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Purple Style Labs IPO Review

Purple Style Labs IPO has been reviewed by 6 analysts, and the overall consensus is Avoid — carrying a score of 23. Out of the 6 analysts who have covered this IPO, 1 recommend subscribing while 5 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹546-575 per share, with a minimum application size of 26 shares (minimum investment of approximately ₹14,950 at the upper band). Subscription ran from 31 Aug 2026 to 02 Sep 2026. The issue size is ₹680 crore, entirely a fresh issue. As of now, the grey market premium (GMP) for Purple Style Labs IPO is quoting at ₹-10 (-1.74%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
23/ 100
Avoid 1 of 6 recommend subscribing
How analysts voted
Apply 1
May apply 1
Avoid 4
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Purple Style Labs operates Pernia's Pop-Up Shop, described in the notes as one of India's largest multi-brand luxury omni-channel fashion platforms. FY26 income was ₹567.07 crore with a loss after tax of ₹285.40 crore. All three analysts covering the issue said avoid, a unanimously negative view.

Listing gains

With deep losses, the notes value it on sales, at about 8 times market cap to sales on a market cap near ₹4,603 crore. Every analyst covering it recommended avoiding at that price. There was no support anywhere in the coverage for listing gains.

Short-term strategy

The financial position is the core objection. The notes cite persistent losses, negative operating cash flows and a negative net worth as of FY26. Revenue of ₹567.07 crore against a ₹285.40 crore loss means the loss runs at roughly half of sales, which limits financial flexibility.

Long-term strategy

The notes flag heavy dependence on womenswear, particularly Indian wedding and occasion wear, which concentrates the business in one seasonal category. With continued losses increasing reliance on external funding, analysts saw expansion plans themselves as at risk rather than as a long-term opportunity.

How this is written: an AI-assisted summary of the 8 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Purple Style Labs IPO?

The analyst consensus for Purple Style Labs IPO tracked on this page is Avoid, with a score of 23/100. Out of 6 analysts who have reviewed this IPO, 1 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 23 mean for Purple Style Labs IPO?

The score of 23 is an aggregate of all analyst ratings tracked for Purple Style Labs IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Read the individual analyst verdicts above for more context.

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% (₹40 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Purple Style Labs IPO?

Purple Style Labs IPO was priced at ₹546-575 per share. The minimum lot size is 26 shares, making the minimum investment approximately ₹14,950 at the upper end of the price band. Subscription ran from 31 Aug 2026 to 02 Sep 2026.

Explore Purple Style Labs IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Purple Style Labs IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Avoid
Score
23 / 100
Listed at
₹535
Full IPO details