Pine Labs raises ₹1,753 crore from anchor investors
pre-market1 source ↓written by the desknot a recommendation
- from over 70
- ₹1,753 crore
- IPO opening today
- ₹3,899 crore
- priced
- 7.9 crore shares
- each
- ₹221
Pine Labs has raised ₹1,753 crore from over 70 anchor investors ahead of its ₹3,899 crore IPO opening today, 7 Nov 2023. The allocation includes 7.9 crore shares priced at ₹221 each, primarily to domestic mutual funds. This strong backing may enhance market confidence in the IPO.
Key Points:
• 3.7 crore shares (47%) allocated to 12 domestic mutual funds.
• Prominent investors include SBI MF, Nomura, and HSBC.
This substantial investment could positively influence trading sentiment for Pine Labs' upcoming IPO.
Not investment advice. For informational purposes only.