Fintech firm Pine Labs closed its IPO subscription on November 11, attracting bids for 158.4 million shares against 97.9 million offered. The ₹6,000 crore issue drew significant participation from institutional and HNI investors, reflecting confidence in India’s digital payments sector. The funds will primarily be used to enhance merchant acquisition, develop credit-linked digital payment products, and expand in Southeast Asia. 

Solar energy manufacturer Emmvee Photovoltaic opened its IPO on November 11, 2025, amid rising investor focus on clean energy plays. The offering aims to raise funds for capacity expansion and solar module R&D facilities across Karnataka and Gujarat. Early subscription trends indicate healthy institutional participation from ESG-focused funds and renewable energy investors.