Purple Style Labs IPO
Purple Style Labs IPO is a mainboard IPO raising ₹680 Cr at ₹546 – ₹575 a share. It listed on 7 Sept 2026 at ₹535, −7.0% against its issue price of ₹575, and trades at ₹576 today (+0.1% since issue). It was subscribed 1.29× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 37,36,264 | 53,27,218 | 1.43× |
| Foreign Institutional Investors | no separate quota | 23,68,730 | n/a |
| Domestic Financial Institutions | no separate quota | 12,17,736 | n/a |
| Mutual funds | no separate quota | 15,60,000 | n/a |
| Others | no separate quota | 1,80,752 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 18,68,131 | 15,74,612 | 0.84× |
| Non Institutional Investors | 12,45,421 | 12,52,342 | 1.01× |
| Corporates | no separate quota | 5,01,748 | n/a |
| Individuals | no separate quota | 7,31,484 | n/a |
| Others | no separate quota | 19,110 | n/a |
| Non Institutional Investors | 6,22,710 | 3,22,270 | 0.52× |
| Corporates | no separate quota | 6,526 | n/a |
| Individuals | no separate quota | 3,01,600 | n/a |
| Others | no separate quota | 14,144 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 12,45,421 | 19,64,742 | 1.58× |
| Cut Off | no separate quota | 17,46,940 | n/a |
| Price bids | no separate quota | 2,17,802 | n/a |
| Total | 68,49,816 | 88,66,572 | 1.29× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 3 Sept, 08:15 am IST.
Where the bids landed
Demand falls about 84% from the bottom of the band to the top. 20% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.