Overview
- Pine Labs will raise Rs 3,900 crore via a Rs 2,080 crore fresh issue and an offer for sale of about 8.23 crore shares by existing investors.
- Anchor bidding is slated for November 6, with allotment likely on November 12 and listing on the BSE and NSE targeted for November 14.
- At the upper band, the implied valuation is about Rs 25,300–25,377 crore, according to the company’s price-band announcement.
- The issue reserves 75% for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
- Market observers report a grey-market price near Rs 281, implying a roughly 27% premium to the top of the band, as Pine Labs notes a small Q1 FY26 profit after prior losses.