Mumbai: Pine Labs is set to raise Rs 3,899.91 crore through its IPO, which will open on November 7 and close on November 11. The issue comprises 9.41 crore shares worth Rs 2,080 crore and 8.23 crore Offer-for-Sale shares valued at Rs 1,819.91 crore. The company has announced a price band of Rs 210–221 per share, with a lot size of 67 shares. Retail investors will need to invest a minimum of Rs 14,807.

Grey Market Buzz

As soon as the price band was announced, the grey market premium (GMP) surged to approximately 16 percent. According to market sources, Pine Labs’ IPO GMP stands at Rs 35 per share in the unlisted market, roughly 15.8 percent higher than the cap price. This reflects strong investor interest and indicates a positive listing trend. However, GMP is only indicative and may flu

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