IPO Listed — 07 Sep 2026
Listing Price: ₹535
Purple Style Labs IPO GMP History | Listing Price ₹535 & Kostak Rate
Purple Style Labs IPO has been listed on September 7, 2026 at a listing price of ₹535, against the issue price of ₹575 — a loss of ₹40 (-6.96%). The GMP peaked at ₹34 on 29 August 2026 and reached a low of ₹-10 on 7 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Purple Style Labs IPO raised ₹680 Cr. through its IPO at a price band of ₹546 to ₹575 per share, with a lot size of 26 shares. The IPO was open for subscription from 31 Aug 2026 to 02 Sep 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 07 Sep 2026 | ₹ -10 | -1.74% | ₹ 0 | ₹ 0 | |
| 06 Sep 2026 | ₹ -10 | -1.74% | ₹ 0 | ₹ 0 | |
| 05 Sep 2026 | ₹ -5 | -0.87% | ₹ 0 | ₹ 0 | |
| 04 Sep 2026 | ₹ 2 | 0.35% | ₹ 0 | ₹ 0 | |
| 03 Sep 2026 | ₹ 2 | 0.35% | ₹ 0 | ₹ 0 | |
| 02 Sep 2026 | ₹ 1.5 | 0.26% | ₹ 0 | ₹ 0 | |
| 01 Sep 2026 | ₹ 2 | 0.35% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 7 | 1.22% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 28 | 4.87% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 34 | 5.91% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 30 | 5.22% | ₹ 0 | ₹ 0 |
Purple Style Labs IPO Dates
| Event | Date |
|---|---|
| Open Date | 31 Aug, 2026 |
| Close Date | 02 Sep, 2026 |
| Allotment Date | 03 Sep, 2026 |
| Refund Date | 04 Sep, 2026 |
| Credit to Demat | 04 Sep, 2026 |
| Listing Date | 07 Sep, 2026 |
Purple Style Labs IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹575 |
| GMP-Based Estimate (Pre-Listing) | ₹565 (-1.7%) |
| Actual Listing Price | ₹535 (-6.96%) |
| Listing Gain / Loss | ₹-40 per share |
| Listing Date | 07 Sep, 2026 |
Is Purple Style Labs IPO GMP Reliable?
Grey market premium for Purple Style Labs IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Purple Style Labs IPO full review for a fundamentals-based assessment before making any grey market trades.
Purple Style Labs IPO IPO Kostak Rate Explained
The Kostak rate for Purple Style Labs IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Purple Style Labs IPO
The company does not make the clothes itself. It brings designers and customers together. As on 31 March 2026 it sourced from 1,109 active designer brands, including names such as Seema Gujral, Anushree Reddy, Amit Aggarwal and Rohit Gandhi & Rahul Khanna. For the designers, the platform is a way to reach buyers in India and abroad without setting up their own shops and distribution.
It sells through several channels together, which it calls an omni-channel model. These are its Experience Centers, its website, its mobile application, telephone and digital sales, and events and exhibitions. As on 31 March 2026 it had 14 Experience Centers, of which 12 were in India and one each in London and New York. Between FY2024 and FY2026 it served more than 2,00,000 different customers, and in FY2026 the platform recorded gross merchandise value of about Rs 721.56 crore with an average order value of Rs 75,504.88. It sells to customers in India, the United States, the United Kingdom, the Middle East and Australia. As on 31 March 2026 it had 1,266 permanent employees.
Strengths & Risks
Strengths
- ✓ Sales grew 15% in FY2026, from Rs 494.00 crore to Rs 567.07 crore.
- ✓ The platform is operating at a good size, with gross merchandise value of about Rs 721.56 crore in FY2026 and an average order value of Rs 75,504.88.
- ✓ It has a wide designer base of 1,109 active brands as on 31 March 2026, which is hard for a new competitor to build quickly.
- ✓ At the operating level the business makes money. EBITDA was Rs 30.37 crore in FY2026.
- ✓ It has a real international presence, with Experience Centers in London and New York alongside 12 in India, and customers in the US, UK, Middle East and Australia.
- ✓ More than 2,00,000 different customers were served between FY2024 and FY2026.
- ✓ It does not manufacture, so it carries designer inventory and curation rather than factories, and designers get reach without their own retail network.
- ✓ The whole issue is fresh capital with no offer for sale.
Risks
- ⚠ The company is making large and growing losses. Loss after tax was Rs 47.71 crore in FY2024, Rs 188.38 crore in FY2025 and Rs 285.40 crore in FY2026.
- ⚠ Net worth has turned negative, at minus Rs 52.28 crore as on 31 March 2026, with reserves at minus Rs 116.40 crore. In plain terms the accumulated losses have wiped out the shareholders funds.
- ⚠ Borrowing more than tripled in one year, from Rs 112.79 crore to Rs 371.40 crore, and that is against negative net worth.
- ⚠ There is no P/E to judge the issue on. EPS is negative and RoNW is minus 160.33%.
- ⚠ EBITDA was positive at Rs 30.37 crore but the net loss was Rs 285.40 crore. The gap between the two is very large and comes from costs below the operating line, which needs to be understood from the RHP before investing.
- ⚠ Sales are not growing steadily. Total income actually fell from Rs 510.03 crore in FY2024 to Rs 494.00 crore in FY2025 before rising to Rs 567.07 crore in FY2026.
- ⚠ The objects of the issue are not stated in the data available to us, so how the Rs 680 crore will be used is not clear from here and must be read in the RHP.
- ⚠ Luxury wedding wear is a discretionary purchase with a high ticket size. Demand falls quickly when consumer sentiment weakens.
- ⚠ Running 14 Experience Centers, including two overseas, carries heavy fixed cost in rent and staff whether or not sales come.
- ⚠ Retail investors get only up to 10% of this issue, as not less than 75% is reserved for QIB.
Frequently Asked Questions about Purple Style Labs IPO
What is the GMP of Purple Style Labs IPO?
The current Grey Market Premium (GMP) of Purple Style Labs IPO is ₹ -10.
What is the Kostak Price of Purple Style Labs IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Purple Style Labs IPO is currently not available.
What is the Subject to Sauda Price of Purple Style Labs IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Purple Style Labs IPO?
Purple Style Labs IPO listed on September 7, 2026 at ₹535, against the issue price of ₹575 — a loss of -6.96%.
How did the GMP of Purple Style Labs IPO trend before listing?
The GMP of Purple Style Labs IPO was stable in its final days before listing. The GMP peaked at ₹34 on 29 August 2026. View the day-wise table above for the complete GMP history.
Explore Purple Style Labs IPO Further
For a complete picture before making your investment decision, explore these resources:
