The initial public offering (IPO) of Pine Labs was off to a muted bidding from the investors on the first day of the bidding process, mostly saw bidding from retail investors. The issue, which kicked off on Tuesday, November 07, shall close for bidding on Friday, November 11. Advertisement

Pine Labs is selling its shares in the price band of Rs 210-221 apiece. Investors can apply for a minimum of 67 shares and its multiples thereafter. It is looking to raise Rs 3,899.91 crore via IPO, which included a fresh share sale of Rs 2,080 crore and an offer-for-sale (OFS) of up to 8,23,48,779 equity shares worth Rs 1,819.91 crore.

According to the data, the investors made bids for 1,07,31,524 equity shares, or 11 per cent, compared to the 9,78,93,739 equity shares offered for the subscription by

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