Home / Business and Economy / Groww and Pine Labs Gear Up for Highly Anticipated Market Debuts
Groww and Pine Labs Gear Up for Highly Anticipated Market Debuts
3 Nov
Summary
- Groww IPO opens on Nov 4, aims to raise ₹6,632 crore
- Pine Labs IPO opens on Nov 7, signals competition in payments ecosystem
- Groww's GMP of 17% suggests moderate investor optimism
In the coming days, two highly anticipated market debuts are set to take place in India. Groww, the parent company of the popular investment platform, is preparing to open its initial public offering (IPO) on November 4 and close it on November 7. The company aims to raise a substantial ₹6,632 crore through the IPO, with a price band of ₹95-100 per share. The current grey market premium (GMP) of 17% suggests moderate optimism among investors regarding Groww's prospects.
Alongside Groww, digital payments firm Pine Labs is also gearing up to make its market debut later this week. The Pine Labs IPO will open on November 7 and close on November 11. The company's entry into the public market comes at a time of heightened competition in the payments ecosystem, and it will serve as a major test of investor appetite for India's next wave of tech IPOs. The current GMP for Pine Labs is neutral, indicating a wait-and-watch sentiment among investors.
These two market debuts are set to be closely watched by industry observers and investors alike, as they provide a glimpse into the future of India's rapidly evolving financial and technology sectors.
