Pine Labs shares open at ₹242, reflect strong investor interest

Business Nov 14, 2025

Pine Labs, backed by PayPal, kicked off its stock market journey on Friday with shares opening at ₹242—about 9.5% higher than its IPO price of ₹221.
The buzz was real: the stock even touched ₹250 on NSE, showing investors were eager to get in.

IPO saw major demand, got subscribed 2.46 times

The ₹3,900 crore IPO saw major demand, getting subscribed 2.46 times overall. Anchor investors alone put in ₹1,754 crore before the public launch.
Pine Labs says the money will go into expanding payment solutions and buy-now-pay-later services.
By mid-morning, shares were up nearly 13%, reflecting solid confidence in where they're headed next.