Shares of Pine Labs made a strong debut on Friday, listing at Rs 242 per share on the BSE and NSE, marking a 9.5% premium over the issue price of Rs 221. The listing performance was slightly better than grey market expectations, reflecting a positive start for one of India’s leading digital payments and merchant commerce platforms.
At the time of listing, the company’s market capitalisation stood at around Rs 27,800 crore, placing it among the larger fintech firms currently traded on Indian exchanges.
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The Rs 3,90
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