The initial public offering (IPO) of fintech major Pine Labs will open for subscription on Friday, November 7, in the primary market. The fintech company raised ₹1,753-crore from anchor investors a day earlier.

Nomura, Templeton MF, Mirae Asset MF, Massachusetts Institute of Technology, HSBC, Edelweiss MF, Morgan Stanley, Abakkus Flexi Edge Fund-1, Amundi Funds, Motilal Oswal, Susquehanna Pacific, Bharti Axa, Reliance General Insurance are some of the prominent names that feature in the list of anchor investors for the Pine Labs IPO .

Pine Labs has fixed a price band of ₹210-221 per share for its ₹3,900-crore issue, valuing the firm at ₹25,377 crore. Investors can bid in lots of 67 shares and in multiples thereof.

The IPO will remain open for bidding from November 7 to November 11.

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