Mumbai, Maharashtra, 27th of August, 2026 : Another major issue is set to attract investor attention in the IPO market. Purple Style Labs Limited’s Initial Public Offering (IPO) will open for subscription on August 31 and close on September 2, 2026. The company has fixed the price band at ₹546 to ₹575 per equity share. Bidding for anchor investors will open on August 28.
The company plans to raise up to ₹680 crore through the entirely fresh issue. Investors will be able to bid for a minimum of 26 shares, requiring a minimum investment of ₹14,950 at the upper end of the price band. The ₹575 cap price and lot size of 26 shares could be key factors driving early investor interest in the IPO.
At least 75% of the issue will be reserved for Qualified Institutional Buyers (QIBs), while up to 15% will be available to Non-Institutional Investors (NIIs) and up to 10% for retail investors. As a fresh issue, the capital raised is expected to play an important role in supporting the company’s business operations and future growth plans.
The National Stock Exchange (NSE) has been designated as the stock exchange for the issue. Axis Capital and IIFL Capital Services are acting as the Book Running Lead Managers. With the IPO opening on August 31, the issue is expected to add momentum to activity in the primary market in the coming days.
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