Pine Labs IPO, Nov. 10 -- The initial public offering (IPO) of Pine Labs continued to witness a tepid response from investors during the second day of bidding on November 10, with the issue subscribed a little over 0.50 times by the end of Monday.

The Pine Labs IPO, which remains open until Tuesday, November 11, received bids for 5.32 crore shares against the total offer of 9.71 crore shares, resulting in an overall subscription of 0.55 times, according to exchange data.

The non-institutional investors (NII) and qualified institutional buyers (QIB) portions were subscribed 0.12 times and 0.63 times, respectively. The retail portion was subscribed 0.91 times, while the employee segment displayed significant enthusiasm, being subscribed 5...