Purple Style Labs IPO GMP History
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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 07 Sep 2026 | ₹ -10 | — | -1.74% | — | — |
| 06 Sep 2026 | ₹ -10 | ▼ | -1.74% | — | — |
| 05 Sep 2026 | ₹ -5 | ▼ | -0.87% | — | — |
| 04 Sep 2026 | ₹ 2 | — | 0.35% | — | — |
| 03 Sep 2026 | ₹ 2 | ▲ | 0.35% | — | — |
| 02 Sep 2026 | ₹ 1.5 | ▼ | 0.26% | — | — |
| 01 Sep 2026 | ₹ 2 | ▼ | 0.35% | — | — |
| 31 Aug 2026 | ₹ 7 | ▼ | 1.22% | — | — |
| 30 Aug 2026 | ₹ 28 | ▼ | 4.87% | — | — |
| 29 Aug 2026 | ₹ 34 | ▲ | 5.91% | — | — |
| 28 Aug 2026 | ₹ 30 | — | 5.22% | — | — |
Purple Style Labs IPO dates
Key dates from opening to listing. Today is 13 October.
- Open 31 Aug 2026
- Close 02 Sep 2026
- Allotment 03 Sep 2026
- Refund/credit 04 Sep 2026
- Listing 07 Sep 2026
Purple Style Labs IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹575 |
|---|---|
| GMP-based estimate (pre-listing) | ₹565 (-1.7%) |
| Listing gain / loss | −₹40 per share |
| Listing date | 07 Sep, 2026 |
| Actual listing price | ₹535 (-6.96%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Purple Style Labs IPO was not available during the subscription period. 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 available 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
Purple Style Labs Limited was started in August 2015. It runs a multi brand luxury fashion platform under the name Pernia's Pop-Up Shop, usually shortened to PPUS. It sells womenswear, menswear, jewellery, accessories and kidswear, with the main focus on wedding and occasion wear.
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.
Frequently asked
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 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 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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
