IPO-bound Pine Labs has garnered strong interest from investors, raising ₹1,753 crore from over 70 anchor investors just a day before its ₹3,899-crore initial public offering (IPO) opens for subscription on Friday, November 7. The company’s board approved the allotment of 7.9 crore equity shares to qualified anchor investors at ₹221 per share, the upper limit of the price band.
Among the marquee investors participating in the anchor book are SBI Mutual Fund, 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, and Reliance General Insurance, among others.
Notably, 12 domestic mutual funds accounted for a major chunk of the allocation, receiving 3.7 crore shares, or about 47% of the anchor portion, spread across 30 different schemes.
Pine Labs IPO comprises a fresh issue worth ₹2,080 crore and an offer for sale (OFS) of shares totaling ₹1,819.9 crore. Investors can bid for a minimum of one lot comprising 67 shares, translating to a base investment of ₹14,807, with subsequent bids in multiples of 67 shares.
Also Read: Pine Labs IPO Set to Open on November 7, 2025: Key Risks You Should Know
The company has earmarked 75% of the issue for institutional investors, 15% for non-institutional investors (NIIs), and the remaining 10% for retail investors. At the upper end of the price band, Pine Labs valuation could touch ₹25,300 crore, underscoring the strong investor confidence in the fintech firm’s growth prospects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 7, 2025, 7:47 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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