Purple Style Labs Ltd IPO
Status: Closed
Overview
IPO date
31 Aug 2026 to 02 Sept 2026
Face value
₹ 0 per share
Price
₹ 546 to ₹575 per share
Issue Size
11,826,086 shares
(aggregating up to ₹ 680 Cr)
(aggregating up to ₹ 680 Cr)
Allotment Date
03 Sept 2026
Listing at
NSE
Issue type
Book Building
Sector
Trading
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T&C*
Strengths vs Risks of Purple Style Labs Ltd
Know the pros & cons
Strengths
- According to the 1Lattice Report, we are one of the largest and fastest growing multi-brand luxury omni-channel fashion platform in India in terms of revenue in Financial Year ended 2025, serving customers in India and abroad.
- We have implemented an omnichannel model that seamlessly integrates our online platform with physical Experience Centers.
- We have established a strong and growing international presence, serving a diverse global customer base across multiple countries.
- We have established ourselves as a premier luxury fashion destination for Indian Designer Brands.
- We have a robust management team and an experienced Board.
Risks
- The company has in the past incurred losses, negative retained earnings amounting to Rs. 7,102.86 million as of March 31, 2026 and negative net cash flows from operating activities. If its continue to faces an increase in the company's losses or negative retained earnings or have negative cash flows over extended periods, it could have an adverse impact on the company's results of operations, financial condition and cash flows.
- The company derives a substantial portion of Total PPUS GMV from the womenswear category (77.70%, 75.66% and 77.88% of its Total PPUS GMV in Fiscals 2026, 2025 and 2024). Any variations in demand and changes in consumer preference for the company's womenswear collection could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company depends on its Experience Centers for a significant portion of the company's Total PPUS GMV (its PPUS GMV derived from the company's Indian Experience Centers was 74.72%, 66.41% and 56.20% of the Total PPUS GMV for Fiscals 2026, 2025 and 2024, respectively1). Any disruptions to the operations of these Experience Centers or limitations on its ability to expand and grow these Experience Centers may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on its website and mobile application for the company's online sales (its PPUS GMV derived from the company's online channels was 9.05%, 10.75% and 15.68% of the Total PPUS GMV for Fiscals 2026, 2025 and 2024, respectively2) and relies on mobile operating systems and application marketplaces to make the company's applications available to participants that utilize its platform. Any disruption to the company's website or mobile application, including due to technical issues, cyber-attacks, changes in consumer behavior, or adverse changes in mobile operating system policies or application marketplace placements, could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Changes in international trade policies, geopolitics and trade tariffs, export controls, economic or trade sanctions may materially and adversely affect its business, financial condition and results of operations.
- Any inability on the company's part to enhance its presence, increase the company customer base, retain existing customers, increase sales to the company's customers and expand its footprint may adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on its top Designer Brands for a significant portion of the company's Total PPUS GMV (Its top 10 Designer Brands contributed 30.24%, 26.54% and 23.44% of the company's Total PPUS GMV in Fiscals 2026, 2025 and 2024). If the company fails to retain its existing Designer Brands or add new designer brands to the company's portfolio in a cost-effective manner, or if the company Designer Brands fails to supply quality products, its business, financial condition, cash flows, results of operations and prospects may be adversely affected.
- The company's Designer Brands set their own prices for products that are sold on its online platform. Additionally, the company faces contractual risks relating to the non-exclusive agreements with its Designer Brands, which could affect the company's ability to respond to consumer preferences and trends.
- The company may be unable to adequately maintain, protect and enforce its intellectual property rights, and may not be able to prevent others from unauthorized use of the company's intellectual property and other proprietary rights, which could harm its business and competitive position.
- The company has incurred indebtedness in the past. Its inability to obtain further financing or meet the company's obligations, including financial and restrictive covenants under its debt financing arrangements and to maintain a high debt service coverage ratio (the company's debt service coverage ratio was 0.08, 0.37, and 0.27 for the Fiscals 2026, 2025 and 2024, respectively) could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company derives a significant portion of its Total PPUS GMV from outside India (20.29%, 28.38% and 35.07% of the company's Total PPUS GMV in Fiscals 2026, 2025 and 2024) which exposes it to risks inherent to operations in these foreign jurisdictions. Any adverse developments in the international markets that the company operates or intend to expand to, including but not limited to foreign currency exchange rate fluctuations, could have an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The premises of all the company's Experience Centers are either licensed or leased. If the company fails to renew these leases on competitive terms or at all or if the company is unable to manage its lease rental costs, the company's business, financial condition, cash flows, results of operations and prospects would be materially and adversely affected.
