· Mainboard · NSE, BSE
Price Band
₹546–575
Lot Size
26 shares
Issue Size
₹680 Cr
Min. Investment
₹14,950
Indicative, updates through the day
Cap price plus current GMP: ₹577 — arithmetic, not a forecast
Purple Style Labs IPO is a Mainboard issue whose public bidding closed on 2 September 2026, with listing scheduled for 7 September 2026 on NSE, BSE. The issue price band is fixed at ₹546–₹575 per equity share with a minimum market lot size of 26 shares, bringing the total issue size to ₹680 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,950.
The latest unlisted Grey Market Premium (GMP) for Purple Style Labs IPO is quoted at ₹2, representing a premium of approximately 0.35% over the upper price band of ₹575. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹577, and informal quotes have eased over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, Purple Style Labs IPO has been subscribed 1.36x overall — with QIB at 1.5x, NII at 0.88x, bNII at 1.06x, sNII at 0.53x, Retail at 1.64x, representing over 63,562 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 26 shares (approx. ₹14,950 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 3 September 2026 and listing expected on 7 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Purple Style Labs IPO raises ₹306.00 crore from anchor investors. Purple Style Labs IPO Anchor bid date is August 28, 2026.📝 Anchor Investors Letter (PDF)
| Category | Shares Offered | % |
|---|---|---|
| QIB | 88,69,566 | 75% |
| − Anchor Investor | 53,21,739 | 45% |
| − QIB (Ex. Anchor) | 35,47,827 | 30% |
| NII (HNI) | 17,73,912 | 15% |
| − bNII > ₹10L | 11,82,608 | 10% |
| − sNII < ₹10L | 5,91,304 | 5% |
| Retail | 11,82,608 | 10% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,950 |
| Retail (Max) | 13 | 338 | ₹1,94,350 |
| S-HNI (Min) | 14 | 364 | ₹2,09,300 |
| S-HNI (Max) | 66 | 1716 | ₹9,86,700 |
| B-HNI (Min) | 67 | 1742 | ₹10,01,650 |
EPS (Pre IPO)
-41.83
EPS (Post IPO)
-ve
ROE
P/E (Pre IPO)
-13.75
P/E (Post IPO)
-ve
Price / Book
Market Cap
₹3,924Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Madhur Knit Crafts Ltd. | 12.15 | ₹53.27 Cr | |
| Shree Balaji (Mala) Textiles Ltd. | 8.62 | ₹18.90 Cr | |
| Riyaasat Lifestyle Ltd. | 17.2 | ₹30.20 Cr | |
| Rajnandini Fashion India Ltd. | 9.31 | ₹18.21 Cr | |
| Kiaasa Retail Ltd. | 19.31 | ₹69.74 Cr | |
| Fractal Industries Ltd. | 15.99 | ₹49.00 Cr |
Purple Style Labs Ltd. Address
KFin Technologies Ltd.