07 Nov 2025 | 5 Mins Read
Brokerages see long-term potential in Pine Labs' IPO
Flipitmoney
Pine Labs Ltd's Rs 3,900-crore IPO opened for subscription on November 7, buoyed by strong response from anchor investors. Analysts praise the company's scale, revenue streams, and improving profitability but flag valuation concern, as it's at a premium to peers, with HDFC Securities describing it as a 'leading player' in digital commerce and payments.