Mumbai, Nov. 10 -- The initial public offer of Pine Labs received bids for 5,31,12,240 shares as against 9,78,93,739 shares on offer, according to stock exchange data at 17:00 IST on Monday (10 November 2025). The issue was subscribed 0.54 times.

The issue opened for bidding on 7 November 2025 and it will close on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share. An investor can bid for a minimum of 67 equity shares and in multiples thereof.

The issue comprises 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 promoter.

Out of the net proceeds from the fresh issues o...