Purple Style Labs Unlisted Shares
Purple Style Labs Ltd.
IN90I1B01015
Listing Status: DRHP Not Filed
About Purple Style Labs Unlisted Shares
Overview of Purple Style Labs Unlisted Shares
Purple Style Labs (PSL) is a luxury fashion house and e-commerce omnichannel fashion platform that aims to bridge the gap between designers and consumers in the Indian fashion industry.
It focuses on curating and promoting high-end designer wear and accessories, offering a unique shopping experience for fashion enthusiasts.
Its mission is to make luxury fashion accessible while promoting sustainable and ethical practices within the industry. It strives to be the go-to destination for high-end fashion in India.
It was founded in 2015 and is headquartered in Mumbai.
Business Segments
Designer Collaboration:
- Curated Collections: PSL collaborates with renowned Indian designers to offer exclusive collections. Designers include names like Manish Malhotra, Tarun Tahiliani, and Sabyasachi.
- Boutique and Online Presence: Provides a platform for designers to showcase their collections in boutiques and online stores, increasing their reach and accessibility.
Luxury Fashion Retail:
- Exclusive Boutiques: Operates luxury boutiques that offer a curated selection of designer wear, accessories, and jewellery.
- Online Platform: An e-commerce site that features a wide range of luxury fashion products, making high-end designer wear accessible to a broader audience.
Personalized Shopping Experience:
- Styling Services: Offers personalized styling services to customers, helping them choose outfits that suit their preferences and occasions.
- Customization: Provides options for custom-made designer outfits, ensuring a perfect fit and unique style.
Fashion Events and Trunk Shows:
- Exclusive Events: Hosts fashion shows, trunk shows, and other exclusive events to showcase new collections and engage with customers.
- Designer Interactions: Organizes meet-and-greet events with designers, allowing customers to interact with and gain insights from top fashion experts.
Sustainability and Ethical Fashion:
- Eco-friendly Practices: Promotes sustainable and ethical fashion practices by collaborating with designers who use eco-friendly materials and processes.
- Conscious Collections: Curates collections that focus on sustainability, ensuring that luxury fashion is also environmentally conscious.
Product Portfolio
- Women's Wear: Sarees, Lehengas, Anarkalis etc.
- Men's Wear: Sherwanis, Suits and Blazers etc.
- Accessories: Jewellery, Footwear, Bags, Scarves and Stoles.
- Kid's Wear: Traditional Wear, Western Wear
- Home Decor: Arts and Sculptures
Acquisitions
PSL's strategy includes incubating young designer brands and providing them with sales and marketing strategies
PSL acquired Pernia’s Pop-Up Shop in 2018, significantly boosting its growth and expanding its reach.
This acquisition has enabled PSL to scale its operations, opening multiple experience centres across India and internationally, including a store in London
In December 2020, PSL acquired the fashion label, Wendell Rodricks, aiming to scale it significantly.
Additionally, PSL has invested in the House of Masaba, one of the highest-selling brands on its platform.
Management
Abhishek Agarwal, Founder and CEO
- Holds a dual BTech and MTech Degree in Aerospace Engineering from IIT Bombay.
- Strong experience in Finance working at Deutsche Bank.
Abhinav Agarwal, CBO
- Holds a BTech Degree in Civil Engineering from IIT Bombay.
- He is also the founder of a personal assistant mobile app 'DudeGenie' which was later acquired by Yatra.com.
Insights of Purple Style Labs Unlisted Shares
Financial Snapshot
All Values in INR - Crs.
Particulars |
FY 23 |
FY 22 |
FY 21 |
Revenue |
372 |
174.6 |
44 |
EBITDA |
-36 |
-46 |
-25.4 |
PAT |
-38 |
-52 |
-32 |
PAT Margin |
-10% |
-30% |
-73% |
Key takeaways:
- The company has witnessed an exponential y.o.y growth in revenue of 296% and 113% in FY 22 and 23 respectively.
- It now wishes to change gears to move towards profitability over hyper-growth.
- They wish to grow at 50-70% year-on-year for the next two years, focus on building profitability and hit breakeven.
- The PAT Margins have also increased considerably.
- Assuming the operating costs will continue to grow but at a slower rate due to economies of scale and improved efficiency, the company is likely to achieve breakeven by 2025.
Industry Overview
- Market Growth and Projections: The Indian fashion retail market was valued at USD 58.16 billion in 2023 and is projected to grow at a CAGR of 12.65%, reaching USD 125.31 billion by 2030. This growth is driven by increasing disposable incomes, rapid urbanization, and a burgeoning middle class.
