Purple Style Labs IPO
Purple Style Labs Limited (PERNIASPOP) · mainboard IPO on NSE and BSE · Book Building. Listed on 07 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.7% (likely range -10% to +5%), day's high +0.3%, chance of a gain 33%. Actual: -7.0% at the open, +2.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 37,36,264 | 53,27,218 | 1.43x | |
| NII (HNI) total | 18,68,131 | 15,74,612 | 0.84x | |
| Big NII (above ₹10 lakh) | 12,45,421 | 12,52,342 | 1.01x | |
| Small NII (₹2-10 lakh) | 6,22,710 | 3,22,270 | 0.52x | |
| Retail | 12,45,421 | 19,64,742 | 1.58x | |
| Total | 68,49,816 | 88,66,572 | 1.29x |
Bids on NSE and BSE together, as published by NSE, as of 02 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Purple Style Labs's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| Turtlemint Fintech SolutionsJun 2026 | 1.59x | 0.52x | 1.07x | 1.20x | ₹906 Cr | -11.2% | -4.6% |
| Popular Vehicles and ServicesMar 2024 | 1.97x | 0.66x | 1.05x | 1.23x | ₹601 Cr | -2.0% | -2.0% |
| Quality Power Electrical EquipmentsFeb 2025 | 1.03x | 1.45x | 1.83x | 1.29x | ₹859 Cr | +1.2% | +1.4% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Suraksha DiagnosticDec 2024 | 1.74x | 1.41x | 0.95x | 1.27x | ₹846 Cr | -0.7% | +1.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Purple Style Labs IPO price band and lot size? ₹546–575 per share, with a lot of 26 shares, so the smallest retail bid is ₹14,950.
How many times has it been subscribed? 1.29x overall: QIB 1.43x, NII 0.84x, retail 1.58x.
How did it list? It opened at ₹535, -7.0% against the issue price of ₹575, and closed its first day -1.1%.
