IPO-Bound Purple Style Labs Nets ₹306 Cr From Anchor Investors

by · Inc42

SUMMARY

  • Ahead of the commencement of the bidding for its public issue on August 31, Pernia’s Pop Up Shop parent Purple Style Labs has raised nearly ₹306 Cr from anchor investors
  • Purple Style Labs’ public consists solely of a fresh issue of shares worth up to ₹680 Cr, with no offer for sale component
  • In a filing with the exchanges, the company said that it allotted 53.2 Lakh equity shares to ten anchor investors at ₹575 apiece, the upper end of its IPO price band