Pine Labs IPO subscribed 7 percent on Day 1 amid sharp fall in grey market premium
The ₹3,900 crore IPO of fintech firm Pine Labs received 7 percent subscription on Day 1, with retail investors leading the demand. However, the grey market premium (GMP) dropped sharply to around 2–5 percent, signaling subdued investor sentiment.
By Finblage Editorial Desk
11:53 am
7 November 2025
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