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Pine Labs share price Highlights: Pine Labs shares close 14% higher than IPO price on market debut day
Pine Labs share price LIVE: About the IPO
The public issue opened on November 7 and closed on November 11. The total issue size is estimated at Rs 3,900 crore. This includes a fresh issue of shares worth Rs 2,080 crore, and an offer-for-sale of 8.23 crore equity shares by key investors including Peak XV Partners, Macritchie Investments, Madison India, Mastercard, and PayPal.
Pine Labs, based out of Noida, operates across in-store point-of-sale terminals, online payment gateways, and prepaid and gift card solutions, serving millions of merchants globally.
The price band for the IPO was set at Rs 210-221 per share, valuing the company at approximately Rs 25,377 crore at the upper end. Investors could bid for a minimum of 67 shares, requiring an investment of Rs 14,807 at the upper price band and in multiples thereafter.
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