for investment in its wholly-owned unit PSL Retail towards domestic lease liabilities of experience centres and back-end offices, while ₹138.90 crore will be utilised for sales and marketing expenses. The remaining funds will be used for corporate general purposes.

Purple Style Labs, promoted by Abhishek Agarwal, runs a multi-brand luxury fashion omni-channel platform. It currently offers more than 2 lakh items from over 1,300 designers via its digital platform and 14 experience centres.

Purple Style Labs IPO: Allotment and listing date

Purple Style Labs IPO allotment status is expected to be finalised on Thursday, September 3. The company's shares will be listed on the BSE and the NSE on Monday, September 7.

ESDS Software Solution IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

How to check Purple Style Labs IPO allotment status on NSE

Steps to check Purple Style Labs IPO allotment status on KFin Technologies

  • Head to this page: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ dropdown menu, click on ‘Purple Style Labs Ltd’.
  • Add either your PAN, IPO application number or Demat account number
  • Click on 'Submit'
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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