Pine Labs End First Trading Session 14% Above Issue Price

Pine Labs’ shares made a strong market debut on the bourses, listing 9.5% above the issue price at INR 242 apiece on the BSE as well as the NSE

The company’s shares closed the first trading session at INR 251.30 apiece on the BSE, up 13.7% from the issue price of INR 221

Investors including Peak XV Partners, Actis, Temasek, Madison India, Sofina Ventures, and Altimeter offloaded their stake via the OFS

Update | November 12, 17:03 IST

Shares of Pine Labs rose following their listing and touched an intraday high of…