Pine Labs: ₹960 crore shares unlock Dec 12; stock 9% above IPO price

• Pine Labs shares are trading 9% above their IPO price of ₹221 per share.
• A one-month shareholder lock-in period ends on December 12, freeing up 39.7 million shares (3% of outstanding) for trade.
• The shares becoming eligible for trade on December 12 are valued at nearly ₹960 crore.
• This is the second lock-in expiry this week; the first on December 8 freed up 19.8 million shares (2%).
• In its first quarterly result post-listing, Pine Labs reported a 92% GTV growth to $48.2 billion and a 44% increase in transactions.

Why It Matters: Increased share availability could impact Pine Labs' stock price.