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Pernia’s parent Purple Style Labs plans ₹680 crore IPO to fund expansion

Purple Style Labs, parent of Pernia's Pop-Up Shop, will launch a ₹680 crore fresh-issue IPO on August 31. Proceeds will fund Indian experience-centre and office lease liabilities, marketing, and corporate purposes as the luxury fashion retailer expands its omnichannel footprint.

Reported figures

From the report. Source details below

  • ₹371.13 crore for PSL Retail lease liabilities
  • ₹138.90 crore for sales and marketing

Other figures

  • September 2 close
  • 27.10% promoter stake
  • 14 experience centres
  • over 2 lakh products

The source

Source Read the source at Outlook Business

Published

Also reported by The Hindu BusinessLine

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Note Information, not investment advice. RetailIntel is not registered with SEBI.