Purple Style Labs IPO allotment is expected to be finalised on Thursday after the Rs 680 crore issue closed for subscription on Wednesday. The IPO, which opened on August 31, was subscribed 1.36 times on the final day, led by retail and qualified institutional buyers.
The retail portion was subscribed 1.66 times, while the QIB portion, excluding anchor investors, was booked 1.5 times. The non-institutional investor category saw 0.89 times subscription. The company’s shares are expected to list on BSE and NSE on September 7. Refunds and credit of shares to demat accounts are likely on September 4.
