Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Pernia's Pop-up Studio IPO
Price Band
₹546.0–575.0
Issue Size
₹680.0 Cr
Lot Size
26 shares
Min Investment
₹14,950
GMP
₹-10.0 (-1.74%)
Issue Price
₹575.0
Pernia's Pop-up Studio IPO AI Summary
- Pernia's Pop-up Studio IPO is listed on BSE, NSE in the Garments & Apparels sector.
- Price band: ₹546.0–₹575.0 per share, lot size 26 shares (min. investment ₹14,950).
- Subscription window: 31 Aug–02 Sep 2026, listing on 07 Sep 2026.
- Current GMP is ₹-10.0 (-1.74%), an estimated listing price of ₹565 — unofficial and can change daily.
Pernia's Pop-up Studio is a luxury fashion platform with a strong international presence. The company has shown fluctuations in revenue and increasing losses over the past three fiscal years. The IPO is open for subscription from 31st August to 2nd September 2026, with a total issue size of ₹680 Cr.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Pernia's Pop-up Studio IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
1.36x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.50x
|
1.50x |
| NII (HNI) |
0.89x
|
0.89x |
| ↳ bNII (>₹10L) |
1.06x
|
1.06x |
| ↳ sNII (<₹10L) |
0.55x
|
0.55x |
| Retail (RII) |
1.66x
|
1.66x |
| Total | 1.36x | 1.36x |
Auto-updated every 5 min · As of 2nd Sep 2026 18:56
Pernia's Pop-up Studio IPO Grey Market Premium (GMP) Today
GMP
₹-10.0
GMP %
-1.74%
Est. Listing
₹565.0
Updated: 07 Sep 2026 08:15
GMP Trend (Last 12 Days)
About the Company
Incorporated in 2015, Purple Style Labs Ltd. operates Pernia’s Pop-Up Shop (“PPUS”), a multi-brand luxury omni-channel fashion platform. The platform allows customers to shop through its website, mobile application (Android and iOS), and Experience Centers. As of March 31, 2025, PPUS offered 211,727 SKUs from 1,312 active designer brands, covering categories such as womenswear, menswear, jewelry, accessories, and kidswear. The platform is associated with well-known designer brands including Seema Gujral, Anushree Reddy, Amit Aggarwal, and Rohit Gandhi & Rahul Khanna. Between Fiscal 2023 and Fiscal 2025, PPUS served over 200,000 unique customers across 140 countries. In Fiscal 2025 alone, it recorded 18.57 million unique visitors, 70,651 customers, and 104,856 orders, with a customer base spread across more than 100 countries. The company has established a strong international presence with a flagship Experience Center in London, UK, and plans to open a new Experience Center in New York, USA. Key international markets include the United States, United Kingdom, the Middle East, and Canada. Abhishek Agarwal is the company promoter.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 829.60 | 497.05 | 458.39 |
| Total Income | 567.07 | 494.00 | 510.03 |
| Profit After Tax | -285.40 | -188.38 | -47.71 |
| EBITDA | 30.37 | 41.99 | 31.63 |
| NET Worth | -52.28 | 117.50 | 39.51 |
| Reserves and Surplus | -116.40 | 118.01 | 39.34 |
| Total Borrowing | 371.40 | 112.79 | 116.33 |
Key Ratios
EPS
₹-41.83
NAV
₹18.27
ROE
-160.33%
ROCE
-4.75%
RoNW
-160.33%
P/B Value
31.47
P/E Ratio
-13.75
Market Cap
₹4639.63 Cr
PAT Margin
-38.45%
Promoters
Abhishek Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in wholly owned Subsidiary, PSL Retail for expenditure towards lease liabilities of Experience Centers, and back-end offices in India 371.13 2 Funding towards sales and marketing expenses to be incurred by the Company 138.90 3 General Corporate Purposes 103.13 4 Issue Expenses 66.84 Total 680.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹510.03 Cr in the period ending 31 Mar 2024, which decreased to ₹494.00 Cr by 31 Mar 2025, before rising to ₹567.07 Cr by 31 Mar 2026. This shows a recovery in revenue after a dip in the previous fiscal year.
Profit Trend
The profit after tax was ₹-47.71 Cr in the period ending 31 Mar 2024, which worsened to ₹-188.38 Cr by 31 Mar 2025, and further declined to ₹-285.40 Cr by 31 Mar 2026. This indicates a continuous increase in losses over the three periods.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the expected listing price of an IPO based on unofficial trading in the shares before they are listed on the stock exchange. A positive GMP indicates demand for the shares, while a negative GMP suggests lower demand.
Subscription Demand
As of 2nd September 2026, the IPO was subscribed 1.36 times overall. The QIB category saw a subscription of 1.5 times, while the retail category was subscribed 1.66 times. However, the NII category was under-subscribed at 0.89 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health. It's important to consider the company's current losses and its strategy for future profitability.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid this IPO, especially given its current financial losses and negative profit margins.
IPO Timeline, Explained
The IPO opens on 31st August 2026 and closes on 2nd September 2026. The allotment date is set for 3rd September 2026, with the listing date on 7th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Pernia's Pop-up Studio's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Pernia's Pop-up Studio IPO GMP today?
Pernia's Pop-up Studio IPO GMP today is ₹-10.0 (-1.74%), indicating an estimated listing price of ₹565. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Pernia's Pop-up Studio IPO?
The price band of Pernia's Pop-up Studio IPO is ₹546.0–₹575.0 per share.
When does Pernia's Pop-up Studio IPO open and close?
Pernia's Pop-up Studio IPO opens on 31 August 2026 and closes on 02 September 2026.
When does Pernia's Pop-up Studio IPO list on the stock exchange?
Pernia's Pop-up Studio IPO listed on 07 September 2026 at ₹565.0.
What is the lot size for Pernia's Pop-up Studio IPO?
The lot size for Pernia's Pop-up Studio IPO is 26 shares, requiring a minimum investment of ₹14,950.
What is the price band for the IPO?
The price band for the IPO is ₹546.0 to ₹575.0.
What is the minimum investment required?
The minimum investment required is ₹14,950.
What is the lot size for this IPO?
The lot size for this IPO is 26 shares.
When is the listing date for the IPO?
The listing date for the IPO is 7th September 2026.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Aug 2026
Close
02 Sep 2026
Allotment
03 Sep 2026
Listing
07 Sep 2026
Similar IPOs in Garments & Apparels
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for Pernia's Pop-up Studio?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.