Funding
Pine Labs raises ₹1,753 crore from anchor investors
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- Anchor placement before IPO
- Kind
- Funding
- Amount
- ₹1,753 crore
- Stage
- Anchor round
What they do
Ahead of its IPO opening, Pine Labs raised ₹1,753 crore from big investors, allotting 79 million shares at ₹221 each
What happened
Twelve domestic mutual funds took part, with SBI, HSBC, Mirae Asset and Axis funds taking 47 percent, or ₹828 crore
Why it matters
Global names included Integrated Core Strategies and the MIT retirement plan trust
The details
- Anchor round raised ₹1,753 crore.
- 79 million shares were allotted at ₹221.
- Domestic funds took ₹828 crore of it.
Investors
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