Pine Labs IPO: Premium Rises 2% on Listing Day, Issue Subscribed 18%

The Pine Labs IPO entered its second day of bidding with a modest subscription rate and a relatively low grey-market premium, signalling cautious investor sentiment in India’s fintech sector. The IPO, which aims to raise around ₹3,900 crore, saw its fresh issue and offer-for-sale structure come under the spotlight as market participants weighed its valuation, growth prospects and the broader stock-market environment.