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IPO Listed — 07 Sep 2026

Listing Price: ₹535 (-6.96% vs ₹575)

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Purple Style Labs

Purple Style Labs IPO Review

Purple Style Labs IPO has been reviewed by 3 analysts, and the overall consensus is Strictly Avoid — carrying a score of 0. Out of the 3 analysts who have covered this IPO, 0 recommend subscribing while 3 advise caution or avoidance — reflecting a mixed 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. 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.

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.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Strictly Avoid
0 / 100

Recommend Subscribe

Based on 3 analyst reviews

0 / 3

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Adroit Financial Services
Adroit Financial Services
Avoid
BP Equities
BP Equities
Avoid
Marwadi Shares & Finance
Marwadi Shares & Finance
Avoid

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Frequently Asked Questions

Should I apply for Purple Style Labs IPO?

Based on analyst coverage tracked on this page, the overall verdict for Purple Style Labs IPO is Strictly Avoid. Out of 3 analysts who have reviewed this IPO, 0 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 0 mean for Purple Style Labs IPO?

The score of 0 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. Scroll down to read individual analyst verdicts 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.

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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.