GENERAL3 Sept 2026
Purple Style Labs IPO allotment in focus today; GMP at ₹1.5, 4 steps to check status | Stock Market News
Purple Style Labs IPO allotment is being finalised today, 3 September. The grey market premium is just ₹1.5, putting the estimated listing price at ₹576.5, barely above the ₹575 issue price. The IPO was subscribed only 1.29 times, so demand was weak. Refunds for unsuccessful applicants begin 4 September; successful investors get shares in their demat accounts the same day. Listing is set for Monday, 7 September.
Key Statutory Highlights
- The allotment is being finalised on 3 September, with the estimated listing price at ₹576.5 based on a grey market premium of just ₹1.5.
- The IPO was subscribed only 1.29 times on the last bidding day, showing weak investor demand.
- Refunds for unallotted applicants start on 4 September, and allotted shares will be credited to demat accounts the same day.
Actionable Advice for Taxpayers / Founders:If you applied, check your allotment status on the Kfin Technologies portal at ipostatus.kfintech.com using your PAN, demat account number, or application number.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief passed the displayed source checks. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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