- Competitive Advantage: Indian fashion retailers enjoy a 17-18% higher EBITDA margin than global peers, making India a critical hub for fashion retailers.
- Luxury Brand Expansion: Major luxury brands such as Gucci, Cartier, and Louis Vuitton have recently opened outlets in Mumbai's Jio World Plaza Mall, reflecting the robust demand and market potential for high-end fashion in India.
- Diversification into New Segments: Luxury brands are actively expanding beyond fashion into other segments such as jewellery, tapping into the diverse preferences of Indian consumers.
Funding
Date |
Funding round |
Investors |
Amount |
Till May 2022 |
Initial Rounds |
Binny Bansal | Raj Soin | Navroz Udwadia | Rahul Kayan | Jitendra Gupta | Astarc Ventures |
Rs. 66.4 crores |
June 2022 |
Series B |
Akash Bhansali | Madhuri Dixit Nene | Navroz Udwadia | Yuj Ventures/Sid Yog |
Rs. 83 crores |
September 2022 |
Subsequent Round |
Klub |
Rs. 10 crores |
April 2023 |
Series C |
ValueQuest SCALE Fund | Singularity Growth Opportunities Fund I | ValPro | Masaba Gupta |
Rs. 116.2 crores |
November 2023 |
Series D |
Sanket Parekh- Pidilite Family Office |
Rs. 66.4 crores |
Recent News- IPO Plans
The company is planning an initial public offering (IPO) in 2026 as revealed by the Founder, Abhishek Agarwal in November 2023.
It is focusing now on expanding its omnichannel presence and at present has 15 Pernia’s Pop-Up Studio experience centres around the world which cater both to women and men.
Its stores span cities like Mumbai, Delhi, Bengaluru, Hyderabad, Kolkata, Ahmedabad, Surat and Mayfair, London.
In the coming years, it will expand to New York, San Francisco, Los Angeles, Dubai, and Singapore and domestically to Chennai, and tier-II cities like Chandigarh, Indore, Lucknow and Jaipur.
Financial Charts of Purple Style Labs Unlisted Shares
Balance Sheet of Purple Style Labs Unlisted Shares
Profit and Loss of Purple Style Labs Unlisted Shares
Ancillary of Purple Style Labs Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Purple Style Labs Unlisted Shares
-
How to buy Purple Style Labs Ltd.?
Below are three ways through which you can purchase Purple Style Labs Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Purple Style Labs Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell Purple Style Labs Ltd.?
Below are three ways through which you can sell Purple Style Labs Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Purple Style Labs Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of Purple Style Labs Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Purple Style Labs Ltd. is ₹ and your sell price for Purple Style Labs Ltd. is ₹. The price is based on our estimates and market conditions.
-
What is the lock-in period of Purple Style Labs Ltd.?
The lock-in period for Purple Style Labs Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Purple Style Labs Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Purple Style Labs Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the Purple Style Labs Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Purple Style Labs Ltd.. The price is also determined from the most recent funding round for Purple Style Labs Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of Purple Style Labs Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Purple Style Labs Ltd. with us kindly click here.
-
What are the financials of Purple Style Labs Ltd.?
The financials of Purple Style Labs Ltd. which includes the P/L of Purple Style Labs Ltd. and the Balance Sheet of Purple Style Labs Ltd. is in the financials section (Click on link).
-
Where can I find the annual report of Purple Style Labs Ltd.?
The annual report of Purple Style Labs Ltd. is available in the annual report section (Click on link).
-
Is buying Purple Style Labs Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on Purple Style Labs Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on Purple Style Labs Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on Purple Style Labs Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Purple Style Labs Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Purple Style Labs Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of Purple Style Labs Unlisted Shares
Featured Blogs of Purple Style Labs Unlisted Shares
Annual Report of Purple Style Labs Unlisted Shares
Company Information of Purple Style Labs Unlisted Shares
Featured Companies
Stay Connected.
Registered Address
73A, GC Avenue, Kolkata -13Corporate Address
Y-19, 90 DEGREES Magnus, EP Block,Sec V, Kolkata 700091Chennai Office
19/10, Guru Vappa Chetty Street, Chintadripet, Chennai - 600002
Dubai Office
2701, Executive Tower G, Business Bay, Dubai, UAE
Andhra Pradesh & Telangana Office
54-19-25/1, Flat no.101, Sai Residency, Nelson Mandela Park Road, LIC Colony, Vijayawada (Urban), Andhra Pradesh - 520008Altius Investech