India, Nov. 11 -- Update | November 11, 19:20 IST

Pine Labs' IPO closed with a 2.46X oversubscription today. The public issue received bids for 24.09 Cr shares against 9.78 Cr shares on offer.

The employees' category saw the highest subscription at 7.35X. They placed bids for 9.72 Lakh shares against 1.32 Lakh shares on offer.

Qualified institutional buyers (QIBs) placed bids for 20.97 Cr shares against 5.24 Cr shares on offer, translating to 4X oversubscription. Within this segment, foreign institutional investors (FIIs) bid for 8.69 Cr shares, while mutual funds and domestic financial institutions placed bids for 10.84 Cr and 1.33 Cr shares, respectively.

The non-institutional investors' (NIIs) segment saw only a 30% subscription, r...