Pine Labs IPO Subscription
ListedUpdated 14 November 2025, 9:15 AM IST· Mainboard
Pine Labs IPO subscription closed on 11 November 2025 at 2.48x overall by shares. QIB demand came in at 3.97x, NII at 0.30x, and retail at 1.26x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 12 November 2025. Listing date on NSE and BSE is 14 November 2025.
Pine Labs IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 7 Nov 2025 | 0.02x | 0.07x | 0.57x | 0.13x |
| Day 2 - 10 Nov 2025 | 0.63x | 0.12x | 0.91x | 0.55x |
| Day 3 - 11 Nov 2025 | 3.97x | 0.30x | 1.27x | 2.48x |
Pine Labs IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Pine Labs IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 0.86x | Very high |
| SHNI (Rs 2L to Rs 10L) | 0.34x | Very high |
| BHNI (above Rs 10L) | 0.03x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Pine Labs IPO Allotment Status page from 12 November 2025 for your result.
Pine Labs IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 221.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 1,169.03 Cr | Rs 4,636.42 Cr | 3.97x |
| FII | - | Rs 1,921.21 Cr | - |
| DFI | - | Rs 295.41 Cr | - |
| Mutual Funds | - | Rs 2,397.06 Cr | - |
| Other | - | Rs 22.73 Cr | - |
| NII | Rs 584.57 Cr | Rs 177.48 Cr | 0.30x |
| bNII (above Rs 10L) | Rs 389.71 Cr | Rs 96.50 Cr | 0.25x |
| Corporate | - | Rs 7.69 Cr | - |
| Individual | - | Rs 85.36 Cr | - |
| Other | - | Rs 3.44 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 194.86 Cr | Rs 80.98 Cr | 0.42x |
| Corporate | - | Rs 1.10 Cr | - |
| Individual | - | Rs 78.68 Cr | - |
| Other | - | Rs 1.20 Cr | - |
| Retail | Rs 389.71 Cr | Rs 489.36 Cr | 1.26x |
| Cut-off price | - | Rs 420.51 Cr | - |
| Fixed price | - | Rs 68.85 Cr | - |
| Employee | Rs 2.76 Cr | Rs 21.50 Cr | 7.78x |
| Cut-off price | - | Rs 16.44 Cr | - |
| Fixed price | - | Rs 5.06 Cr | - |
| Total | Rs 2,146.07 Cr | Rs 5,324.75 Cr | 2.48x |
Pine Labs IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 5,28,97,083 | 15,355 | 0.00x |
| FII | - | 37 | - |
| DFI | - | 14,251 | - |
| Mutual Funds | - | 33 | - |
| Other | - | 1,034 | - |
| NII | 28,200 | 3,749 | 0.13x |
| bNII (above Rs 10L) | 18,800 | 594 | 0.03x |
| Corporate | - | 28 | - |
| Individual | - | 532 | - |
| Other | - | 34 | - |
| sNII (Rs 2L to Rs 10L) | 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 |
What Do These Subscription Numbers Mean?
2.48x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 3.97x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.13x by applications). Split: SHNI 0.34x, BHNI 0.03x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
Pine Labs IPO GMP After Subscription
GMP for Pine Labs IPO stands at Rs 5.00 today, giving an estimated listing price of Rs 226.00 per share.
The GMP has moved lower from Rs 60.00 on 1 Nov 2025 to Rs 6.00 on 12 Nov 2025.
A subscription of 2.48x combined with a GMP of 2.26% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Pine Labs IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Pine Labs IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 7 November 2025 |
| IPO Close Date | 11 November 2025 |
| Allotment Date | 12 November 2025 |
| Refund Initiation | 13 November 2025 |
| Share Credit to Demat | 13 November 2025 |
| Listing Date | 14 November 2025 |
| Minimum Investment | Rs 14,807.00 |
| Lot Size | 67 shares |
About Pine Labs IPO
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).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Pine Labs IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Pine Labs IPO Details
Issue size, price, financials, and company info
Pine Labs IPO GMP
Live grey market premium and listing estimate
Pine Labs IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Pine Labs IPO Allotment
Allotment date, chances, and check by PAN
Pine Labs IPO Review
SWOT, strengths, risks, and IPO review
Pine Labs IPO FAQ
Common questions on dates, GMP, and allotment
Pine Labs IPO Registrar
Registrar website and how to check allotment
Pine Labs IPO Timeline
Open, close, allotment, and listing dates
Pine Labs IPO News
Updates, blogs, and latest IPO news
Pine Labs IPO Subscription FAQs
What is Pine Labs IPO subscription status today?
Pine Labs IPO subscription closed on 11 November 2025 with overall subscription of 2.48x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 3.97x, NII 0.13x, Retail 0.86x.
What is the overall subscription of Pine Labs IPO?
Pine Labs IPO is subscribed 2.48x overall by shares at close on 11 November 2025. QIB 3.97x, NII 0.13x, and Retail 0.86x.
What is Pine Labs IPO QIB subscription?
Pine Labs IPO QIB (Qualified Institutional Buyers) subscription is 3.97x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Pine Labs IPO Retail subscription?
Pine Labs IPO Retail subscription is 0.86x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Pine Labs IPO NII, SHNI, and BHNI subscription?
Pine Labs IPO NII subscription is 0.13x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.34x and BHNI (above Rs 10L) at 0.03x.
What are Pine Labs IPO retail allotment chances?
Pine Labs IPO retail share subscription is 1.26x. Application data is needed for exact lottery chances.
What are Pine Labs IPO SHNI allotment chances?
Pine Labs IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Pine Labs IPO BHNI allotment chances?
Pine Labs IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Pine Labs IPO allotment date?
Pine Labs IPO allotment date is 12 November 2025. Check Pine Labs IPO Allotment Status on IPOwiz from that day using your PAN.
When does Pine Labs IPO subscription close?
Pine Labs IPO subscription closed on 11 November 2025. No new applications are accepted after the close.
What is Pine Labs IPO GMP today?
Pine Labs IPO GMP is ₹5 today (+2.26% over issue price ₹221). See live GMP on the Pine Labs IPO GMP Today page.
What is Pine Labs IPO issue price and lot size?
Pine Labs IPO issue price is ₹221 per share. Lot size is 67 shares. Minimum investment is ₹14,807 per lot. Issue size: ₹3,899.91 Cr.
When is Pine Labs IPO listing date?
Pine Labs IPO listing date is 14 November 2025 on NSE and BSE. Allotment is on 12 November 2025.
How does subscription affect Pine Labs IPO allotment?
In Pine Labs IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 2.48x overall, competition is moderate.
For allotment results from 12 November 2025, visit the Pine Labs IPO Allotment Status page. For listing day updates on 14 November 2025, download the IPOwiz App.
Sources
We match Pine Labs IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.