Purple Style Labs Ltd - IPO

Purple Style Labs Ltd IPO Details

Initial public offering of up to 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 up to Rs. 680 Crores (the Issue) comprising a fresh issue of up to 11,826,086 equity shares of face value of Rs. 10 each aggregating up to Rs. 680 Crores (the Fresh Issue).The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company.The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating up to Rs. 130 crores, as may be permitted under applicable law, prior to filing of the red herring prospectus with the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule19(2)(b) of the securities contracts (Regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.Price Band: Rs. 546 to Rs. 575 per equity share of face value of Rs. 10 each.The floor price and the cap price are 54.6 times and 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