Purple Style Labs, Deepa Jewellers line up IPOs totalling nearly ₹1,140 crore
Fashion retailer Purple Style Labs plans a ₹680 crore fresh-share IPO, while Deepa Jewellers is targeting a ₹459.72 crore issue comprising ₹250 crore of fresh shares and a ₹209.72 crore offer for sale. Both are among seven issues scheduled to open next week.
What happened
Fashion retailer Purple Style Labs and jewellery retailer Deepa Jewellers are among seven Indian IPOs opening next week. Purple Style Labs seeks ₹680 crore,
Key facts
- Purple Style Labs IPO: ₹680 crore fresh issue; price band ₹546-₹575 per share
- Deepa Jewellers IPO: ₹459.72 crore, including ₹250 crore fresh issue and ₹209.72 crore OFS; price band ₹168-₹177 per share
- Three mainboard IPOs together target over ₹1,265 crore
Why this matters
The IPO pipeline could create better-capitalised competitors in fashion and jewellery, increasing the strategic value of differentiated formats, regional density, and potential partnership or acquisition targets.