- The company's business is highly concentrated on Indian wedding and occasion wear and vulnerable to changes in consumer preferences which could have an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company's Designer Brands manufacture the products that its sell through PPUS Omni-channel and any failure in their quality control processes may damage the company's reputation, and adversely affect its business, financial condition, cash flows, results of operations and prospects. The company may faces reputational harm or proceedings if the quality of the products does not meet its customers expectations.
- The company has in the past faced an increase in its finance costs from Rs.407.57 million in Fiscal 2024 to Rs.529.73 million in Fiscal 2025 and further to Rs.970.87 million in Fiscal 2026. Any further increase in the company's finance costs could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company's industry is competitive in both the offline and the online channels, with the potential to adversely affect its sales and the company's ability to work at high margins. Its inability to compete effectively may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The wide variety of payment methods that the company accepts subjects it to third-party payment processing-related risks, which if materialized could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company's Statutory Auditors have included certain emphasis of matters, and observations prescribed under the Companies (Auditor's Report) Order, 2020 in the audit reports of the Company, in the Restated Consolidated Financial Information of the Company.
- There are outstanding litigation involving the Company, Its Directors and Subsidiaries. An adverse outcome in any of these proceedings may affect Its reputation or standing or may impact the company's future business or could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company is dependent on its Designer Brands to maintain and enhance the popularity of their respective brands, in the absence of which, the company may suffer an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's inability to successfully sustain its recent growth and implement the company's business plan and strategies could adversely affect Its business, financial condition, cash flows, results of operations and prospects.
- The company has in the past faced an increase in its employee benefits expense from Rs.586.86 million in Fiscal 2024 to Rs.662.08 million in Fiscal 2025 and further to Rs.819.96 million in Fiscal 2026. Any further increase in the company's employee benefits expense could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has in the past entered into related party transactions and will continue to do so in the future and the company cannot assure you that its could not have achieved more favorable terms if such transactions had not been entered into with related parties.
- The company's business depends on the growth of the online commerce industry globally and its ability to effectively respond to changing user behavior on digital platforms.
- There has been delays and errors in completing certain of the company statutory and regulatory filings. Its cannot assure you that regulatory proceedings or actions will not be initiated against it in the future, and the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.
- If its unable to accurately identify customer preferences and trends and maintain an optimal level of inventory in the company Experience Centers, our business, financial condition, cash flows, results of operations and prospects may be adversely affected.
- Its rely on certain third-party transportation providers for the transportation and delivery of the company products to its customers. Any failure on the part of such transportation providers to meet their obligations could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has faced attrition of its permanent employees (attrition rate of permanent employees was 46.13%, 41.52% and 46.15% for Fiscals 2026, 2025 and 2024, respectively) in the past. The company success depends in large part upon the efforts of its KMPs, SMPs and certain other employees and the company inability to attract, train and retain such persons could adversely affect its business, financial condition, cash flows and results of operations.
- Its exposed to losses dues to fraud, negligence, theft or similar incidents by the company employees or customers which may has an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The Company proposes to utilize the Net Proceeds towards (i) investment in the company wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India; (ii) funding towards sales and marketing expenses to be incurred by the Company; and (iii) general corporate purposes. The usage of its Net Proceeds towards these Objects will not result in the creation of any identifiable assets.
- Its subject to governmental regulation and the company may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation, and the company failure to comply may result in enforcements, recalls, and other adverse actions.
- The company insurance coverage may not be sufficient or may not adequately protect it against risks and unexpected events, which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company online marketing listings or reviews may constitute internet advertisements, which subject it to laws, rules and regulations applicable to advertising, non-compliance of which could lead to additional costs and penalties which may adversely affect its business, results of operations, and cash flows.
- The company has in the past undertaken impairment of goodwill of Its in-house brands such as `Hemant Trevedi' and `Wendell Rodricks'. Any future impairment of goodwill or other intangible assets may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- There were certain instances of delays in payment of statutory dues by it. Future delays in payment of statutory dues could attract financial penalties or other regulatory actions from the respective government authorities and in turn adversely affect the company financial condition and cash flows.
- Its exposed to labor shortages, strikes, work stoppages or increased wage demands or other disputes with the company employees which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The Company does not has any comparable listed peer companies in India and internationally for comparison of performance and therefore, investors must rely on their own examinations of accounting ratios of the Company for the purposes of investment in this Issue.
- The company required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- Certain of the company Directors, Key Managerial Personnel and members of Senior Management has interests in the Company and its Subsidiaries in addition to their remuneration and reimbursement of expenses.
