IPO GMP Today Live Updates: Purple Style Labs IPO opens today; Augmont Enterprises shares to list: Check GMP, Key Details and Should You Subscribe?
Lumino Industries plans to use a major portion of its fresh issue proceeds to reduce debt, with around Rs 337 crore earmarked for the prepayment or repayment of certain borrowings.
The company also plans to spend about Rs 15.01 crore on capital expenditure, including equipment, machinery, civil works and interior development at an existing manufacturing facility. The remaining funds will be used for general corporate purposes.
According to an Anand Rathi research report, Priority Jewels Ltd. specialises in manufacturing lightweight, affordable diamond-studded gold and platinum jewellery. Its business is primarily focused on backend manufacturing for leading jewellery retailers, similar to Sky Gold. Long-standing relationships with key customers, including CaratLane, Kalyan Jewellers, Reliance Retail and Malabar Gold & Diamonds, provide a strong base for growth, while expansion into jewellery findings could further diversify its product portfolio.
Priority Jewels plans to use the IPO proceeds primarily to repay or pre-pay certain borrowings, with around Rs 75 crore earmarked for this purpose. The remaining funds will be used for general corporate purposes.
ESDS Software Solution Ltd. delivered a strong financial performance in FY26, with total income rising 28% year-on-year to Rs 480.65 crore from Rs 376.64 crore in FY25.
Profitability recorded an even sharper improvement, with profit after tax (PAT) more than doubling to Rs 120.82 crore, a 117% increase from Rs 55.61 crore a year earlier. The robust growth in income and profitability highlights a significant strengthening of the company’s financial performance in FY26.
According to a research report by SBI Securities, Purple Style Labs (PSL), which operates Pernia’s Pop-Up Shop, has established itself as a multi-brand luxury omnichannel fashion platform, with a strong focus on Indian wedding and occasion wear.
The brokerage highlighted several strengths, including PSL’s established position in luxury fashion, diversified designer portfolio, omnichannel presence and improving customer retention. However, its financial performance remains a key concern. The company recorded a modest 5.2% revenue CAGR between FY24 and FY26, while EBITDA declined and net losses widened during the period.
SBI Securities noted that PSL’s profit margins contracted in FY26, mainly due to a higher share of liquidation inventory and an increase in GST on apparel priced above Rs 2,500 per piece from 12% to 18%.
The brokerage said a sustained improvement in profitability would depend largely on the ability of PSL’s Experience Centers to mature and generate sufficient revenue to absorb the company’s higher fixed-cost base.
Purple Style Labs has delivered strong revenue growth over the past few years, with revenue rising more than 11-fold from Rs 45 crore in FY20 to Rs 508 crore in FY24. This translates into an approximately 83% compound annual growth rate over the period.
Pernia’s Pop-Up Shop currently offers more than 2 lakh products from over 1,300 designers through its digital platform and 14 Experience Centers. The platform recorded a gross merchandise value (GMV) of more than Rs 588 crore in FY25, while its average order value stood at Rs 56,106.
Purple Style Labs is the parent company of Pernia’s Pop-Up Shop, a multi-brand luxury fashion omnichannel platform. The company acquired Pernia’s Pop-Up Shop in February 2018, when the business was primarily focused on online sales.
Since the acquisition, Purple Style Labs has significantly expanded the brand’s offline footprint. According to its DRHP, the company operated 14 Experience Centers across India and London, with plans to open additional locations in Mumbai and New York.
The company recorded revenue of Rs 508 crore in FY24, reflecting the expansion of its luxury fashion business across online and offline channels.
Purple Style Labs plans to utilise the net IPO proceeds across multiple strategic initiatives, with the largest allocation of Rs 371.13 crore earmarked for its wholly owned subsidiary, PSL Retail. The funds will be used to meet expenses related to lease liabilities for Experience Centers and back-end offices across India.
The company has allocated another Rs 138.90 crore towards sales and marketing expenses. This spending is expected to support its expansion plans, customer acquisition efforts and brand-building initiatives.
The remaining proceeds will be utilised for general corporate purposes. Overall, the IPO is expected to generate net proceeds of Rs 510.03 crore for the company.
Augmont Enterprises delivered strong financial growth in FY26, with total income rising 42% to Rs 94,282.47 lakh from Rs 66,252.05 lakh in FY25. The increase reflects the company’s robust growth momentum and expansion in business operations during the financial year ended March 31, 2026.
Profitability also strengthened significantly during the year. Profit after tax (PAT) climbed 53% to Rs 348.30 lakh in FY26, compared with Rs 227.19 lakh in the previous financial year, indicating improved earnings performance alongside the growth in revenue.
The primary market is set for another busy week, with three mainboard and four SME IPOs scheduled to open, collectively seeking to raise more than ₹1,400 crore. This follows a strong previous week, when six mainboard and seven SME IPOs raised over ₹4,447 crore.
Among the mainboard issues opening this week, Purple Style Labs is the largest, aiming to raise around ₹680 crore, followed by Deepa Jewellers at ₹460 crore and Rays Belief at ₹125 crore. In the SME segment, Farm Peace, Phychem Technologies and two other companies are set to tap the market.
