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BUSINESS
IPOs This Week: Purple Style Labs, Deepa Jewellers, Rays of Belief To Hit Primary Market
Three mainboard IPOs—Purple Style Labs, Deepa Jewellers, and Rays of Belief—are opening next week, aiming to raise up to Rs 1265 crore through fresh equity offerings.
GlobeSignal-AImedium certainty
- Why it matters
- Investors seeking exposure to these three specific businesses—Purple Style Labs, Deepa Jewellers, and Rays of Belief—will have the opportunity to buy shares at the IPO price rather than waiting for secondary market listing.
- Most affected
- Investors in India's primary market — Can subscribe to shares in three new public offerings this week.
- Likely next
- Whether each IPO receives sufficient subscription to close at its target raise amount.