Purple Style Labs Limited has raised ₹306 crore from 10 Anchor Investors ahead of the opening of its initial public offering (IPO).
The company has allotted 53,21,739 Equity Shares to Anchor Investors at an Anchor Investor Allocation Price of ₹575 per share, including a face value of ₹10 and a share premium of ₹565 per share.
The anchor allocation includes several prominent institutional investors, including ICICI Prudential Mutual Fund, Jupiter India Fund, The Jupiter Global Fund – Jupiter India Select, Aditya Birla Sun Life Insurance Company Limited, ITI Multi Cap Fund, ITI Flexi Cap Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte. Ltd., Morgan Stanley Asia (Singapore) Pte. and BoFA Securities Europe SA – ODI.
Of the total shares allotted to Anchor Investors, 17,39,192 Equity Shares, representing 32.68% of the total anchor allocation, were allotted to two domestic mutual funds through three schemes.
The company’s IPO opens today, Monday, August 31, 2026, and will close on Wednesday, September 2, 2026.
Axis Capital Limited and IIFL Capital Services Limited are the book-running lead managers to the issue.
