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Pine Labs
is all set to list on D-Street today. However, its INR 3,900 Cr public issue delivered vastly divergent outcomes – some investors celebrated big returns while others absorbed losses on bets made during peak valuation years. How did the IPO create such polarised results?
The IPO Mechanics: Pine Labs’ public issue comprised a fresh issue of INR 2,080 Cr and an OFS of 8.23 Cr shares. At the upper end of its INR 210-221 price band, the listing values the fintech…
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Pine Labs is all set to list on D-Street today. However, its INR 3,900 Cr public issue delivered vastly divergent outcomes – some investors celebrated big returns while others absorbed losses on bets made during peak valuation years. How did the IPO create such polarised results?
The IPO Mechanics: Pine Labs’ public issue comprised a fresh issue of INR 2,080 Cr and an OFS of 8.23 Cr shares. At the upper end of its INR 210-221 price band, the listing values the fintech…
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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