Shahrukh, Sachin and Madhuri’s firm preparing for IPO to raise Rs 660 crore: Know details

Purple Style Labs is a company that is associated with mega stars such as like Shah Rukh Khan, Sachin Tendulkar and Madhuri Dixit. It is preparing to float an IPO to rise Rs 660 crore. The company can enter the stock market by the end of August. The company will reportedly utilise the money mobilised from the public issue for business expansion and other expenses.

Kolkata: Purple Style IPO is a company that has investments from mega stars such as Shah Rukh Khan, Sachin Tendulkar and Madhuri Dixit. It is preparing to float a pubic issue to mobilise Rs 660 crore. The company can hit the primary market by the end of August. Purple Style Labs is the parent company of Pernia’s Pop-Up Shop and is active in the business of premium fashion.

Purple Style IPO files updated prospectus

Purple Style Labs has filed its updated draft red herring prospectus with market regulator SEBI. The company received approval for this IPO from SEBI in January this year. According to the draft of the company, new shares worth up to Rs 660 crore will be issued in the IPO. The entire amount will be raised by issuing fresh shares and........

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