Pine Labs On D-Street, BharatAgri Shuts Shop & More

Pine Labs On D-Street

Pine Labs is all set to list on D-Street today. However, its INR 3,900 Cr public issue delivered vastly divergent outcomes – some investors celebrated big returns while others absorbed losses on bets made during peak valuation years. How did the IPO create such polarised results?

The IPO Mechanics: Pine Labs’ public issue comprised a fresh issue of INR 2,080 Cr and an OFS of 8.23 Cr shares. At the upper end of its INR 210-221 price band, the listing values the fintech…