- Its cannot assure payment of dividends on the Equity Shares in the future and the company ability to pay dividends in the future will depend on its earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements and its may not be able to pay dividends in future.
- An inability to establish and maintain effective internal controls could lead to an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company funding requirements and deployment of the Net Proceeds of the Issue are based on management estimates and has not been independently appraised.
- Its may grow the company business through acquisitions, joint ventures, joint development or consortiums, which may prove to be difficult to integrate and manage or may not be successful.
- Certain sections of this Red Herring Prospectus disclose information from the 1Lattice Report which has been prepared exclusively for the Issue and commissioned and paid for by it exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Damage to and/or malfunction of any of the company operating systems or cyber security risks could disrupt the company operations and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company inability to effectively collect receivables and default in payment from its customers could result in the reduction of the company profits and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company management has noted exceptional items in the company Restated Consolidated Financial Information (exceptional items - expense/(income) were Rs.1,179.28 million in Fiscal 2026 and Rs.1,227.68 million in Fiscal 2025). Any future exceptional items may lead to an increase in the company losses and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry its operate.
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The IPO opens on 31 Aug 2026 & closes on 02 Sept 2026.
Purple Style Labs Limited was incorporated as Purple Style Labs Private Limited' as a private limited company on August 6, 2015 at Mumbai. Subsequently, Company was converted to a public limited company on December 13, 2023 and its name was changed from Purple Style Labs Private Limited to Purple Style Labs Limited via fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai.
The primary business of the Company is the retail of womenswear, menswear and other categories of products including jewellery, accessories and kids wear through its omnichannel platform comprising the online platforms in the name and style of Pernia's Pop-Up Shop and physical experience centers, in the name and style of Pernia's Pop-up Studios.
Pernia's Pop-Up Shop (PPUS) is one of the largest and fastest growing multi-brand luxury omni-channel fashion platform, serving customers in India and abroad. The omni-channel platform includes Experience Centers, the online platforms of PPUS including website, mobile application, other telephonic and digital sales channels and events and exhibitions, among others.
In February 2018, Company acquired the assets of Pernia's Pop-Up Shop. At the time of the acquisition, Pernia's Pop-Up Shop was mainly an online platform and has since transformed into an omni-channel platform, with Experience Centers and a robust presence. The Company thereafter, opened first flagship Experience Center in Juhu, Mumbai in 2018, which now has expanded the store presence to 14 Experience Centers globally, 13 of which are in India and one Experience Center is in London, UK.
In 2022, Company opened a Large Format Experience Center in Mehrauli, Delhi, and in Hyderabad, Telangana in FY24. In 2025, Company has further opened 2 Large Format Experience Centers at South Extension, Delhi and Fort, Mumbai. Company also in the process of opening two new Experience Centers on Linking Road, Mumbai and in New York, USA, respectively.
Company is planning the initial public offer by raising funds of Rs 660 Cr equity shares through fresh issue.
Purple Style Labs Ltd IPO will close on 02 Sept 2026.
- According to the 1Lattice Report, we are one of the largest and fastest growing multi-brand luxury omni-channel fashion platform in India in terms of revenue in Financial Year ended 2025, serving customers in India and abroad.
- We have implemented an omnichannel model that seamlessly integrates our online platform with physical Experience Centers.
- We have established a strong and growing international presence, serving a diverse global customer base across multiple countries.
- We have established ourselves as a premier luxury fashion destination for Indian Designer Brands.
- We have a robust management team and an experienced Board.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Abhishek Agarwal | 19100000 | 26.09 | 19100000 | 22.46 |
| 2 | Payal Kumari Agarwal | 160000 | 0.22 | 160000 | 0.19 |
| 3 | Priyanka Agarwal | 20000 | 0.03 | 20000 | 0.02 |
- The company has in the past incurred losses, negative retained earnings amounting to Rs. 7,102.86 million as of March 31, 2026 and negative net cash flows from operating activities. If its continue to faces an increase in the company's losses or negative retained earnings or have negative cash flows over extended periods, it could have an adverse impact on the company's results of operations, financial condition and cash flows.
