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Purple Style Labs IPO Allotment Finalized: How to Check Status on KFin, NSE, BSE

· · 3 min read

Purple Style Labs, parent of Pernia’s Pop-Up Shop, finalized its IPO share allotment on September 3. Investors can check application status via KFin Technologies, NSE, or BSE websites. Refunds are set for September 4, with listing on September 7.

Purple Style Labs, the parent company behind the luxury fashion store Pernia’s Pop-Up Shop, has finalized the allotment of its initial public offering (IPO) shares today, September 3. Investors who bid for the issue can now check their application status through the official registrar, KFin Technologies, or via the websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

For those who do not receive an allotment, refund mandates are expected to be processed by Friday, September 4. The equity shares of Purple Style Labs are scheduled for listing on both the BSE and NSE on Monday, September 7.

Purple Style Labs IPO Details

The IPO was open for subscription from August 31 to September 2, with shares offered in a price band of Rs 546-575 apiece. The company aimed to raise Rs 680 crore through the issue, which had a lot size of 26 equity shares. The overall subscription rate for the IPO stood at 1.29 times, attracting approximately 64,000 applications.

  • Qualified Institutional Bidders (QIBs) portion was subscribed 1.43 times.
  • Retail investors' portion saw a subscription of 1.57 times.
  • Non-Institutional Investors (NIIs) portion was subscribed 0.84 times.

Following the moderate subscription, the grey market premium (GMP) for Purple Style Labs IPO shares reportedly saw a sharp correction. It was last heard commanding Rs 1.5-2 per share, a significant drop from its earlier premium of Rs 30-35 during the bidding period. This revised GMP suggests a potentially muted listing for the shares.

Axis Capital and IIFL Capital served as the book running lead managers for the Purple Style Labs IPO, with KFin Technologies acting as the official registrar for the issue.

How to Check Purple Style Labs IPO Allotment Status

1. On the Website of KFin Technologies (Registrar)

  1. Visit the official KFin Technologies IPO allotment portal.
  2. From the dropdown menu, select "Purple Style Labs Limited" (this option will be visible once the allotment is finalized).
  3. Choose one of the three search options: Application Number, Demat Account Number, or PAN ID.
  4. Select the application type (ASBA or non-ASBA).
  5. Enter the required details corresponding to your chosen search option.
  6. Complete the captcha verification accurately.
  7. Click "Submit" to view your allotment status.

2. On the Website of National Stock Exchange (NSE)

  1. Go to the NSE IPO allotment status page.
  2. Select "Equity & SME IPO Bid details".
  3. Under "Select Symbol", choose "PERNIASPOP" from the dropdown list.
  4. Enter your PAN number and Application number in the respective fields.
  5. Click "Submit" to check your status.

3. On the Website of Bombay Stock Exchange (BSE)

  1. Navigate to the BSE IPO allotment page.
  2. Under "Issue Type," select "Equity."
  3. In the "Issue Name" dropdown, find and select "Purple Style Labs Limited."
  4. Enter your Application Number in the designated field.
  5. Provide your PAN card ID.
  6. Complete the "I am not a Robot" verification.
  7. Click "Search" to display your allotment details.

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