Pine Labs IPO Subscription Status
Pine Labs IPO was subscribed 2.46 times when bidding closed on 11 Nov 2025: QIB 4x, NII 0.3x, Retail 1.22x.
The Pine Labs IPO has been subscribed 2.46x times overall. Retail investors have shown interest with bids for 1.22x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.3x. Within NII, Big HNI (B-HNI) subscribed 0.24x and Small HNI (S-HNI) subscribed 0.4x. Qualified Institutional Buyers (QIBs) have subscribed 4x. Data last updated on 27 Aug, 12:02 PM.
The IPO subscription period has ended. The issue opened on 07 Nov, 2025 and closes on 11 Nov, 2025. The shares are expected to list on stock exchanges on 14 Nov, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of 5,24,42,127 4,636.42 Cr | 4.00x |
| NII | - of 2,71,91,602 177.48 Cr | 0.30x |
| Retail | - of 1,81,27,735 489.36 Cr | 1.22x |
| Employee | - of 1,32,275 21.50 Cr | 7.35x |
| TOTAL | - 2,15,039 applications 5,324.75 Cr | 2.46x |
Pine Labs IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹221.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 1.81x subscribed | 2,15,039 | 2,14,770 | AllAll allotted |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 82% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
11 Nov 2025
Day 3 |
2.48x | ▼ | |
|
QIB3.97x
BHNI-
SHNI-
Retail1.27x
|
|||
|
10 Nov 2025
Day 2 |
0.55x | ▼ | |
|
QIB0.63x
BHNI-
SHNI-
Retail0.91x
|
|||
|
07 Nov 2025
Day 1 |
0.13x | ▼ | |
|
QIB0.02x
BHNI-
SHNI-
Retail0.57x
|
|||
Pine Labs IPO dates
From the bidding window to listing. Today is 3 October.
- Open 07 Nov 2025
- Close 11 Nov 2025
- Allotment 12 Nov 2025
- Refund/credit 13 Nov 2025
- Listing 14 Nov 2025
Pine Labs IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Pine Labs IPO?
As of IPO close date (11 Nov, 2025), the Pine Labs IPO is subscribed 2.46x times. Retail category is 1.22x, and NII is 0.30x subscribed.
When is the allotment date for Pine Labs IPO?
The allotment for Pine Labs IPO is expected to be finalized on 12 November, 2025.
When will Pine Labs IPO list on the stock market?
Pine Labs is scheduled to list on BSE and NSE on 14 November, 2025.
What are the chances of getting allotment in Pine Labs IPO?
The retail category is oversubscribed at 1.22x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 4x mean for Pine Labs IPO?
Moderate — QIBs have subscribed 4x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Pine Labs IPO allotment status?
After the allotment date (12 Nov, 2025), you can check your Pine Labs IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Pine Labs IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