- The company derives a substantial portion of Total PPUS GMV from the womenswear category (77.70%, 75.66% and 77.88% of its Total PPUS GMV in Fiscals 2026, 2025 and 2024). Any variations in demand and changes in consumer preference for the company's womenswear collection could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company depends on its Experience Centers for a significant portion of the company's Total PPUS GMV (its PPUS GMV derived from the company's Indian Experience Centers was 74.72%, 66.41% and 56.20% of the Total PPUS GMV for Fiscals 2026, 2025 and 2024, respectively1). Any disruptions to the operations of these Experience Centers or limitations on its ability to expand and grow these Experience Centers may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on its website and mobile application for the company's online sales (its PPUS GMV derived from the company's online channels was 9.05%, 10.75% and 15.68% of the Total PPUS GMV for Fiscals 2026, 2025 and 2024, respectively2) and relies on mobile operating systems and application marketplaces to make the company's applications available to participants that utilize its platform. Any disruption to the company's website or mobile application, including due to technical issues, cyber-attacks, changes in consumer behavior, or adverse changes in mobile operating system policies or application marketplace placements, could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Changes in international trade policies, geopolitics and trade tariffs, export controls, economic or trade sanctions may materially and adversely affect its business, financial condition and results of operations.
- Any inability on the company's part to enhance its presence, increase the company customer base, retain existing customers, increase sales to the company's customers and expand its footprint may adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on its top Designer Brands for a significant portion of the company's Total PPUS GMV (Its top 10 Designer Brands contributed 30.24%, 26.54% and 23.44% of the company's Total PPUS GMV in Fiscals 2026, 2025 and 2024). If the company fails to retain its existing Designer Brands or add new designer brands to the company's portfolio in a cost-effective manner, or if the company Designer Brands fails to supply quality products, its business, financial condition, cash flows, results of operations and prospects may be adversely affected.
- The company's Designer Brands set their own prices for products that are sold on its online platform. Additionally, the company faces contractual risks relating to the non-exclusive agreements with its Designer Brands, which could affect the company's ability to respond to consumer preferences and trends.
- The company may be unable to adequately maintain, protect and enforce its intellectual property rights, and may not be able to prevent others from unauthorized use of the company's intellectual property and other proprietary rights, which could harm its business and competitive position.
- The company has incurred indebtedness in the past. Its inability to obtain further financing or meet the company's obligations, including financial and restrictive covenants under its debt financing arrangements and to maintain a high debt service coverage ratio (the company's debt service coverage ratio was 0.08, 0.37, and 0.27 for the Fiscals 2026, 2025 and 2024, respectively) could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company derives a significant portion of its Total PPUS GMV from outside India (20.29%, 28.38% and 35.07% of the company's Total PPUS GMV in Fiscals 2026, 2025 and 2024) which exposes it to risks inherent to operations in these foreign jurisdictions. Any adverse developments in the international markets that the company operates or intend to expand to, including but not limited to foreign currency exchange rate fluctuations, could have an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The premises of all the company's Experience Centers are either licensed or leased. If the company fails to renew these leases on competitive terms or at all or if the company is unable to manage its lease rental costs, the company's business, financial condition, cash flows, results of operations and prospects would be materially and adversely affected.
- The company's business is highly concentrated on Indian wedding and occasion wear and vulnerable to changes in consumer preferences which could have an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company's Designer Brands manufacture the products that its sell through PPUS Omni-channel and any failure in their quality control processes may damage the company's reputation, and adversely affect its business, financial condition, cash flows, results of operations and prospects. The company may faces reputational harm or proceedings if the quality of the products does not meet its customers expectations.
- The company has in the past faced an increase in its finance costs from Rs.407.57 million in Fiscal 2024 to Rs.529.73 million in Fiscal 2025 and further to Rs.970.87 million in Fiscal 2026. Any further increase in the company's finance costs could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company's industry is competitive in both the offline and the online channels, with the potential to adversely affect its sales and the company's ability to work at high margins. Its inability to compete effectively may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The wide variety of payment methods that the company accepts subjects it to third-party payment processing-related risks, which if materialized could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company's Statutory Auditors have included certain emphasis of matters, and observations prescribed under the Companies (Auditor's Report) Order, 2020 in the audit reports of the Company, in the Restated Consolidated Financial Information of the Company.
- There are outstanding litigation involving the Company, Its Directors and Subsidiaries. An adverse outcome in any of these proceedings may affect Its reputation or standing or may impact the company's future business or could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company is dependent on its Designer Brands to maintain and enhance the popularity of their respective brands, in the absence of which, the company may suffer an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's inability to successfully sustain its recent growth and implement the company's business plan and strategies could adversely affect Its business, financial condition, cash flows, results of operations and prospects.
- The company has in the past faced an increase in its employee benefits expense from Rs.586.86 million in Fiscal 2024 to Rs.662.08 million in Fiscal 2025 and further to Rs.819.96 million in Fiscal 2026. Any further increase in the company's employee benefits expense could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has in the past entered into related party transactions and will continue to do so in the future and the company cannot assure you that its could not have achieved more favorable terms if such transactions had not been entered into with related parties.
