[Update] Pine Labs IPO Closes With 2.5X Oversubscription

by · Inc42

SUMMARY

  • Pine Labs’ public issue received bids for 24.09 Cr shares against 9.78 Cr shares available for subscription
  • 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
  • Pine Labs had set a price band of INR 210 to INR 221 for the IPO. Its shares are expected to list on the bourses on November 14