Issue Subscribed 39% On Day 2 So Far

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SUMMARY

Pine Labs’ public issue received cumulative bids for 4.47 Cr shares as against 9.78 Cr shares on offer so far

Retail investors placed bids for 1.43 Cr shares against 1.81 Cr shares reserved, translating to 79% subscription

The fintech company has set a price band of INR 210 to INR 221 for its IPO, which will remain open for subscription until tomorrow

Fintech major Pine Labs’ IPO was subscribed 39% till 12:51 IST today, the second day of bidding. The issue received…



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Issue Subscribed 39% On Day 2 So Far


SUMMARY

Pine Labs’ public issue received cumulative bids for 4.47 Cr shares as against 9.78 Cr shares on offer so far

Retail investors placed bids for 1.43 Cr shares against 1.81 Cr shares reserved, translating to 79% subscription

The fintech company has set a price band of INR 210 to INR 221 for its IPO, which will remain open for subscription until tomorrow

Fintech major Pine Labs’ IPO was subscribed 39% till 12:51 IST today, the second day of bidding. The issue received…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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