New Delhi, Nov. 10 -- Pine Labs IPO subscription status was 13% on day 1. The subscriptions from non-institutional investors (NIIs) were 7%, whereas the qualified institutional buyers (QIBs) showed a significantly low engagement at 2% on the first day. The employees' quota was an exception, already fully subscribed by nearly three times (2.96 times).

The public subscription for the initial public offering (IPO) of Pine Labs, a fintech company, started on November 7 and will end on November 11. Pine Labs IPO price band has been set at Rs.210 to Rs.221 per share, aiming for a valuation exceeding Rs.25,300 crore. Pine Labs IPO GMP today is Rs.4. Pine Labs secured Rs.1,754 crore from anchor investors on Thursday, just one day prior to the op...