Purple Style Labs share price made a weak debut on the bourses today, Monday, 7 September. On NSE, Purple Style Labs share price opened at ₹535 per share, 6.96% lower than the issue price of ₹575. On BSE, the stock opened at ₹539 apiece, down 6.26% than the issue price.

The initial public offering (IPO) of Purple Style Labs Ltd, the parent company of Pernia’s Pop-Up Shop, was subscribed 1.29 times on the final day of bidding on Wednesday, according to data from the NSE.

The issue received bids for 88,66,572 shares against the 68,49,816 shares on offer. The retail investor portion was subscribed 1.58 times, while the quota reserved for qualified institutional buyers (QIBs) was subscribed 1.43 times. The non-institutional…