Fintech major Pine Labs made a positive debut on the public markets on Friday, listing at a 9.5% premium over its issue price despite lukewarm interest from retail investors during the IPO.
The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE.
The IPO, which closed on November 11, raised around Rs 3,900 crore, comprising a mix of fresh issuance and an offer for sale by existing shareholders. While institutional investors drove the bulk of the demand, retail…
