The Initial Public Offering (IPO) of Pine Labs Ltd opened today and received a modest response on its first day of bidding. The issue was subscribed 11% overall, garnering bids for nearly 1.29 crore shares against an offer size of 9.79 crore shares.
The ₹3,900-crore IPO has attracted notable interest from retail investors, while institutional participation is expected to pick up in the coming days.
Category-wise Subscription (as of Day 1)
- Qualified Institutional Buyers (QIB): 2%
- Non-Institutional Investors (NII): 7%
- Retail Investors: 54%
- Employees: 2.96 times
The strong employee participation and decent retail turnout indicate early investor confidence in the company’s business model and growth prospects.
Grey Market Premium (GMP) Update
According to the latest data, the Pine Labs IPO GMP stood at ₹5.5 as of November 7, 2025 (5:36 PM). With a price band of ₹221, the IPO’s estimated listing price is around ₹226.5, reflecting an expected gain of 2.49% per share.
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | 7th November 2025 |
| IPO Close Date | 11th November 2025 |
| Basis of Allotment Finalisation | 12th November 2025 |
| Refunds Initiation | 13th November 2025 |
| Credit of Shares to Demat Account | 13th November 2025 |
| IPO Listing Date | 14th November 2025 |
About Pine Labs IPO
Pine Labs is a leading merchant commerce platform that provides digital payment and financial services solutions. The company’s IPO has drawn attention due to its strong fintech presence and growth potential in both domestic and international markets.
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