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Pine Labs IPO subscribed 2.45 times so far on Day 3: Check allotment date and steps

Kamal Joshi
By Kamal Joshi

3 min read | Updated on November 11, 2025, 16:00 IST

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SUMMARY

Pine Labs IPO is looking to raise ₹3,899.91 crore by offering new equity shares valued at ₹2,080 crore and an offer for sale (OFS) of ₹1,819.91 crore by existing investors.

Pine Labs is a leading commerce and financial technology company. | Image: LinkedIn/Pine Labs

Pine Labs is a leading commerce and financial technology company. | Image: LinkedIn/Pine Labs

Pine Labs IPO: The initial public offering of online payment solutions provider Pine Labs has been subscribed 2.45 times so far on the final day of bidding on Tuesday, November 11.

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It has received bids for 24,01,11,317 shares compared to 9,78,93,739 shares on offer, according to the NSE data until 4:00 pm.

The portion for retail individual investors got subscribed 1.19 times, and the category for qualified institutional buyers (QIBs) fetched 4 times subscription. The part for non-institutional investors (NIIs) got subscribed to 29%.

With a price band of ₹210 to ₹221 per share, a lot consists of 67 shares.

The company is seeking to raise ₹3,899.91 crore by offering new equity shares valued at ₹2,080 crore and an offer for sale (OFS) of ₹1,819.91 crore by existing investors.

The fresh issue proceeds will be utilised for repayment of debt and investment in certain subsidiaries, IT assets, technology and cloud infrastructure. A part will also be used for unidentified inorganic acquisitions and general corporate purposes.

Pine Labs, a leading commerce and financial technology company, is involved in digitising payments through point-of-sale (POS) solutions, issuing solutions for consumer brands, merchants and financial institutions.

Pine Labs IPO allotment and listing dates

Pine Labs IPO's basis of allotment is expected to be finalised on Wednesday, November 12. The company's shares will be listed on the stock exchanges on November 14.

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How to check Pine Labs IPO allotment status on KFin Technologies

  • Visit the bid finalisation page of KFin Technologies: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ section, pick ‘Pine Labs Ltd’
  • Add IPO application number / Demat account number / PAN
  • Click on ‘Submit’

Steps to check Pine Labs IPO allotment status on BSE

Pine Labs IPO allotment status on NSE

Pine Labs IPO GMP

According to media reports and investorgain.com, unlisted shares of Pine Labs are trading at par with the upper price band of ₹221.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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