India, Aug. 31 -- Update| August 31, 2026, 18:04 IST

Pernia's Pop Up Shop parent Purple Style Labs' initial public offering (IPO) was only subscribed by 8% by the end of the first day of bidding.

The issue received total bids for 5.59 Lakh shares against 68.50 Lakh shares on offer.

Retail investors accounted for most of the demand, bidding for 4.85 lakh shares against the 12.45 lakh shares set aside for them, subscribing their quota by 39%.

Non-institutional investors bid for 74,126 shares against 18.68 lakh shares reserved for them, subscribing to their quota by 4%.

Qualified institutional buyers showed the least appetite for the offering on day one, bidding for 364 shares against the 37.36 lakh shares allocated to them.

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