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Purple Style Labs lists at 6–7% discount to IPO price
Purple Style Labs, parent of Pernia’s Pop-Up Shop, debuted at a 6–7% discount to its ₹575 IPO price. The luxury fashion omnichannel platform will use IPO proceeds for PSL Retail’s India lease liabilities, sales and marketing, and corporate purposes.
- Issue price₹575
- BSE opening price₹539
- NSE opening price₹535
Dots, not bars: the scale starts at ₹530, not at zero.
Our arithmetic · not a reported figureNSE opening price against each
- −₹40vs Issue price
- −₹4vs BSE opening price
Reported figures
From the report. Source details below
| Opened at ₹535 on NSE, 6.96% below | ₹575 issue price |
|---|---|
| IPO subscribed | 1.29 times |
| Retail portion subscribed 1.58 times; QIB 1.43 times; NII | 84% |
| Fresh issue size: | ₹680 crore |
| Over 2 lakh products, 1,300-plus designers and | 14 experience centres |
Also in the report
- Opened at ₹539 on BSE, 6.26% below issue price
- Raised ₹306 crore from anchor investors
- ₹371.13 crore earmarked for PSL Retail lease liabilities
- ₹138.90 crore earmarked for sales and marketing
- Market capitalisation above ₹4,600 crore at upper price band