Purple Style Labs Limited will open its Initial Public Offer (IPO) on August 31, 2026. The three-day bidding period will close on September 2, 2026, while the Anchor Investor bidding will take place on August 28.
The price band has been fixed at ₹546 to ₹575 per equity share, with a face value of ₹10. Investors can bid for a minimum of 26 equity shares and in multiples of 26 thereafter.
The IPO comprises an entirely fresh issue of equity shares aggregating up to ₹680 crore. The equity shares are proposed to be listed on the stock exchanges, with NSE designated as the stock exchange for the issue.
Not less than 75% of the issue will be available for allocation to Qualified Institutional Buyers (QIBs), while not more than 15% will be available to Non-Institutional Bidders (NIBs) and not more than 10% to Retail Individual Bidders (RIBs), subject to applicable SEBI regulations.
Axis Capital Limited and IIFL Capital Services Limited are the book running lead managers to the issue.
All bidders, except Anchor Investors, are required to participate through the ASBA process. UPI bidders will be required to provide their UPI ID, with the applicable bid amount blocked through the UPI mechanism.
The Red Herring Prospectus is dated August 24, 2026, read with the corrigendum dated August 25, 2026.
