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(26/08/2026 16:50)

Purple Style Labs announces launch of initial public offering

Purple Style Labs Ltd. has announced public offering of 11826087 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 565.00 per share. The gross proceeds of the issue are expected to be Rs 68,000.00 lakhs.

The company's initial public offer (IPO) will open on 31 August 2026 and is expected to close on 02 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 546.00-575.00 per share.

The IPO includes a fresh Issue of 11826087 Equity Shares of the Company at an price of Rs 575.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 26 shares with bids in multiples of 26.

Purple Style Labs Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,IIFL Capital Services Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.
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