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The Economic Times
The Economic Times
Business
Ritesh Presswala

Purple Style Labs IPO Day 3: GMP, subscription status, key details. Should you subscribe?

Purple Style Labs IPO GMP SBI Securities Pernia PopUp Shop Sachin Tendulkar Luxury India Madhuri Dixit Mahesh Babu

The Purple Style Labs IPO has entered its third and final day of bidding, with investor participation remaining relatively subdued so far. In the grey market, the IPO is currently commanding a premium of around 1%, indicating expectations of a largely flat listing gain over the issue price.

On the second day of bidding, the issue saw a muted response, with the overall IPO subscribed 24% against the 68.49 lakh shares on offer. The retail investor portion witnessed comparatively stronger demand.

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