Purple Style Labs IPO
Trading • ₹680cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- Working capital or debt pressure highlighted in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹546-575
Lot Size
26 shares
Issue Size
₹680cr
Open
31 Aug 2026
Close
02 Sept 2026
Subscription
1.29×
GMP −₹10 → est. ₹565
IPO Schedule
| Issue Open Date | 31 Aug 2026 |
| Issue Close Date | 02 Sept 2026 |
| Allotment Date | 03 Sept 2026 |
| Listing Date | 07 Sept 2026 |
About Purple Style Labs
Purple Style Labs operates Pernia’s Pop-Up Shop, an omni-channel luxury platform offering curated wedding and occasion wear, menswear, womenswear, jewellery, accessories, and kidswear. It reaches domestic and global customers—including India, the US, the UK, and the Middle East—via physical Experience Centers, digital channels, and its website and mobile app. The platform helps designer brands scale globally without building separate retail infrastructure, generating revenue primarily from direct luxury product sales. 
Company Details
Founders / Promoters
Abhishek Agarwal
Founded
2015
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Purple Style Labs — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.4x and elevated disclosed risk (8/10), Purple Style Labs listed at a discount of 7.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Multi-brand omni-channel luxury platform with a wide portfolio of products and strong designer relationships.
- Omni-channel business model focused on operational efficiency, connecting physical Experience Centers with digital platforms.
- Robust international presence catering to a varied customer base in multiple countries like the US and UK.
- Strong customer retention and network effects support long-term monetization.
- Experienced management team and Board with expertise across retail, sales, marketing, and product management.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹575
Listing Price
₹535
Listing Gain/Loss
-6.96%
Listing Date
07 Sept 2026
Price Since Listing
Returns are measured against the ₹575 issue price.
Listing
₹535
-7.0%
Want to buy this stock?
Trade Purple Style Labs on the secondary market
FAQ
What is the price band of Purple Style Labs IPO?
The price band is ₹546-575 per share with a lot size of 26 shares. Minimum investment: ₹14,950.
What does Purple Style Labs do?
Purple Style Labs operates Pernia’s Pop-Up Shop, an omni-channel luxury platform offering curated wedding and occasion wear, menswear, womenswear, jewellery, accessories, and kidswear. It reaches domestic and global customers—including India, the US, the UK, and the Middle East—via physical Experience Centers, digital channels, and its website and mobile app. The platform helps designer brands scale globally without building separate retail infrastructure, generating revenue primarily from direct luxury product sales. 
Should I apply for Purple Style Labs IPO?
Purple Style Labs listed at ₹535 (-7.0% discount to the ₹575 issue price) after 1.3x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.4x and elevated disclosed risk (8/10), Purple Style Labs listed at a discount of 7.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Purple Style Labs?
Purple Style Labs was founded by Abhishek Agarwal in 2015.