The market regulator issued the observations letters to both the companies today, as per the latest update on SEBI website
In SEBI’s parlance, issuance of an observation letter is the go-ahead for IPO
While Purple Style Labs filed its DRHP with SEBI for INR 660 Cr IPO in September, Infra.Market pre-filed its IPO papers in October
Building materials platform Infra.Market and luxury fashion house Pernia’s Pop Up Shop’s parent Purple Style Labs have received the nod…

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