Purple Style Labs IPO Subscription Day 1: Issue Booked 0.12x

Mumbai, August 31: The Purple Style Labs IPO opened for subscription on August 31, 2026, with investor response remaining subdued during the first day of bidding. The ₹680 crore issue was subscribed 0.12 times overall by the end of Day 1.

The issue received bids for 8,06,780 shares against 65,04,348 shares offered for public subscription. Among the main investor categories, retail investors recorded the highest subscription at 0.56 times.

The NII portion was subscribed 0.06 times, while the QIB category, excluding anchor investors, received bids equivalent to just 0.01 times the shares reserved for the segment.

The three-day IPO will remain open until September 2, 2026. The issue is proposed to list on BSE and NSE, with September 7, 2026, set as the tentative listing date.

Purple Style Labs IPO Details

The Purple Style Labs IPO is a ₹680 crore bookbuilding issue comprising only a fresh issue. The company is offering 1,18,26,086 shares through the issue.

The price band has been fixed at ₹546 to ₹575 per share, while investors can bid in lots of 26 shares. At the upper end of the price band, one retail lot requires an investment of ₹14,950.

The IPO opened on August 31, 2026, and will close on September 2, 2026. According to the tentative schedule, the allotment is expected to be finalised on September 3, followed by refunds and credit of shares on September 4.

Purple Style Labs IPO Subscription Status

The Purple Style Labs IPO started slowly on the first day, with the issue yet to reach full subscription across any of the major investor categories.

Retail investors led the subscription response, with their portion subscribed 0.56 times. The category received bids for 6,64,924 shares against 11,82,609 shares available for retail investors.

The NII category saw bids for 1,06,704 shares against 17,73,913 shares offered, translating into a subscription of 0.06 times. Within the segment, bNII investors subscribed 0.02 times, while sNII investors subscribed 0.14 times.

The QIB segment, excluding anchor investors, received bids for 35,152 shares against 35,47,826 shares on offer. This resulted in a subscription of 0.01 times.

At the overall level, the issue received bids for 8,06,780 shares against 65,04,348 shares offered to the public. The total subscription therefore stood at 0.12 times on Day 1.

Shares offered and total amount are calculated based on the upper price of the issue price range.

Note: The anchor investor portion is not included in the public subscription figures.

Day-wise Subscription Details

The Purple Style Labs IPO began its subscription process on August 31, 2026. The opening session saw a cautious response from investors, leaving the overall issue at 0.12 times subscription.

Retail investors accounted for most of the demand on Day 1, with the category subscribed 0.56 times. The NII segment followed at 0.06 times, while QIB subscription, excluding anchor investors, stood at 0.01 times.

With the IPO open for another two days, subscription figures could change as investors place additional bids during the remaining sessions.

About Purple Style Labs

The provided IPO snapshot does not include detailed information about Purple Style Labs’ business operations, products or services.

The available details identify Purple Style Labs as the company raising ₹680 crore through the IPO. The company’s detailed disclosures are referred to in the IPO RHP mentioned in the provided information.

Conclusion

The Purple Style Labs IPO started on a cautious note, with the issue subscribed 0.12 times on Day 1. Retail investors showed the strongest interest at 0.56 times, while NII and QIB subscription stood at 0.06 times and 0.01 times, respectively.

Investors can continue to place bids until September 2, 2026. The tentative allotment date is September 3, followed by share credit and refunds on September 4. The IPO is scheduled to list on BSE and NSE on September 7, 2026.

Source:

• https://www.chittorgarh.com/ipo/purple-style-labs-ipo/2622/