Kolkata: Like a few other public issues, Pine Labs suffers from a steadily declining GMP that contrasts with enthusiastic participation on anchor investors — as many as 71 of them — and a strong presence in its business segment and valuation concerns, not to speak of losses in the past and fast growth in the recent past. Taking all these headwinds and tailwinds in stride, Pine Labs IPO garnered overall subscription of 0.13 times on November 7, the first day of the bidding process — 0.57 times in the retail category, 0.02 times in QIB (Ex Anchor), and 0.07 times in the NII category. The interesting point to note is that of all the three segments, retail investors were the most enthusiastic.

Pine Labs IPO GMP

The Grey Market Premium or GMP of Pine Labs IPO stood at Rs 5.50 in early mornin

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