Pine Labs shares soar 17% after strong listing, IPO investors sit at 28% gains. Should you enter now?

Fintech company Pine Labs made a strong debut on the BSE on Friday, listing at Rs 242 per share, a 9.5% premium over its IPO price of Rs 221. Investor enthusiasm didn’t stop at the opening bell, as the stock extended its gains during the day to hit an intraday high of Rs 283.70, up 17.2% from the listing price.

This takes the total listing-day return for IPO investors to a solid 28.4%.