IPO-Bound Pine Labs Nets INR 1,754 Cr From Anchor Investors

The company allotted 7.93 Cr equity shares to 71 anchor investors, including SBI, Nomura India, HSBC, ICICI Prudential, among others

Of the 7.93 Cr shares, 3.75 Cr shares (or 47.26% of the total allocation) were allocated to 12 domestic mutual funds through a total of 30 schemes

Pine Labs’ IPO will comprise a fresh issue of up to INR 2,080 Cr and an OFS component of up to 8.23 Cr shares

Ahead of the commencement of bidding for its public issue today, fintech major