Purple Style Labs IPO Subscription Status: Issue Booked 1.29 Times

Authored By HDFC SKY | Published at: Sep 2, 2026 05:49 PM IST

Purple Style Labs IPO subscription reached 1.29 times by 4:54 PM on September 2, 2026, with retail at 1.57 times, QIB at 1.43 times and NII at 0.84 times on Day 3.

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Mumbai, September 2: The Purple Style Labs IPO saw continued bidding on the final day of the issue on September 2, 2026. The issue, which opened on August 31, is scheduled to close on September 2.

As of 4:54 PM on September 2, the IPO had received bids for 88,54,898 shares against 68,49,816 shares offered across the qualified institutional buyer (QIB), non-institutional investor (NII) and retail categories. The overall subscription stood at 1.29 times.

The QIB portion was subscribed 1.43 times, while the retail portion recorded 1.57 times subscription. The NII category was subscribed 0.84 times.

Purple Style Labs IPO Subscription Status

The QIB category received bids for 53,27,218 shares against 37,36,264 shares offered, resulting in a subscription of 1.43 times. Within the QIB segment, foreign institutional investors accounted for 23,68,730 shares of bids, domestic financial institutions received bids for 12,17,736 shares and mutual funds bid for 15,60,000 shares.

The NII category received bids for 15,70,608 shares against 18,68,131 shares offered. Within this category, the portion reserved for bids above ₹10 lakh was subscribed 1.01 times, while the portion for bids above ₹2 lakh and up to ₹10 lakh was subscribed 0.51 times.

Investor Category	Shares Offered/Reserved	Shares Bid For	Subscription
QIB	37,36,264	53,27,218	1.43x
NII	18,68,131	15,70,608	0.84x
Retail	12,45,421	19,57,072	1.57x
Total	68,49,816	88,54,898	1.29x

The retail category received bids for 19,57,072 shares against 12,45,421 shares reserved for the segment. Of these bids, 17,40,154 shares came through the cut-off route, while 2,16,918 shares were price bids.

Category-wise Purple Style Labs IPO Subscription Details

The NII segment was divided into two portions based on application size. The portion for bids above ₹10 lakh received 12,52,342 shares against 12,45,421 shares offered, while the portion for bids above ₹2 lakh and up to ₹10 lakh received 3,18,266 shares against 6,22,710 shares offered.

Category	Shares Offered/Reserved	Shares Bid For	Subscription
QIB	37,36,264	53,27,218	1.43x
NII, Above ₹10 lakh	12,45,421	12,52,342	1.01x
NII, Above ₹2 lakh to ₹10 lakh	6,22,710	3,18,266	0.51x
Retail	12,45,421	19,57,072	1.57x
Total	68,49,816	88,54,898	1.29x

Among QIB bidders, foreign institutional investors submitted bids for 23,68,730 shares, domestic financial institutions for 12,17,736 shares, mutual funds for 15,60,000 shares and other QIBs for 1,80,752 shares.

Purple Style Labs IPO Subscription: Day 3

The Purple Style Labs IPO was open for subscription from August 31 to September 2, 2026. The latest exchange data was updated at 4:54 PM on September 2.

Date	QIB	NII	Retail	Total
September 2, 2026, 4:54 PM (Day 3)	1.43x	0.84x	1.57x	1.29x

Brief Overview Of Purple Style Labs IPO

The Purple Style Labs IPO comprises 68,49,816 shares. The issue has a price band of ₹546 to ₹575 per share, with a market lot of 26 shares. The minimum bid quantity is 26 shares.

IPO Particular	Details
Issue Type	Bookbuilding IPO
Issue Size	68,49,816 shares
Price Band	₹546 to ₹575 per share
Face Value	₹10 per share
Market Lot	26 shares
Minimum Bid Quantity	26 shares
Issue Open Date	August 31, 2026
Issue Close Date	September 2, 2026
IPO Market Timings	10:00 AM to 5:00 PM

Source:

https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4774&type=IPO&idtype=1&status=L&IPONo=7918&startdt=31/08/2026

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