Pine Labs Lists at 9.5% Premium Over IPO Price Amidst Steep Valuations and Optimism for Long-Term Prospects

Pine Labs, a fintech company, listed at a 9.5% premium on the stock exchange, following a Rs 3,900 crore IPO. The company has a strong merchant network and has turned profitable in Q1 FY26. Despite the premium listing, analysts are cautious due to high valuations and thin profitability. The IPO proceeds will be used for business expansion, debt repayment, and acquisitions.