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1h agoPine Labs IPO oversubscribed 1.6x with strong fintech investor demand

Fintech firm Pine Labs closed its IPO subscription on November 11, attracting bids for 158.4 million shares against 97.9 million offered. The ₹6,000 crore issue drew significant participation from institutional and HNI investors, reflecting confidence in India’s digital payments sector. The funds will primarily be used to enhance merchant acquisition, develop credit-linked digital payment products, and expand in Southeast Asia.
Grey market premiums hovered around ₹18–₹22. The final allotment is expected by November 14 with a probable listing on November 18 across NSE and BSE.
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positive
1h agoPine Labs IPO oversubscribed 1.6x with strong fintech investor demand

Fintech firm Pine Labs closed its IPO subscription on November 11, attracting bids for 158.4 million shares against 97.9 million offered. The ₹6,000 crore issue drew significant participation from institutional and HNI investors, reflecting confidence in India’s digital payments sector. The funds will primarily be used to enhance merchant acquisition, develop credit-linked digital payment products, and expand in Southeast Asia.
Grey market premiums hovered around ₹18–₹22. The final allotment is expected by November 14 with a probable listing on November 18 across NSE and BSE.
Explore:Mutual Fund Tools
about 2 hours ago
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Pine Labs IPO was oversubscribed 1.6x on strong institutional demand, raising ₹6,000 crore to expand fintech operations and digital payment platforms.
Fintech firm Pine Labs closed its IPO subscription on November 11, attracting bids for 158.4 million shares against 97.9 million offered. The ₹6,000 crore issue drew significant participation from institutional and HNI investors, reflecting confidence in India’s digital payments sector. The funds will primarily be used to enhance merchant acquisition, develop credit-linked digital payment products, and expand in Southeast Asia.
Grey market premiums hovered around ₹18–₹22. The final allotment is expected by November 14 with a probable listing on November 18 across NSE and BSE.

Fintech firm Pine Labs closed its IPO subscription on November 11, attracting bids for 158.4 million shares against 97.9 million offered. The ₹6,000 crore issue drew significant participation from institutional and HNI investors, reflecting confidence in India’s digital payments sector. The funds will primarily be used to enhance merchant acquisition, develop credit-linked digital payment products, and expand in Southeast Asia.
Grey market premiums hovered around ₹18–₹22. The final allotment is expected by November 14 with a probable listing on November 18 across NSE and BSE.
Companies:
Pine Labs
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ipo
fintech
ipo
fintech
pine labs
digital payments
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Nov 11, 2025 • 18:29 IST