IPO-bound Pine Labs has secured ₹1,753 crore from over 70 anchor investors a day before its ₹3,899 crore issue opens for subscription on Friday, November 7.

The board of Pine Labs has approved the allocation of 7.9 crore equity shares to eligible anchor investors at ₹221 per share, which is the upper end of the price band.

SBI MF, Nomura, Templeton MF, Aditya Birla Sun Life MF, Mirae Asset MF, Massachusetts Institute of Technology, HSBC, ICICI Prudential Life Insurance, Tata MF, BNP Paribas, Axis My Life, Bandhan MF, Edelweiss MF, Morgan Stanley, Abakkus Flexi Edge Fund-1, Amundi Funds, Motilal Oswal, Susquehanna Pacific, Bharti Axa, Reliance General Insurance are some of the prominent names that feature in the list of anchor investors for the Pine Labs IPO.

Out of the total 7.9 crore s

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