India, July 10 -- Purple Style Labs (PSL), the parent of luxury house of brands Pernia's Pop Up Shop, has raised around Rs.162.5 Cr (about $17 Mn) across multiple tranches this year after receiving SEBI's approval to proceed with its IPO.

As per MCA filings accessed by Inc42, the company raised the capital across 14 tranches between January and June by issuing a combined 64,588 NCDs at a face value of Rs.25,000 apiece.

The debt was raised from institutional investors, including California-based Kairos Ventures, which invested Rs.20 Cr over February and April, while Real Capital Financial Services pumped Rs.15 Cr in January. Meanwhile, Mumbai-headquarter textile importer Texport International invested Rs.2 Cr across two tranches.

The de...