Neutral impactIPO
Purple Style Labs IPO: Price band, lot size, GMP, listing date and other key details
Mint 2d ago·28 Aug 2026, 10:08 am
Purple Style Labs is set to launch its initial public offering (IPO) on August 31, aiming to raise approximately ₹680 crore. The company will issue fresh shares priced in the band of ₹546 to ₹575, with a total issue size of 1.18 crore equity shares. Investors can bid for a minimum of 13 shares per lot, which translates to a financial commitment of ₹7,098 to ₹7,475 per application. The IPO is scheduled to close for subscription on September 2, with the final share allotment expected to be finalized by September 3. The company's shares are scheduled to list on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on September 7.
This IPO represents Purple Style Labs' entry into the public market, allowing retail investors to participate in the company's growth story. The company's financial performance and market positioning will be key factors for investors to consider before subscribing to the issue. It is important to note that the grey market premium (GMP), which indicates the market's expectation of the listing price, is subject to change and should not be the sole basis for investment decisions. Investors should carefully evaluate the company's business model, financials, and industry trends before making any investment decisions.
Key takeaways
- Category: IPO.
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