Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Purple Style Labs files for ₹660 crore IPO to fund expansion and operations.
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.
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.
It also seeks ₹130 crore in a pre-IPO placement, which would reduce the fresh issue size.
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.
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%.
Axis Capital and IIFL Capital Services are lead merchant bankers.
The IPO is subject to SEBI approval.
Purple Style Labs solicita una OPI de ₹ 660 crore para financiar la expansión y las operaciones.