India, Nov. 11 -- The initial public offer of Pine Labs received 54 per cent subscription on the second day of the initial share sale on Monday. The IPO received bids for 5,31,12,240 shares against 9,78,93,739 shares on offer, according to NSE data. The portion for retail individual investors' part got subscribed 87 per cent and the quota for qualified institutional buyers received 64 per cent subscription. The category for non-institutional investors got subscribed to 12 per cent. On Friday, the initial public offering (IPO) of Pine Labs received 13 per cent subscription.

Fintech firm Pine Labs on Thursday raised Rs 1,754 crore from anchor investors. The company's Rs 3,900 crore IPO will conclude on November 11. The firm has fixed a pri...