Mumbai, Nov. 12 -- The initial public offer of Pine Labs received bids for 24,09,38,834 shares as against 9,78,93,739 shares on offer. The issue was subscribed 2.46 times.

The Qualified Institutional Buyers (QIB) category was subscribed 4 times, the Retail Individual Investors category was subscribed 1.22 times and the Non-Institutional Investors category was subscribed 0.30 times.

The issue opened for bidding on 7 November 2025 and it closed on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share.

The issue comprised an offer for sale of 8.23 crore equity shares from an investor selling shares to raise Rs 1729-1820 crore. The company is a professionally managed company, and there is no identifiable pro...