11 Nov 2025 | 3 Mins Read
Pine Labs IPO heavily subscribed
Flipitmoney
Pine Labs' ₹3,900 crore IPO received robust demand from institutional investors, subscribed 2.5 times overall, and 4 times from qualified institutional buyers. Retail participation was subdued, mainly due to valuation concerns. The company has a valuation of ₹25,377 crore and reported a ₹145 crore net loss in FY25.