FILE PHOTO: A worker uses a Pine Labs machine for transaction at a fuel station in Ahmedabad, India, August 5, 2022. REUTERS/Amit Dave/File Photo
(Reuters) -Indian fintech firm Pine Labs' $440 million IPO was fully subscribed on the final day of bidding on Tuesday, even as concerns over profitability and valuations kept some investors at bay.
The share sale happened in the middle of a wave of listings with the IPO market set to top last year's record. So far in 2025, more than 80 companies have listed on the main board, raising 1.3 trillion rupees ($14.8 billion).
