Pernia’s Pop Up Shop Parent IPO: Issue Subscribed 20% On Day 2 So Far

Pernia’s Pop Up Shop parent Purple Style Labs’ initial public offering (IPO) continued to see steady investor interest on the second day of bidding. As of 13:18 IST, investors have cumulatively placed bids for 13.78 Lakh shares against 68.49 Lakh shares on offer, translating to a 20% subscription. The highest number of bids have come from retail investors till now, who have placed bids for 10.22 Lakh shares against the 12.45 Lakh shares earmarked for them.