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On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
The company’s Rs 883 crore public issue, priced between Rs 144 and Rs 152 per share, was subscribed just 1.2 times.
The company's IPO, which opened last week, was subscribed over nine times overall.
The offering included a fresh issue of Rs. 1,023.5 crore and an offer for sale (OFS) component of Rs 1,810.4 crore.
Pine Labs had steeply cut the size of the IPO amid profitability and valuation concerns.
