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Purple Style Labs (PSL), the parent company of luxury fashion platform Pernia’s Pop-Up Shop (PPUS), has filed draft papers with SEBI to raise Rs 660 crore through an initial public offering (IPO).
According to the draft red herring prospectus (DRHP), the issue will be entirely a fresh issue of equity shares, with a proposed listing on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). The company may also consider a pre-IPO placement of up to Rs 130 crore, in which case the fresh issue size would be reduced accordingly.
Axis…
