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SRK, Madhuri Dixit-backed Purple Style Labs makes weak D-Street debut. Should you buy?
Purple Style Labs commenced trading on Monday at a discount, despite its initial public offering being fully subscribed. The acquisition of Pernia's Pop-Up Shop in 2018 played a role in the considerable revenue growth from FY20 to FY24. Nevertheless, analysts caution investors regarding the expanding losses and the company's currently high valuation.
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economictimes.indiatimes.com
Purple Style Labs shares list at 7% discount to IPO price on NSE
The Rs 680-crore IPO, which opened for subscription on August 31 and closed on September 2, was subscribed 1.29 times overall. Retail investors led the demand, with their portion…
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thehindubusinessline.com
Purple Style Labs end 1% below ₹575-IPO price after 6-7% discount debut
Purple Style Labs shares debuted weakly at ₹535 but quickly rose above the IPO price of ₹575.
