GENERAL7 Sept 2026
Purple Style Labs share price makes a weak debut, stock opens with a 7% discount at ₹535 apiece on NSE
Purple Style Labs' shares opened at ₹535 on NSE, about 7% below the IPO price of ₹575. The IPO was subscribed 1.29 times and raised ₹680 crore through a fresh issue. Celebrity investors include Shah Rukh Khan and Sachin Tendulkar. If you invested, you're currently at a loss. Watch the stock and talk to a certified advisor before making any move.
Key Statutory Highlights
- Purple Style Labs shares opened at ₹535 on NSE, 6.96% below the IPO price of ₹575.
- The IPO was subscribed 1.29 times, with retail investors at 1.58 times and QIBs at 1.43 times.
- The company raised ₹680 crore through a fresh issue, with ₹371.13 crore planned for its subsidiary PSL Retail.
Actionable Advice for Taxpayers / Founders:If you invested in the IPO, don't panic. Track the stock's performance and consult a SEBI-registered financial advisor before deciding to hold or sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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