Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Purple Style Labs IPO
The Parijat Industries (India) IPO is a book-built issue comprising a fresh issue of up to ₹160 crore and an offer for sale of up to 12,374,250 equity shares with a face value of ₹5 per share. The company filed its DRHP with SEBI on Sep 25, 2025.
The price band and other official dates of listing and subscription of the IPO will be announced by the company later. The equity shares are proposed to be listed on the BSE and the NSE. The Book Running Lead Manager for the issue has been appointed by the company, including ICICI Securities Ltd., Axis Capital Ltd. and JM Financial Ltd., while the registrar to the issue is Link Intime India Private Ltd.
Company Background
Parijat Industries (India) Ltd. was established on May 17, 1995, as Triumph Pesticides (Bombay) Private Ltd. under the Companies Act of 1956. The company underwent a major shift in 2003 when it acquired Triumph Pesticides (Haryana) Private Ltd. to start the production of export formulations for the European Union, Africa and North America.
In 2006, the company changed its name to Parijat Industries (India) Private Ltd. On July 8, 2025, the company changed its status from a private to a public Ltd. company with the same name, Parijat Industries (India) Ltd. The company has established itself in the global agrochemical industry.
Operations & Product Range
The main business operations of Parijat Industries (India) Ltd. include the manufacturing and subsequent sale of a variety of crop protection products. These products include insecticides, fungicides, herbicides and plant growth regulators. The company operates in the domestic retail market as well as the international business-to-business market.
Parijat Industries (India) Ltd. operates in the agricultural value chain by offering solutions for a variety of crops. The company's product line is formulated to meet the specific agricultural needs of a particular region, targeting small-scale farmers in India and large-scale agricultural operations in international territories.
Facilities & Capacity
Parijat Industries (India) Ltd. has manufacturing units in India, with its past operations set up in the state of Haryana. The company has an international presence through its subsidiaries in Tanzania, Mali and Togo, which helps it in catering to its export-oriented business model. The company has the ability to manufacture domestically as well as import formulations.
Brands & Market Presence
Parijat Industries (India) Ltd. has developed a range of branded products for the Indian market, with URUMI, VELEKTIN and XYFEN ULTRA being emphasized as the major brands as of March 31, 2025. The company caters to local farmers as well as the international market, with export activities covering Europe, Africa, and North America.
The business model of the company utilizes its knowledge of regulations, as it was one of the first Indian companies to register several crop protection molecules, which helped the company gain first-mover advantages in certain product segments. The company also has an online digital platform to improve the efficiency of marketing and distribution for its channel partners in India.
Revenue Streams & Business Model
Parijat Industries (India) Ltd. derives the bulk of its income from the sale of technicals and crop protection formulations. For the financial year ending March 31, 2025, the company’s revenue from operations reached ₹1,045.34 Cr, marking a steady climb from the ₹949.77 Cr reported in the previous year.
- • Domestic branded sales to Indian farmers through distribution networks
- • Export sales to international markets
The company also earns ancillary income through corporate guarantees provided to subsidiaries and technical know-how services related to product stabilization.
Management & Shareholding
The Parijat Industries (India) Ltd. has a promoter group; Keshav Anand is the managing director and has been with the company since December 2003. His two sons, Uday Raj Anand and Shivraj Anand are full-time directors, managing domestic and international operations, respectively. After the IPO, the promoter group's total shareholding will be reduced proportionately depending on the size of the fresh issue and the offer for sale.
Board & Key Management
The board & key management of Parijat Industries (India) Ltd. are represented by Keshav Anand (Managing Director), along with the full-time directors Uday Raj Anand (CEO – Domestic Business), Shivraj Anand (CEO – International Business), and Raj Deep Bhatia (Director – Manufacturing). The board is further strengthened by the addition of independent directors Dr. Karuna Vishunavat and Siddapur Nagaraja Sharma Sreenivas, who bring an outside perspective to the governance of the company. The company’s corporate office is located at the Okhla Industrial Estate, New Delhi.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Purple Style Labs IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Purple Style Labs IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | 100% Book Built Issue |
| Total Issue Size | Up to ₹660.00 Crore (₹6,600.00 million) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to ₹660.00 Crore (₹6,600.00 million) |
| Offer for Sale | Initial Public Offering (IPO) |
| Net Offered to Public | - |
| Issue Type | Initial Public Offering (IPO) |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 6,82,35,000 Equity Shares |
| Share Holding Post Issue | - |
Purple Style Labs IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Purple Style Labs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Purple Style Labs IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 27.10% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Largest luxury multi-brand platform in India, with an enormous network of more than 1,300 designer brands.
- • An established omni-channel business model that has successfully combined a highly trafficked e-commerce platform with luxurious experience centers.
- • Specialized supply chain and logistics infrastructure designed specifically for the processing and distribution of luxury products.
Purple Style Labs IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 498.25 | 494.00 | -188.55 | 118.70 | 118.66 | 112.79 | ||||||||||||||||||||||||||||||||||
| FY 2024 | 459.75 | 510.03 | -47.71 | 40.88 | 40.85 | 116.33 | ||||||||||||||||||||||||||||||||||
| FY 2023 | 329.75 | 371.38 | -41.39 | 59.28 | 59.26 | 46.73 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -158.85% |
| ROCE | -4.79% |
| Debt/Equity | 0.95x |
| RoNW | -158.85% |
| PAT Margin | -38.49% |
| EBITDA Margin | 8.57% |
| Price to Book Value | [.] |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -18.12 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company will use proceeds from the Parijat Industries (India) IPO for strategic objectives:
- • General corporate purposes
- • Repayment of debt (in part or in full)
The offer for sale component of 20,370,680 equity shares enables existing shareholders, including promoters and India Agri Business Fund II Limited, to partially divest their holdings, with no proceeds from this portion accruing to the company.
Conclusion
The Parijat Industries (India) IPO presents an opportunity to participate in a specialized agrochemical player with nearly 3 decades (30 years) of operational history. The company has manufacturing capabilities in India and a distribution presence across Africa; the business operates at the intersection of India's growing agricultural needs and global crop protection demand.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 22-09-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
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Frequently Asked Questions (FAQs)
-
What is the issue size of the Purple Style Labs IPO?
The Purple Style Labs Ltd IPO is a fresh issue of up to ₹660 crores.
-
When was Purple Style Labs Ltd. incorporated?
The company was established on August 6, 2015, in Mumbai, Maharashtra, as a private limited company under the Companies Act, 2013.
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What is the revenue of Purple Style Labs Ltd.?
For the fiscal year ended March 31, 2025, it posted total operating income of ₹ 489.91 crore. This amount includes ₹483.39 Cr for the sale of goods and ₹6.52 Cr for the services.
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Who are the key management personnel of Purple Style Labs Ltd.?
The key management team comprises Abhishek Agarwal (Whole-time Director & CEO), Abhinav Agarwal (Whole-time Director & CBO), and Gulshan Mumtaz Khan (CFO).
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Where is Purple Style Labs Ltd. headquartered?
The company has its registered and corporate office at CTS No. 1081, Plot No. 110, TPS Village, Service Road, Western Express Highway, Vile Parle East, Mumbai 400 057, Maharashtra, India.
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What will be the face value of shares in the Purple Style Labs IPO?
The face value of each equity share is ₹10.
