Pine Labs shares debuted on the BSE at ₹242 apiece, making a 9.5% premium over the IPO price of ₹221. The fintech company's ₹3,990-crore IPO was subscribed nearly 2.5 times, which was mostly led by institutional investors. Established in 1998, the firm is one of India's most recognised merchant commerce platforms. The public issue had opened on November 7.