Pernia’s Pop-Up Studio parent to raise Rs 680 crore via IPO
Mumbai: Luxury fashion platform Pernia’s Pop-Up Studio’s parent company Purple Style Labs (PSL) will raise up to Rs 680 crore through its initial public offering.
The company has fixed the IPO price band at Rs 546-575 per equity share, with a minimum lot size of 26 shares. Bids must be made in multiples of 26.
Around Rs 371 crore from the proceeds will be invested in PSL’s wholly owned subsidiary, PSL Retail, to fund expansion of its physical retail footprint and support its omnichannel growth strategy, the company said.
