Pine Labs IPO, Nov. 7 -- Fintech firm Pine Labs' initial public offering (IPO) kicked off on Friday, November 7, to raise Rs.3,900 crore. The issue was off to a slow start, with only the employee portion getting fully subscribed on the first day.

Investors can place bids for Pine Labs IPO till Tuesday, November 11.

Pine Labs IPO closed the first day of bidding with a 13% subscription. The issue garnered bids for 1,29,07,550 shares as against 9,78,93,739 shares on offer.

The qualified institutional buyers (QIB) segment was booked 2% and the non-institutional investor (NII) quota was subscribed 7%. The retail investor part received 54% bids today. The portion reserved for employees was booked 2.96 times as of Day 1.

Pine Labs IPO's grey...