India, Aug. 26 -- Pernia's Pop-Up Shop parent Purple Style Labs has set a price band of Rs.546 to Rs.575 per equity share for its upcoming Rs.680 Cr initial public offering.

At the upper end of the price band, the multibrand luxury omnichannel fashion platform will command a post-issue market capitalisation of nearly Rs.4,604 Cr (about $483 Mn). Its post-issue valuation at the lower end of the band would be approximately Rs.4,406 Cr (about $463 Mn).

The IPO will open for subscription on August 31 (Monday) and close on September 2 (Wednesday). Anchor investor bidding is scheduled for Friday (August 28).

Bids can be placed for a minimum of 26 shares and in multiples of 26 thereafter. Consequently, retail investors will have to invest at ...