- The company's business depends on the growth of the online commerce industry globally and its ability to effectively respond to changing user behavior on digital platforms.
- There has been delays and errors in completing certain of the company statutory and regulatory filings. Its cannot assure you that regulatory proceedings or actions will not be initiated against it in the future, and the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.
- If its unable to accurately identify customer preferences and trends and maintain an optimal level of inventory in the company Experience Centers, our business, financial condition, cash flows, results of operations and prospects may be adversely affected.
- Its rely on certain third-party transportation providers for the transportation and delivery of the company products to its customers. Any failure on the part of such transportation providers to meet their obligations could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has faced attrition of its permanent employees (attrition rate of permanent employees was 46.13%, 41.52% and 46.15% for Fiscals 2026, 2025 and 2024, respectively) in the past. The company success depends in large part upon the efforts of its KMPs, SMPs and certain other employees and the company inability to attract, train and retain such persons could adversely affect its business, financial condition, cash flows and results of operations.
- Its exposed to losses dues to fraud, negligence, theft or similar incidents by the company employees or customers which may has an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The Company proposes to utilize the Net Proceeds towards (i) investment in the company wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India; (ii) funding towards sales and marketing expenses to be incurred by the Company; and (iii) general corporate purposes. The usage of its Net Proceeds towards these Objects will not result in the creation of any identifiable assets.
- Its subject to governmental regulation and the company may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation, and the company failure to comply may result in enforcements, recalls, and other adverse actions.
- The company insurance coverage may not be sufficient or may not adequately protect it against risks and unexpected events, which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company online marketing listings or reviews may constitute internet advertisements, which subject it to laws, rules and regulations applicable to advertising, non-compliance of which could lead to additional costs and penalties which may adversely affect its business, results of operations, and cash flows.
- The company has in the past undertaken impairment of goodwill of Its in-house brands such as `Hemant Trevedi' and `Wendell Rodricks'. Any future impairment of goodwill or other intangible assets may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- There were certain instances of delays in payment of statutory dues by it. Future delays in payment of statutory dues could attract financial penalties or other regulatory actions from the respective government authorities and in turn adversely affect the company financial condition and cash flows.
- Its exposed to labor shortages, strikes, work stoppages or increased wage demands or other disputes with the company employees which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The Company does not has any comparable listed peer companies in India and internationally for comparison of performance and therefore, investors must rely on their own examinations of accounting ratios of the Company for the purposes of investment in this Issue.
- The company required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- Certain of the company Directors, Key Managerial Personnel and members of Senior Management has interests in the Company and its Subsidiaries in addition to their remuneration and reimbursement of expenses.
- Its cannot assure payment of dividends on the Equity Shares in the future and the company ability to pay dividends in the future will depend on its earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements and its may not be able to pay dividends in future.
- An inability to establish and maintain effective internal controls could lead to an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- The company funding requirements and deployment of the Net Proceeds of the Issue are based on management estimates and has not been independently appraised.
- Its may grow the company business through acquisitions, joint ventures, joint development or consortiums, which may prove to be difficult to integrate and manage or may not be successful.
- Certain sections of this Red Herring Prospectus disclose information from the 1Lattice Report which has been prepared exclusively for the Issue and commissioned and paid for by it exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Damage to and/or malfunction of any of the company operating systems or cyber security risks could disrupt the company operations and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company inability to effectively collect receivables and default in payment from its customers could result in the reduction of the company profits and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company management has noted exceptional items in the company Restated Consolidated Financial Information (exceptional items - expense/(income) were Rs.1,179.28 million in Fiscal 2026 and Rs.1,227.68 million in Fiscal 2025). Any future exceptional items may lead to an increase in the company losses and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry its operate.
The Issue type of Purple Style Labs Ltd is Book Building.
The minimum application for shares of Purple Style Labs Ltd is 26.
The total shares issue of Purple Style Labs Ltd is 11826086.
Initial public offering of 11,826,086 equity shares of face value of Rs. 10 each ("Equity Shares") of Purple Style Labs Limited (the "Company" or the "Issuer") for cash at a price of Rs. 575 per equity share (Including a Share Premium of Rs. 565 Per Equity Share) ("Issue Price") aggregating to Rs. 680 Crores (the "Issue") comprising a fresh issue of 11,826,086 equity shares of face value of Rs. 10 each aggregating to Rs. 680 Crores (the "Fresh Issue").
The issue shall constitute 14.77% of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 575 per equity share of face value of Rs. 10 each.
The floor price 57.5 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 26 equity shares of face value of Rs. 10 each and in multiples of 26 equity shares of face value of Rs. 10 each thereafter.