By Admin 
Pine Labs IPO: Fintech unicorn Pine Labs is coming with its IPO on 7th November. The company is preparing to raise Rs 2,080 crore through fresh issue. Apart from this, 8.23 crore shares will be sold under Offer for Sale (OFS). In this way the issue size will be approximately Rs 3,500 crore. The closing of the issue will take place on 11 November. Anchor investors will be able to bid on 6 November.
This company, which competes with companies like Paytm, Razorpay, Infibeam, PayU Payments and Phonepe in its country and companies like Adyen, Shopify and Block in the global market, submitted draft papers in June, which got approval from SEBI on September 11. The price band per share for the IPO will be announced on Monday. Share allotment is to be done on 12th November and listing can happen on BSE, NSE on 14th November.
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