Price Band Set At INR 210-221

At the upper end of the price band, the IPO values Pine Labs at INR 25,377 Cr (about $2.9 Bn)

Pine Labs INR 3,900 Cr IPO would comprise a fresh issue of INR 2,080 Cr, with the remaining amount being OFS

The company’s P/E ratio at INR 221 price stands at 152.41 on the basis of its diluted earnings per share for FY25

Fintech major Pine Labs has set a price band of INR 210 to INR 221 for its initial public offering (IPO), which is set to open on Friday (November 7).

At the upper end of the price band, the IPO values…