Update on Acquisition of Equity Shares in the IPO of Pine Labs Limited under the Anchor Category.
ZSARACOM · price
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Saraswati Commercial (India) Ltd has confirmed the allotment of 6,78,777 equity shares of Pine Labs Limited at Rs. 221 per share, totalling Rs. 15,00,09,717 (~Rs. 15 crore), under the Anchor Investor category in Pine Labs' IPO. The allotment was completed on 12th November 2025. Saraswati, an NBFC, participated as a pure financial investor, picking up a marginal 0.06% stake in Pine Labs. Pine Labs is a major Indian merchant commerce and POS solutions platform with FY25 turnover of Rs. 2,327 crore and an IPO size of Rs. 3,899.91 crore.
This is a routine financial investment for Saraswati, which is in the business of investing in shares and securities. The Rs. 15 crore deployment is small relative to the company's overall portfolio and unlikely to move Saraswati's stock price materially, though it gives the company exposure to a high-profile fintech listing.