Pine Labs shares list at around 10% premium over IPO price
14 Nov 2025, 12:34 PMPine Labs had steeply cut the size of the IPO amid profitability and valuation concerns.
Team Head&Tale
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The shares of fintech company Pine Labs made its stock market debut on Friday with its shares listing at around 10% premium at Rs 242 per share on the BSE, which is higher than its issue price of Rs 221.
Pine Labs' shares rallied further as they were trading at Rs 262 per share, up 18.55%, around noon.
The fintech major's initial public offering (IPO) was fully subscribed on the final day of the bidding on November 11.
Pine Labs had steeply cut the size of the IPO amid profitability and valuation concerns. After reducing its IPO size, the payments major's IPO comprised of fresh issue of shares of up to Rs 2,080 crore and offer for sale (OFS) of up to 8.23 crores valued at Rs 1,820 crore.
The price band fixed at Rs 210-221 per equity share gave Pine Labs a valuation of $2.27 billion against the previously chased valuation of $5-6 billion.
As part of its IPO size reduction, most of the investors cut the number of shares they would sell via the OFS. The biggest reduction came from Peak XV Partners.
New-age tech companies are flocking the capital markets, which is proving to be a big liquidation event for its early venture capital investors.
Earlier this week, stock broking platform Groww also made its stock market debut with its shares listing at a premium of 14% against its IPO price of Rs 100.
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