Overview
- The book-built offer is priced at Rs 210–221 per share with a lot size of 67, the subscription window runs Nov 7–11, and the listing is targeted for Nov 14 on the NSE and BSE.
- Pine Labs allotted 7.93 crore shares to 71 anchor investors at Rs 221, raising about Rs 1,754 crore, with 47.26% of the anchor portion allocated to 12 domestic mutual funds.
- The Rs 3,899.91 crore issue comprises a Rs 2,080 crore fresh issue and an OFS of about Rs 1,819.9 crore by existing holders including Peak XV, PayPal, Mastercard, Temasek affiliates, and co-founder Lokvir Kapoor.
- The RHP highlights Rs 180.08 crore in employee share-based payment costs across FY25 and Q1 FY26, driven by cash‑settled award settlements and ESOP modifications, and notes 2.75 crore shares allotted on Oct 9 from recent option exercises.
- Allocation is split 75% to QIBs, 15% to NIIs, and 10% to retail; the latest grey market premium was about Rs 12 on Nov 7, an unofficial indicator of a modest expected listing gain.