Purple Style Labs Share Price: Stock Lists at 7% Discount on NSE

On September 7, 2026, Purple Style Labs Ltd. shares made their market debut on the stock exchanges. The stock listed at ₹535.00 on the National Stock Exchange (NSE), reflecting a 6.96% discount over its IPO issue price of ₹575.00 per share. 

While on BSE it listed at ₹539.00 at a discount of 6.26% from the IPO issue price of ₹575.00 per share. 

Purple Style Labs IPO Overview 

The Purple Style Labs IPO is a ₹680.00 crore book-built issue, consisting entirely of a fresh issue of 1.18 crore shares. The bidding window for the public issue opened on August 31, 2026, and concluded on September 2, 2026, followed by the finalisation of share allotment on September 3, 2026.  

The final issue price was fixed at ₹575 per share. Individual retail investors could participate with a minimum lot size of 26 shares, requiring a baseline investment of ₹14,950. Managing the public offering, Axis Capital Ltd. acted as the book-running lead manager, while Kfin Technologies Ltd. served as the registrar for the issue. 

Business Overview of Purple Style Labs 

Incorporated as a high-growth luxury fashion house, Purple Style Labs Limited designs, curates, and retails premium designer wear and luxury apparel products. Headquartered in Mumbai, the company specializes in luxury occasion wear, designer couture, high-end bridal outfits, jewelry, and luxury contemporary accessories. 

The corporate model relies on an expansive omnichannel multi-brand luxury platform backend infrastructure, driving major domestic and international sales. Its consumer footprint is anchored by massive retail pipeline networks, high-end experiential flagship boutiques, and its globally recognized digital commerce platform, Pernia's Pop-Up Shop. The brand acts as an established luxury retail partner for leading premium Indian designer labels, catering to luxury connoisseurs across major international luxury hubs. 

Financial Overview of Purple Style Labs 

Purple Style Labs Limited has registered evolving fiscal performance across consecutive operational reporting windows: 

• Total Revenue: Reached scaled operational benchmarks with a Total Income of ₹567.07 crore in FY26, up from ₹494.00 crore in FY25, driven by a 15% year-on-year revenue increase over the previous fiscal cycle.
• Profit After Tax (PAT): Witnessed a widening net loss trajectory, dropping further to a loss of -₹285.40 crore in FY26 compared to a loss of -₹188.38 crore in FY25, which marks a steep 51% increase in net losses between the financial years.
• EBITDA Efficiency: Recorded a compression in operating profitability, with EBITDA contracting to ₹30.37 crore in FY26 down from ₹41.99 crore in FY25, highlighting operational pressures despite top-line expansion.
• Utilization of Capital: The company plans to allocate a significant portion of its fresh equity funding proceeds toward expanding its global offline flagship luxury store footprint, upgrading its specialized supply chain tech backend, and marketing domestic designers in international territories. 

Read More: Zydus Lifesciences Share Price in Focus; US Subsidiary Agrees to Pay $5.9 Million to Settle Litigation! 

Purple Style Labs Share Price Performance 

As of September 07, 2026, at 10:02 AM, Purple Style Labs share price on NSE was trading at ₹535.95, down by 6.79% from its IPO issue price of ₹575.00. 

Conclusion 

Purple Style Labs equity shares opened at a discount of 6.96% at ₹535.00 on the NSE, while on BSE it opened at a discount of 6.26% from the IPO issue price of ₹575.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.