India, Sept. 2 -- Pernia's Pop-Up Shop parent Purple Style Labs' IPO entered its final day of bidding with overall investor demand remaining muted.

As of 12:18 IST today, the public issue had received bids for 25.1 Lakh shares against 68.5 Lakh shares on offer, translating to a subscription of 37%.

The issue was subscribed 8% on the first day and ended the second day with a subscription of 24%.

Retail investors continued to lead the demand, with their reserved portion subscribed 1.23X. The category received bids for 15.4 Lakh shares against the 12.5 Lakh shares reserved for it.

Meanwhile, NIIs subscribed 41% of their reserved quota, placing bids for 7.6 Lakh shares against 18.7 Lakh shares on offer.

Of this, NIIs bidding for shares w...