Exclusive: Pernia’s Pop Up Shop Raises ₹162 Cr Debt Following SEBI IPO Nod

Purple Style Labs (PSL), the parent of luxury house of brands Pernia’s Pop Up Shop, has raised around ₹162.5 Cr (about $17 Mn) across multiple tranches this year after receiving SEBI’s approval to proceed with its IPO. As per MCA filings accessed by Inc42, the company raised the capital across 14 tranches between January and June by issuing a combined 64,588 NCDs at a face value of ₹25,000 apiece. The debt was raised from institutional investors, including California-based Kairos Ventures, which