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flag Purple Style Labs files for ₹660 crore IPO to fund expansion and operations.

flag Purple Style Labs, parent company of Pernia’s Pop-Up Shop, has filed draft papers with India’s SEBI to raise ₹660 crore via an IPO, with the entire offering being a fresh issue of equity shares. flag The company plans to use ₹363.3 crore for lease liabilities of experience centers and back-end offices in India, ₹128 crore for sales and marketing, and the rest for general corporate purposes. flag It also seeks ₹130 crore in a pre-IPO placement, which would reduce the fresh issue size. flag The company curates products from over 1,312 designer brands across multiple categories, serving customers in over 100 countries through online channels and a UK flagship center. flag It reported strong customer growth, with average order value rising from ₹39,499 in FY23 to ₹56,106 in FY25, and sales and marketing expenses as a percentage of revenue dropping from 12.88% to 6.77%. flag Axis Capital and IIFL Capital Services are lead merchant bankers. flag The IPO is subject to SEBI approval.

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