14 Nov 2025 | 5 Mins Read
Analysts urge caution on Pine Labs despite strong market debut
Flipitmoney
Pine Labs listed with a 9.5% premium over its IPO price, hitting an intraday high of Rs 283.70. Analysts advised caution citing stretched valuations and competitive intensity, recommending a long-term view and potential post-listing corrections for new investors. The Rs 3,900-crore IPO was subscribed nearly 2.5 times its offer size, making its market capitalisation around Rs 27,800 crore.