Purple Style Labs Ltd Raises ₹306 Crore From Anchor Investors Ahead of Its ₹680-Crore IPO

Purple Style Labs Ltd raises ₹306 crore from anchor investors ahead of its ₹680-crore IPO

Purple Style Labs raises ₹306 crore from anchor investors ahead of its IPO opening on August 31, valuing the company over ₹4,600 crore.

Purple Style raises Rs 306 crore from anchor investors ahead of IPO; Morgan Stanley, BofA among buyers

Purple Style Labs secured Rs 306 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on Monday, August 31. This luxury fashion platform operates under Pernia's Pop-Up Shop, offering curated designer products. It sources items from 1,109 active designer brands, focusing on wedding and occasion wear. Purple Style Labs utilizes an omni-channel model with 14 global experience center…

Purple Style Labs IPO: Price band, lot size, GMP, listing date and other key details

Purple Style Labs will launch its IPO on August 31, aiming to raise ₹680 crore with shares priced between ₹546– ₹575. The offering includes 1.18 crore new shares, with allotment expected by September 3 and listing on NSE and BSE on September 7.

IPO-Bound Purple Style Labs Nets ₹306 Cr From Anchor Investors

Ahead of the commencement of the bidding for its public issue on August 31, Pernia’s Pop Up Shop parent Purple Style Labs has raised nearly ₹306 Cr from anchor investors. In a filing with the exchanges, the company said that it allotted 53.2 Lakh equity shares to ten anchor investors at ₹575 apiece, the upper end of its IPO price band. Domestic mutual funds lapped up 17.39 Lakh shares worth nearly ₹100 Cr, accounting for 32.68% of the total anch…