Pernia’s Pop-Up Parent IPO: Issue Subscribed 8% On Day 1 Till Now

Pernia’s Pop Up Shop parent Purple Style Labs’ initial public offering (IPO) got off to a subdued investor on the first day of bidding. As of 14:48 IST, investors have cumulatively placed bids for 5.59 Lakh shares against 68.50 Lakh shares on offer, translating to a 8% subscription, as of 13:03 IST. The highest number of bids have come from retail investors till now, who have placed bids for 4.85 Lakh shares against the 12.45 Lakh shares earmarked for them.