💻 Technology 2d ago · Anne Florentyna

IPO-Bound Purple Style Labs Nets ₹306 Cr From Anchor Investors

Inc42
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IPO-Bound Purple Style Labs Nets ₹306 Cr From Anchor Investors
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Ahead of the commencement of the bidding for its public issue on August 31, Pernia’s Pop Up Shop parent Purple Style Labs has raised nearly ₹306 Cr from anchor investors.
In a filing with the exchanges, the company said that it allotted 53.2 Lakh equity shares to ten anchor investors at ₹575 apiece, the upper end of its IPO price band.
Domestic mutual funds lapped up 17.39 Lakh shares worth nearly ₹100 Cr, accounting for 32.68% of the total anchor allocation. Overall, two domestic mutual funds p

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