Pine Labs IPO listing Live Updates: Shares debut at 10% premium; should you buy, sell or hold?

3 hours ago

HomeMarket NewsPine Labs IPO listing Live Updates: Shares debut at 10% premium; should you buy, sell or hold?

Pine Labs IPO listing Live Updates: The shares of fintech major Pine Labs Ltd. made their stock market debut on Friday, November 14. This, after its ₹3,899 crore IPO received a decent response during its three-day subscription period. The IPO saw overall subscription of 2.46 times, with investors placing bids for 24.09 crore shares, in comparison to the 9.78 crore shares on offer. Watch this space for all the Live updates.

Pine Labs IPO listing Live Updates: The shares of fintech major Pine Labs Ltd. made their stock market debut on Friday, November 14. This, after its ₹3,899 crore IPO received a decent response during its three-day subscription period. The IPO saw overall subscription of 2.46 times, with investors placing bids for 24.09 crore shares, in comparison to the 9.78 crore shares on offer. However, ahead of its listing, Pine Labs' Grey Market Premium (GMP) fell to around ₹5.5 from ₹6.5 earlier. However, these GMP reports are speculative in nature and the listing price could differ from these figures. Watch this space for all the Live updates.

Read Full Article at Source