Purple Style Labs IPO Day 3: GMP, subscription status, key details. Should you subscribe?

Purple Style Labs IPO enters its third and final day of bidding, with the issue subscribed 24% on the second day and a grey market premium of around 1%. While retail participation has been relatively stronger, the companys FY26 loss and limited visibility on sustainable profitability have led SBI Securities to assign a ‘Neutral rating to the IPO.

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