Purple Style Labs IPO
Luxury Fashion E-commerce (Multi-Brand Designer Wear) - Listed on 07 September 2026
Purple Style Labs IPO listing summary
Purple Style Labs (Luxury Fashion E-commerce (Multi-Brand Designer Wear)) closed its IPO window in 2026 and listed on NSE and BSE on 07 September 2026 at an upper band issue price of Rs 575, opening at Rs 539.02 for a listing gain of -6.3%. The IPO was subscribed 1.36x overall - QIB 1.50x, HNI/NII 0.89x, Retail 1.65x. The total issue size was Rs 680 Cr (Fresh Issue Rs 680 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Purple Style Labs IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 2 | +0.35% |
| Day 2 | Rs 1 | +0.17% |
| Day 3 | Rs 0 | 0.00% |
| Day 4 | Rs 4 | +0.70% |
| Day 5 | Rs 8 | +1.39% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 6.3 pp (Reasonably accurate)
Issue & financials
Market context at listing
How the broader market moved around the Purple Style Labs IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Purple Style Labs IPO - FAQs
What was the listing gain of Purple Style Labs IPO?
Purple Style Labs IPO listed at -6.3% versus the upper issue price of Rs 575 on 07 September 2026.
How many times was Purple Style Labs IPO subscribed?
Purple Style Labs IPO was subscribed 1.36x overall. QIB portion was subscribed 1.50x, HNI / NII 0.89x and Retail 1.65x.
What was the IPO GMP for Purple Style Labs?
IPO GMP started at Rs 2 on Day 1 and moved to Rs 8 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.