Overview
- Pine Labs allotted 7.93 crore shares to 71 anchor investors at Rs 221 each, raising about Rs 1,753.8 crore at the top of the price band.
- The public issue opens November 7 and closes November 11, with allotment expected November 12 and a tentative BSE/NSE listing on November 14.
- The IPO totals about Rs 3,899.91 crore, comprising a Rs 2,080 crore fresh issue and an OFS worth roughly Rs 1,819.91 crore, priced in a Rs 210–221 band with a 67‑share lot for retail.
- The grey‑market premium was about Rs 12 late on November 6 after earlier readings as high as Rs 60 on November 1, a speculative indicator tracked by InvestorGain.
- Proceeds are earmarked for debt repayment, overseas investments and technology upgrades, as the company reported FY25 revenue up 28% and a narrower loss versus FY24.