Purple Style Labs collects ₹306 cr from anchor investors; IPO opens Aug 31 ...Middle East

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Purple Style Labs collects ₹306 cr from anchor investors; IPO opens Aug 31
source : Business Standard ( Middle East ) () 104
Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Lab

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