Pine Labs IPO: Issue receives tepid response on Day 2; subscribed 0.55 times, employee portion sees strong demand

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Pine Labs IPO has seen a modest response, with a subscription rate of 0.55 times as of November 10. The IPO, open until November 11, is valued at ₹3,899.91 crore and includes a fresh issue and an offer for sale. Retail interest remains strong at 1.91 times.