India, Sept. 22 -- IPO-bound Pernia's Pop-Up Shop parent Purple Style Labs plunged deeper into loss in the run up to filing its draft red herring prospectus with the markets regulator SEBI.

The company's draft IPO papers reveal that its loss surged by more than 295% in the fiscal year FY25 to INR 188.6 Cr from INR 47.7 Cr loss incurred in the prior fiscal.

Meanwhile, the premium house of brands company also saw its top line shrink in FY25 by 3% to INR 490 Cr from INR 504.4 Cr operating revenue reported in FY24. In this, its sales of goods declined slightly (about 1% YoY) to INR 483.4 Cr. The sale of services had a more pronounced decline of 59% to INR 6.5 Cr from INR 15.5 Cr in FY24.

Including an other income of INR 4.1 Cr, Purple Styl...