Market Chatter: Purple Style Labs to Launch Up to INR6.8 Billion India IPO Next Week

MT Newswires Live08-26 15:36

Purple Style Labs plans to launch its initial public offering in India next week, seeking to raise up to 6.8 billion Indian rupees through a fresh share issue, Bloomberg reported Wednesday, citing company prospectus.

The company, which owns Pernia's Pop-Up Shop, will offer shares at 546 rupees to 575 rupees each, with the IPO open for subscription from Aug. 31 to Sept. 2, according to the report.

Axis Capital and IIFL Capital are managing the offering.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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