The Economic Times

Purple Style Labs IPO Day 2: GMP, subscription status, key details Should you subscribe?

Purple Style Labs IPO enters its second bidding day with subdued demand and a GMP of around 1%, down from 5%. The Rs 680-crore issue has seen limited subscription, while ongoing losses and high valuation concerns weigh on sentiment despite strong revenue growth, celebrity backing and expansion of Pernias Pop-Up Shop.