The much-awaited Pine Labs IPO concluded its subscription period between November 7 and November 11, 2025. Investors are now eagerly awaiting the Pine Labs IPO allotment status, which is expected to be announced on November 12, 2025.
As per market updates, the IPO witnessed steady demand from institutional and retail investors, with decent participation across categories.
Pine Labs IPO Details
| Particular | Details |
|---|---|
| IPO Name | Pine Labs Limited |
| Issue Type | Book Built Issue IPO |
| IPO Open Date | 7 November 2025 |
| IPO Close Date | 11 November 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹210 – ₹221 per share |
| Lot Size | 65 Shares |
| Total Issue Size | Approx. ₹1,500 Crore |
| Listing Date (Expected) | 14 November 2025 |
| Registrar | KFin Technologies Limited |
How to Check Pine Labs IPO Allotment Status
Once the allotment is finalised on 12 November 2025, investors can check their status online through the registrar’s website.
Option 1 – KFin Technologies Portal
- Visit: KFIN
- Select Pine Labs Limited IPO from the dropdown list.
- Enter your PAN, Application Number, or DP Client ID.
- Click on Submit to view your allotment details.
Option 2 – NSE/BSE Portal
- Visit: https://www.bseindia.com/investors/appli_check.aspx or NSE Link
- Choose “Equity” and select “Pine Labs Limited.”
- Enter your PAN or Application Number.
The Pine Labs IPO received a moderate investor response during the bidding phase.
Pine Labs IPO Subscription Status
| Category | Subscription (Approx.) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.36x |
| Non-Institutional Investors (NII) | 0.25x |
| Retail Investors | 0.54x |
| Employees | 1.8x |
| Total | 0.55x (as of Day 2) |
Despite being under-subscribed, analysts remain optimistic about Pine Labs’ digital payments ecosystem and strong fintech presence in India and Southeast Asia.
Pine Labs IPO GMP (Grey Market Premium)
As of the latest update, the Pine Labs IPO GMP is trading around ₹5–₹6, indicating a modest premium over the issue price. Analysts suggest that listing gains might be limited due to cautious market sentiment, but long-term prospects remain strong.
Pine Labs IPO Listing & Refund Schedule
| Event | Date |
|---|---|
| IPO Open Date | 7 November 2025 |
| IPO Close Date | 11 November 2025 |
| Allotment Finalization | 12 November 2025 |
| Refunds Initiation | 13 November 2025 |
| Shares Credit to Demat | 13 November 2025 |
| Listing Date | 14 November 2025 |
About Pine Labs Limited
Pine Labs is a leading merchant commerce platform that provides payment solutions, loyalty programs, and financial services. The company serves millions of merchants across India and Southeast Asia and has strong partnerships with banks and payment networks.
Analyst Outlook
Analysts believe Pine Labs has a solid business model backed by steady revenue growth from digital payment solutions and merchant financing. However, short-term listing gains may depend on broader market trends and final subscription figures.
Conclusion
The Pine Labs IPO allotment status will be available on 12 November 2025 through the KFin Technologies portal. Investors are advised to keep their application details ready to check allotment results.
While the IPO response has been moderate, Pine Labs’ long-term fintech potential and strong digital infrastructure could make it a worthwhile investment.
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