Overview
- Pine Labs is seeking Rs 3,899.91 crore at a price band of Rs 210–221 per share, with subscriptions open Nov. 7–11 and listing slated for Nov. 14 on BSE and NSE.
- The company raised about Rs 1,754 crore from 71 anchor investors at Rs 221, allocating 7.93 crore shares, with 47.26% of the anchor book going to 12 domestic mutual funds via 30 schemes.
- Day-one subscription reached 13% based on NSE data, including 54% in the retail portion, 7% among non-institutional investors, and 2% from qualified institutional buyers.
- The fresh issue proceeds are earmarked for repaying or prepaying borrowings, investing in IT assets and cloud infrastructure, funding technology development and digital checkout points, and expanding subsidiaries in Singapore, Malaysia and the UAE.
- RHP disclosures show a sharp rise in employee share-based expenses, totaling Rs 180.08 crore across FY25 and the subsequent three months, with Rs 66.04 crore in Q1 FY26 and a 2.75 crore-share ESOP exercise allotted on Oct. 9, 2025.