Intimation under Regulation 30 read with Schedule III of Part A Para A(1) of SEBI LODR Regulations- Acquisition
ZSARACOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saraswati Commercial (India) Ltd, an NBFC, has invested Rs. 15 crore in Pine Labs Limited's IPO as an Anchor Investor. The company subscribed to 6,78,777 equity shares at Rs. 221 per share, representing 0.06% of Pine Labs' post-issue capital. Pine Labs is a leading Indian merchant commerce platform offering POS solutions, payment processing, and merchant financing services. Pine Labs' IPO size is Rs. 3,899.91 crore, and its turnover has grown from Rs. 1,690.44 crore in FY23 to Rs. 2,327.09 crore in FY25, though its net worth is negative at Rs. (2,244.27) crore. The investment is part of Saraswati's regular business of investing in shares and securities and is not a related party transaction.
This is a minor financial investment (0.06% stake) in a high-profile IPO and is unlikely to materially impact Saraswati's financials or stock price. It signals the company's active participation in primary market opportunities but represents a relatively small allocation of its capital.