This name is a synonym of Lipocarpha nana (A.Rich.) Cherm..
The record derives from WCSP
(data supplied on 2012-03-23)
which reports it as a synonym (record 453235) with original publication details: Mitt. Bot. Staatssamml. München 1: 164 1952.
This name record (from WCSP) was not included in version 1 of The Plant List. It is possible the same name was included from a different data source, to check this you can search for Lipocarpha pulcherrima in version 1 of The Plant List.