FintechPre-market
Pine Labs raises ₹1,754 cr from anchor investors ahead of IPO
pre-market1 source ↓written by the desknot a recommendation
- from anchor investors
- ₹1,754 crore
- fintech firm allotted
- 7.93 crore equity shares
- ₹221 per share
- price band
- ₹211–221
- book attracted
- 70 institutional investors
Pine Labs has raised ₹1,754 crore from anchor investors ahead of its IPO, which opens for subscription today. The fintech firm allotted 7.93 crore equity shares at ₹221 per share, the upper end of its price band of ₹211–221. The anchor book attracted over 70 institutional investors, showcasing strong demand.
Not investment advice. For informational purposes only.