Overview
- The price band is set at Rs 210–221 per share for a book-built issue comprising a Rs 2,080 crore fresh issue and a Rs 1,819.91 crore offer for sale.
- Unofficial GMP eased from Rs 60 on Nov. 1 to Rs 17 at 8:30 a.m. on Nov. 6 and to Rs 12 by late afternoon the same day, per InvestorGain data cited by the reports.
- Subscriptions run Nov. 7–11 with allotment slated for Nov. 12, refunds and demat credits on Nov. 13, and a tentative BSE/NSE listing on Nov. 14.
- Proceeds are earmarked for debt repayment, investments in subsidiaries in Singapore, Malaysia and the UAE, IT and cloud upgrades, and general corporate purposes including potential acquisitions.
- Pine Labs reported FY25 total income of Rs 2,327.09 crore and a narrowed loss after tax of Rs 145.49 crore, reflecting a 28% revenue rise and improved profitability versus FY24.