Pine Labs IPO
Listed
Pine Labs is a leading merchant commerce and fintech platform in India, providing end-to-end payment, financing (BNPL/EMI), and customer engagement solutions through Smart POS terminals and online payment infrastructure. The company connects over 915,000 merchants and collaborates with major banks and consumer brands (like LG, Flipkart, Amazon Pay). Its offerings include integrated commerce solutions, merchant financing, and digital gift card/loyalty programs (via Qwikcilver). Pine Labs is focusing its strategy on leveraging technology to simplify and accelerate commerce for businesses of all sizes across India and Southeast Asia.
Issue Price
221
Current GMP
₹5 (2.26%)
Overall Subscription
2.48x
Issue Size
₹3,899.91 Cr
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Live Subscription by Application
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 5,28,97,083 | 15,355 | 0.00x |
FII | - | 37 | - |
DFI | - | 14,251 | - |
MF | - | 33 | - |
Other | - | 1,034 | - |
| NII | 28,200 | 3,749 | 0.13x |
bNII | 18,800 | 594 | 0.03x |
Corporate | - | 28 | - |
Individual | - | 532 | - |
Other | - | 34 | - |
sNII | 9,400 | 3,155 | 0.34x |
Corporate | - | 42 | - |
Individual | - | 3,059 | - |
Other | - | 54 | - |
| Retail | 2,63,196 | 2,25,367 | 0.86x |
Cut-off price | - | 1,94,366 | - |
Fixed price | - | 31,001 | - |
| Employee | 1,866 | 6,168 | 3.31x |
Cut-off price | - | 5,503 | - |
Fixed price | - | 665 | - |
| Total | 5,31,90,345 | 2,50,639 | 0.00x |
Live Subscription by Shares
| Category | Shares Offered | Shares Applied | Subscription |
|---|---|---|---|
| QIB | 5.29 Cr | 20.98 Cr | 3.97x |
FII | - | 8.69 Cr | - |
DFI | - | 1.34 Cr | - |
MF | - | 10.85 Cr | - |
Other | - | 10.28 L | - |
| NII | 2.65 Cr | 80.31 L | 0.30x |
bNII | 1.76 Cr | 43.66 L | 0.25x |
Corporate | - | 3.48 L | - |
Individual | - | 38.63 L | - |
Other | - | 1.56 L | - |
sNII | 88.17 L | 36.64 L | 0.42x |
Corporate | - | 49.98K | - |
Individual | - | 35.60 L | - |
Other | - | 54.14K | - |
| Retail | 1.76 Cr | 2.21 Cr | 1.26x |
Cut-off price | - | 1.90 Cr | - |
Fixed price | - | 31.15 L | - |
| Employee | 1.25 L | 9.73 L | 7.78x |
Cut-off price | - | 7.44 L | - |
Fixed price | - | 2.29 L | - |
| Total | 9.71 Cr | 24.09 Cr | 2.48x |
Subscription Summary
QIB
Shares Applied:3.97x
Applications Offered:0.00x
NII
Shares Applied:0.30x
Applications Offered:0.13x
Retail
Shares Applied:1.26x
Applications Offered:0.86x
Employee
Shares Applied:7.78x
Applications Offered:3.31x
Quick Stats
Total Categories4
IPO TypeMainboard
StatusListed
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Join NowData Last Updated
12 Nov 2025, 01:29 pm
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Understanding Subscription Categories
QIB
Qualified Institutional Buyers
Includes FII, DFI, Mutual Funds, and other qualified institutions.
NII
Non-Institutional Investors
High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).
Retail
Retail Individual Investors
Retail investors with applications up to ₹2 lakh per PAN.
Frequently Asked Questions
What is the current subscription status of Pine Labs IPO?
The current overall subscription for Pine Labs IPO is 2.48x. This indicates the total demand relative to the shares offered. Higher subscription typically suggests strong investor interest.
How to check Pine Labs IPO subscription status?
You can check Pine Labs IPO subscription status on IPOwiz, BSE website, NSE website, or your broker's platform. Subscription data is updated regularly during the IPO period from 7 November 2025 to 11 November 2025.
What do subscription numbers mean?
Subscription numbers show how many times the IPO is oversubscribed. For example, 2.48x means the IPO received 2.48x times more applications than shares available. Higher subscription in retail category generally means lower allotment chances.
When does Pine Labs IPO subscription close?
The subscription for Pine Labs IPO closes on 11 November 2025. Applications must be submitted before the closing time on this date. Late applications will not be accepted.
What is the difference between QIB, NII, and Retail subscription?
QIB (Qualified Institutional Buyers) includes mutual funds, FIIs, and other institutions. NII (Non-Institutional Investors) includes high net-worth individuals investing above ₹2 lakh. Retail includes individual investors with applications up to ₹2 lakh. Each category has separate subscription quotas.
How does subscription affect allotment chances?
Higher subscription in your category means lower allotment chances. For example, if retail subscription is 2.48x, it means there are 2.48x times more applications than shares available, making allotment competitive.
When will Pine Labs IPO allotment be finalized?
The allotment for Pine Labs IPO will be finalized and announced on 12 November 2025. You can check your allotment status on the registrar's website, BSE, NSE, or your demat account after this date.
What happens after subscription closes?
After subscription closes on 11 November 2025, the company and registrar process all applications. Allotment is finalized by 12 November 2025, and shares are credited to successful applicants' demat accounts before the listing date on 14 November 2025.
Can I apply after subscription closes?
No, you cannot apply after the subscription closes on 11 November 2025. All IPO applications must be submitted during the subscription period from 7 November 2025 to 11 November 2025. Late applications are automatically rejected.
What is the issue size and lot size for Pine Labs IPO?
The issue size for Pine Labs IPO is ₹3,899.91 Cr, and the lot size is 67 shares. The price range is ₹210.0 - ₹221.0. You must apply in multiples of the lot size.