India, Sept. 11 -- Amid the ongoing startup IPO boom in India, premium house of brands Purple Style Labs (PSL) is preparing to launch its public listing bid soon.

As per the startup's filings with the MCA, its board approved the proposal to undertake an IPO comprising a fresh issue of equity shares aggregating up to INR 750 Cr on August 28. Besides, the startup may also look to raise up to INR 140 Cr in its pre-IPO placement round.

Inc42 has reached out to the startup to get more clarity on its listing plans. The story will be updated based on the responses. Entrackr was the first to report this development.

While there has been no clarity shared by the startup on its IPO's timeline, a report noted that the fashion brand would be eyein...