Pine Labs made a strong stock market debut on Friday, listing at Rs 242 per share on the BSE and NSE—a 9.5% premium over its issue price of Rs 221.
The listing was slightly better than grey market expectations and signalled a steady start for one of India’s leading digital payments and merchant-commerce companies.
The company debuted with a market capitalisation of around Rs 27,800 crore, placing it among the larger fintech names in the listed space.
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