Pine Labs IPO, Nov. 4 -- The initial public offering (IPO) of the fintech company, Pine Labs, is set to open for public subscription on Friday, November 7, and will remain open until Tuesday, November 11. The mainboard IPO is a combination of fresh issue of 9.41 crore shares and an offer for sale (OFS) of 8.23 crore shares. Pine Labs IPO price band has been fixed in the range of Rs.210 to Rs.221 per equity share.

From the fresh issue of shares, the company aims to raise Rs.2,080 crore, which it intends to utilise for business expansion, repayment or prepayment of certain borrowings, and general corporate purposes.

Pine Labs IPO share allotment is expected to be finalised on Wednesday, November 12, and investors could get the shares cred...