13 Nov 2025 | 5 Mins Read
Pine Labs IPO GMP surges ahead of Friday listing
Flipitmoney
Pine Labs' Rs 3,900-crore IPO was subscribed 2.5 times its offer size, with retail investors fully booking their portion. Despite this, grey market estimates signal a tepid listing, with a 3% grey market premium. Prashanth Tapse recommends long-term holding with a wait-and-watch approach for new investors, citing a potentially flat listing and moderate subscription trend.