Pine Labs’ Rs 3,899.91 crore IPO debuts on Friday, November 14. Grey market trends suggest a modest 3% premium. The IPO saw strong institutional demand but tepid response from non-institutional investors. Analysts cite valuation concerns despite recent profit growth. The digital payments sector shows strong growth potential driven by increasing card usage and merchant digitization.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets