Fri Nov 07 04:00:00 UTC 2025: FOR IMMEDIATE RELEASE

Pine Labs Launches ₹3,900 Crore IPO, Sees Early Grey Market Premium

Mumbai, India – November 8, 2024 – Leading merchant commerce platform Pine Labs has launched its Initial Public Offering (IPO) today, seeking to raise ₹3,900 crore. The IPO includes a fresh issue of ₹2,080 crore and an Offer for Sale (OFS) of ₹1,820 crore.

The price band for the IPO has been set at ₹210 to ₹221 per share. Subscription opened on Friday, November 8th, and will close on November 11th. Early indications suggest positive investor sentiment, with the stock experiencing a grey market premium of approximately 5% ahead of its official listing.

Pine Labs is anticipated to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 14th. This IPO is a significant step for Pine Labs as it aims to further expand its reach and innovation in the rapidly evolving merchant commerce landscape.

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