Pernia’s Pop-Up Shop Parent IPO Subscribed 37% On Final Bidding Day

Pernia’s Pop-Up Shop parent Purple Style Labs’ IPO entered its final day of bidding with overall investor demand remaining muted. As of 12:18 IST today, the public issue had received bids for 25.1 Lakh shares against 68.5 Lakh shares on offer, translating to a subscription of 37%. The issue was subscribed 8% on the first day and ended the second day with a subscription of 24% .