Purple Style Labs, backed by SRK, sees 7% drop in market debut
Purple Style Labs, the company behind Pernia's Pop-Up Shop, had a disappointing start on the stock market on September 7. Shares opened at a discount of nearly 7% following an IPO that was subscribed just over one time during its three-day window. The stock began trading at ₹535 on the NSE, which is 6.96% lower than the issue price of ₹575. The valuation of the Shah Rukh Khan-supported company reached ₹4,315 crore.
by shortkt.com✓