Pine Labs raises Rs 1,754 Cr from anchor investors ahead of IPO

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Fintech major Pine Labs has mobilised Rs 1,754 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription today. 

Pine Labs has allotted 7.93 crore equity shares at Rs 221 per share, on the upper end of its price band of Rs 211–221, according to the filing accessed from the National Stock Exchange (NSE).

The anchor book saw participation from over 70 institutional investors, including domestic mutual funds and global institutions. Among them were SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Axis…



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Pine Labs raises Rs 1,754 Cr from anchor investors ahead of IPO


Fintech major Pine Labs has mobilised Rs 1,754 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription today. 

Pine Labs has allotted 7.93 crore equity shares at Rs 221 per share, on the upper end of its price band of Rs 211–221, according to the filing accessed from the National Stock Exchange (NSE).

The anchor book saw participation from over 70 institutional investors, including domestic mutual funds and global institutions. Among them were SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Axis…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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