Pine Labs: 3.97 Cr shares free for trade as lock-in ends Dec 12, 9% above IPO price

• Pine Labs' lock-in for 3.97 crore shares (3% of outstanding equity), valued at approx. ₹960 crore, ends on December 12, making them eligible for trading.
• This is the second lock-in expiry this week; 1.98 crore shares (2% of equity) were freed on December 8.
• Recently listed on November 14, Pine Labs' IPO was subscribed 2.48 times. The company specializes in PoS payments and is expanding into online payments and BNPL services.
• In Q2 FY25, Pine Labs reported a consolidated net profit of ₹5.97 crore (vs. ₹32 crore loss YoY) and an 18% increase in revenue to ₹649.90 crore.

Why It Matters: Pine Labs' lock-in expiry could increase share supply, affecting its stock price.