Purple Style Labs Ltd - IPO

Purple Style Labs Ltd IPO Details

Initial public offering of 11,826,086 equity shares of face value of Rs. 10 each (Equity Shares) of Purple Style Labs Limited (the Company or the Issuer) for cash at a price of Rs. 575 per equity share (Including a Share Premium of Rs. 565 Per Equity Share) (Issue Price) aggregating to Rs. 680 Crores (the Issue) comprising a fresh issue of 11,826,086 equity shares of face value of Rs. 10 each aggregating to Rs. 680 Crores (the Fresh Issue).The issue shall constitute 14.77% of the post-issue paid-up equity share capital of the company.Price Band: Rs. 575 per equity share of face value of Rs. 10 each.The floor price 57.5 times the face value of the equity shares, respectively.Bids can be made for a minimum of 26 equity shares of face value of Rs. 10 each and in multiples of 26 equity shares of face value of Rs. 10 each thereafter.

Objective of issue

Investment in the wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India. Funding towards sales and marketing expenses to be incurred by the Company. General corporate purposes.

Purple Style Labs Ltd Contact Details

Purple Style Labs Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - investor.relations@purplestyles.com

Website - www.purplestylelabs.com