Purple Style Labs to launch ₹680 crore IPO on August 31

Purple Style Labs Limited has announced its Initial Public Offering (IPO), which is scheduled to open for subscription on August 31, 2026, and close on September 2, 2026. The company aims to raise up to ₹680 crore through an entirely fresh issue of equity shares.

The price band for the offering has been set between ₹546 and ₹575 per equity share. The minimum bid lot is 26 shares, representing a minimum investment of approximately ₹14,950 at the upper price limit. Anchor investor bidding is set to begin on August 28, 2026.

The issue is structured with 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. The National Stock Exchange (NSE) will serve as the designated stock exchange for the listing. Axis Capital and IIFL Capital Services are acting as the book running lead managers.