Pine Labs Shares Off to a Firm Start, List at 9.50% Premium over IPO Price in Indian Stock Market

Pine Labs gets warm market welcome on $440M India IPO despite a valuation trim

Pine Labs, backed by PayPal and Mastercard, gained 14% on its market debut.

Pine Lab share price: Stock lists at 10% premium over IPO price

Pine Lab shares opened at Rs 242 on the BSE and NSE. The listing performance was slightly better than grey market expectations.

Pine Labs shares off to a firm start, list at 9.50% premium over IPO price in Indian stock market

Pine Labs IPO listing: Shares of fintech firm Pine Labs were off to a solid start on Dalal Street despite a tepid response to its initial public offering as they listed at a nearly 10% premium on the exchanges today, November 14.

Pine Labs shares list at 9.5% premium over IPO price

Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing at Rs 242. The Rs 3,900-crore IPO saw strong institutional demand, with QIBs subscribing 3.97 times. The company, a recognized merchant commerce platform, turned profitable in Q1 FY26, with IPO proceeds earmarked for debt repayment, technology investments, and expansion.

Pine Labs Share Price Updates: PayPal-backed company shares trade 18% above Rs 221-IPO price

Pine Labs share price live updates: PayPal-backed Pine Labs made a strong debut on bourses today. The The initial public offering (IPO) received 2.46 times subscription on the final day of share sale. The IPO comprised of a fresh issue of shares worth Rs 2,080 crore and an offer for sale (OFS) of over 8.23 crore equity shares, valuing Rs 1,819.9 crore at the upper end, by existing shareholders. The price band was fixed at Rs 210-221 per share.

Pine Labs share price LIVE: Pine Labs shares jump 17% after listing, stock now 28% higher than IPO price

Ahead of listing, the shares of the company were trading with nearly three percent grey market premium (GMP) over the IPO price.