Pine Labs raises Rs 1,754 Cr from anchor investors ahead of IPO

Fintech major Pine Labs has mobilised Rs 1,754 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription today. 

Pine Labs has allotted 7.93 crore equity shares at Rs 221 per share, on the upper end of its price band of Rs 211–221, according to the filing accessed from the National Stock Exchange (NSE).

The anchor book saw participation from over 70 institutional investors, including domestic mutual funds and global institutions. Among them were SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Axis…