Overview
- Exchange data show bids for about 5.31 crore shares against 9.79 crore on offer, or roughly 0.54 times, on the final subscription day.
- By category, retail was subscribed 0.97 times, QIBs 0.64 times, NIIs 0.14 times, and the employee quota 5.35 times as of the latest updates.
- Pine Labs earlier raised Rs 1,754 crore from 71 anchor investors, including Franklin Templeton, Nomura and Morgan Stanley, under disclosed lock-in terms.
- The offer totals Rs 3,899.91 crore with a price band of Rs 210–221, comprising a Rs 2,080 crore fresh issue and a Rs 1,819.91 crore offer for sale, valuing the company at about Rs 25,300 crore at the top end.
- Allotment is slated for Nov. 12, refunds and share credits for Nov. 13, and a tentative listing on the BSE and NSE on Nov. 14.