Summary:
Purple Style Labs IPO allotment is being finalised on September 3, 2026, after the ₹680 crore issue closed with an overall subscription of 0.36 times. Retail investors subscribed 1.23 times, while NII and QIB participation remained below full subscription at 0.40 times and 0.06 times, respectively. Investors can check their allotment status through BSE, NSE or Kfin Technologies using their PAN, application number or demat details. Shares are expected to be credited on September 4, with listing scheduled for September 7, 2026.
Purple Style Labs' ₹680 crore IPO closed for subscription on September 2, 2026, after being subscribed 0.36 times overall, with Retail Individual Investors the only category to cross full subscription while Non-Institutional Investors and Qualified Institutional Buyers stayed well below 1x. With allotment being finalised today, September 3, 2026, here's a complete guide to checking your allotment status and what comes next.
About Purple Style Labs IPO
Incorporated in 2015 and headquartered in Mumbai, Purple Style Labs operates Pernia's Pop-Up Shop, a multi-brand luxury omnichannel fashion platform focused on Indian wedding and occasion wear, sourcing from 1,109 active designer brands and carrying over 208,000 SKUs as of March 2026. The company runs 14 Experience Centres globally, 12 across major Indian cities plus one each in London and New York, alongside its website and mobile app, and served more than 200,000 unique customers over FY24-FY26. Revenue from operations stood at ₹557.84 crore in FY26, though the company reported a widening net loss of ₹285.40 crore, up from ₹188.30 crore the prior year.
Purple Style Labs IPO Issue Details
| Detail | Information |
| Issue Size | ₹680 crore (entirely fresh issue, 1,18,26,086 shares) |
| Price Band | ₹546-₹575 per share |
| Lot Size | 26 shares |
| Minimum Investment (Retail) | ₹14,950 |
| Face Value | ₹10 per share |
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Registrar | Kfin Technologies Ltd |
| Book-Running Lead Managers | Axis Capital, IIFL Capital Services |
Check Purple Style Labs IPO Allotment Status on BSE & NSE Website
Steps to check on BSE website
- Visit the BSE IPO allotment status page (bseindia.com).
- Select "Equity" from the Issue Type dropdown.
- Choose "Purple Style Labs Limited" from the Issue Name dropdown.
- Enter your Application Number or PAN.
- Complete the verification and click Submit to view your allotment status.
Steps to check on NSE website
- Visit the NSE IPO bid verification page (nseindia.com).
- Select "Equity & SME IPO Bid Details."
- Choose "Purple Style Labs" from the issue list.
- Enter your PAN or Application Number.
- Click Submit to view the number of shares allotted, if any.
Check Purple Style Labs IPO Allotment Status via Registrar
- Visit the Kfin Technologies IPO status page.
- Select "Purple Style Labs Limited" from the dropdown.
- Choose to search by PAN, Application Number, or Demat Account Number.
- Enter the relevant details and click Submit.
- Your allotment status, allotted or not allotted, along with the number of shares, will be displayed on screen.
Purple Style Labs IPO Subscription Status
| Category | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 0.06 |
| Non-Institutional Investors (NIIs) | 0.40 |
| Retail Individual Investors (RIIs) | 1.23 |
| Overall | 0.36 |
The issue received bids for 24,98,470 shares against 68,49,816 shares on offer.
Purple Style Labs IPO Listing Details
| Event | Date |
| Anchor Bid Date | August 28, 2026 |
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Allotment Finalisation | September 3, 2026 |
| Refund Initiation | September 4, 2026 |
| Demat Credit | September 4, 2026 |
| Listing Date | September 7, 2026 |
| Listing Exchanges | BSE, NSE |
What Happens Once Purple Style Labs IPO Allotment is Out?
Once the basis of allotment is finalised, investors fall into one of two outcomes. If shares are allotted, they will be credited to your demat account by September 4, 2026, and the corresponding amount blocked via UPI mandate or ASBA will be debited from your bank account. If shares are not allotted, the blocked amount will be released back to your account on the same date.
Given the issue closed under-subscribed overall, at just 0.36 times, retail applicants who applied are likely to receive full allotment for the lots they applied for, since retail subscription itself was only 1.23 times. Investors in the Non-Institutional and QIB categories, where demand fell well short of full subscription, should also see a relatively straightforward allotment process compared to typically oversubscribed mainboard issues. Not receiving an allotment doesn't rule out participation altogether, since once Purple Style Labs lists on the exchanges, investors can still buy shares through the regular secondary market. Once shares are credited, they can be tracked and traded from the listing date, September 7, 2026, when Purple Style Labs shares debut on the BSE and NSE.
