Pernia’s Pop-Up Shop Parent IPO Subscribed 1.29X

2 Sept 2026, 7:11 pm · 10d ago · 1 min read · Inc42

Amount

₹680 Cr

Stage

IPO

The ₹680 crore initial public offering of Purple Style Labs, the parent company of luxury fashion platform Pernia’s Pop-Up Shop, closed with an overall subscription of 1.29X on its final bidding day. According to BSE data, the fresh issue received bids for 88.54 lakh shares against 68.49 lakh shares on offer. Retail individual investors drove demand, oversubscribing their quota 1.57X, while Qualified Institutional Buyers (QIBs) booked their portion 1.43X. However, Non-Institutional Investors (NIIs) showed muted interest, subscribing only 84% of their allotted quota with 15.70 lakh bids for 18.68 lakh shares.