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Pine Labs’ IPO has been subscribed 2.46 times. The total IPO was worth Rs 3899.91 crore, in which new issue was 9.41 crore shares worth Rs 2080 crore and offer for sale was 8.23 crore shares worth Rs 1819.91 crore. Share allotment will be final on 12th November and listing will take place on NSE and BSE on 14th November.
Pine Labs is a technology based payments firm, making digital payments easy for merchants, and also manages loyalty and rewards. The issue of this company got good response from investors. Today, on November 12, 2025, the company will finalize its share allotment. Meaning you will know whether you got shares or not.
This IPO was of Mainboard, it remained open from 7th November to 11th November and was subscribed 2.46 times on the last day. The company offered 9.78 crore shares but more than 24.09 crore were subscribed. Qualified institutional buyers subscribed 4 times, non-institutional ones subscribed only 0.3 times and retail buyers subscribed 1.22 times. The total IPO was worth Rs 3899.91 crore, in which new issue was 9.41 crore shares worth Rs 2080 crore and offer for sale was 8.23 crore shares worth Rs 1819.91 crore. Its price band was Rs 210 to Rs 221 per share and there were 67 shares in one lot. You can easily check the allotment of its shares.
How to check allotment?
- First of all go to BSE’s IPO allotment page – https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ as issue type
- Select Pine Labs from the list
- Enter your application number or PAN
- Check allotment status by clicking ‘Search’
Also check the website of Kfin Technologies
- First go to https://ipostatus.kfintech.com/
- After this, select Pine Labs in IPO name.
- After this enter PAN or application number or demat account number and submit.
- You can also check on NSE through PAN and application, but the company name will be visible only when the allotment is finalized.
Where will the company invest the money raised from IPO?
This company will use this fund to upgrade technology. Apart from this, the money raised from IPO will also be used for loan repayment and international growth.
When will the shares be listed?
The listing of shares will take place on NSE and BSE on Friday, 14 November. The revenue growth of Pine Labs in the financial year 2025 was 28% and the total income of the company has reached Rs 2274 crore. Adjusted EBITDA has increased from Rs 158 crore in FY24 to Rs 357 crore in FY25, showing strong improvement at the operational level. The net loss of the company has also reduced from Rs 342 crore to Rs 109 crore. EBITDA margin was 9.6% and adjusted EBITDA margin was 15.7%.
