Pine Labs sets IPO price band at ₹210-₹221 per share
Pine Labs, the fintech company behind those handy point-of-sale machines, is launching its IPO with shares priced between ₹210 and ₹221.
The public can start bidding from November 7, aiming for a valuation close to ₹25,377 crore.
The issue size has been trimmed to ₹3,900 crore, and you'll need to buy in lots of 67 shares if you're interested.
What else to know?
Anchor investors get first dibs on November 6, while everyone else can apply until November 11.
Big names like Peak XV Partners, PayPal, and Mastercard are selling some of their stake—about 8.23 crore shares this time (down from earlier plans).
Pine Labs plans to use the fresh funds mainly for paying off debt, upgrading tech, and expanding globally.
Shares will be allotted on November 12 and listed on BSE/NSE by November 14.