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. Grey market premiums hovered around ₹18–₹22. The final allotment is expected by November 14 with a probable listing on November 18 across NSE and BSE.