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Pine Labs IPO Subscription Details

Bookbuilding IPO | ₹3,900 Cr | Listed at BSE, NSE | Fri, Nov 7, 2025 - Tue, Nov 11, 2025

Basis of Allotment - Pine Labs IPO

Category QIB NII Retail Employees Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)5,29,05,9927,93,58,98613,22,64,97888,17,6651,76,35,3302,64,52,9951,76,35,3301,25,00017,64,78,303
Allotment price (Rs.)221221221221221221221200221
No.of applications41711123,0645823,6462,10,2381,0432,15,039
No.of shares applied20,97,58,1068,09,86,51829,07,44,62435,55,02041,92,39177,47,4112,10,97,7643,88,26531,99,78,064
Amount collected (Rs.cr.)4,635.65 1,789.80 6,425.46 78.57 92.65 171.22 466.26 7.77 7,071.04
No.of times subscribed3.961.022.200.400.240.291.203.111.81
No.of shares allotted6,94,10,9207,93,58,98614,87,69,90635,55,02041,92,39177,47,4111,98,35,9861,25,00017,64,78,303
Amount (Rs.cr.)1,533.98 1,753.83 3,287.81 78.57 92.65 171.22 438.38 2.50 3,899.91
No.of allottees41711123,0645823,6462,10,2387742,14,770

IPO Shares Offered

Pine Labs IPO is a public issue of 17.65 Cr equity shares. The issue offers 1.76 Cr shares to retail investors, 13.23 Cr shares to qualified institutional buyers, and 2.65 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 13,22,64,9782,923.06 74.95%
    Anchor 7,93,58,986 1,753.83 44.97%
    QIB (Ex Anchor) 5,29,05,992 1,169.22 29.98%
NII 2,64,52,995584.61 14.99%
    bNII (> ₹10L)1,76,35,330389.74 9.99%
    sNII (< ₹10L)88,17,665194.87 5.00%
Retail1,76,35,330389.74 9.99%
Employee1,25,0002.76 0.07%
Total17,64,78,3033,900.17 100%

Pine Labs IPO Anchor Investor Allocation

A total of 7,93,58,986 shares at a price of Rs 221 per share will be allotted to the anchor investors.

Anchor investors bid opening dateNov 06, 2025
Anchor investor price₹221.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days3,96,79,493
No. of shares locked-in for 90 days3,96,79,493

📑 Anchor Investor Allotment Letter

📊 Historic report - IPOs Anchor Investors Investment & Performance

S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 SBI MIDCAP FUND SBI MUTUAL FUND 1,04,07,579 230.01 13.08 5.90
2 SBI BANKING & FINANCIAL SERVICES FUND SBI MUTUAL FUND 27,14,907 60.00 3.41 1.54
3 NOMURA INDIA INVESTMENT FUND MOTHER FUND NOMURA 56,56,140 125.00 7.11 3.21
4 NOMURA FUNDS IRELAND PLC-NOMURA FUNDS IRELAND-ASIA EX JAPAN HIGH CONVICTION FUND NOMURA 11,31,228 25.00 1.42 0.64
5 TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC TEMPLETON 19,93,317 44.05 2.50 1.13
6 TEMPLETON DEVELOPING MARKETS TRUST TEMPLETON 11,26,672 24.90 1.42 0.64
7 FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON ASIAN SMALLER COMPANIES FUND FRANKLIN TEMPLETON 7,20,183 15.92 0.90 0.41
8 FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS FUND FRANKLIN TEMPLETON 6,39,649 14.14 0.80 0.36
9 TEMPLETON EMERGING MARKETS FUND TEMPLETON 8,57,801 18.96 1.08 0.49
10 FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON BRIC FUND FRANKLIN TEMPLETON 4,48,833 9.92 0.56 0.25
11 TEMPLETON INTERNATIONAL EMERGING MARKETS FUND TEMPLETON 4,08,901 9.04 0.51 0.23
12 TEMPLETON GLOBAL INVESTMENT TRUST-TEMPLETON EMERGING MARKETS SMALL CAP FUND TEMPLETON 3,01,969 6.67 0.38 0.17
13 FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS SMALLER COMPANIES FUND FRANKLIN TEMPLETON 2,90,043 6.41 0.36 0.16
14 FRANKLIN TEMPLETON FUNDS-FTF TEMPLETON GLOBAL EMERGING MARKETS FUND FRANKLIN TEMPLETON 2,26,259 5.00 0.28 0.13
15 IPROFILE EMERGING MARKETS PRIVATE POOL MANAGED BY FRANKLIN TEMPLETON INVESTMENTS IPROFILE 2,26,259 5.00 0.28 0.13
16 FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST-TEMPLETON DEVELOPING MARKETS VIP FUND FRANKLIN TEMPLETON 2,26,259 5.00 0.28 0.13
17 FUNDPARTNER SOLUTIONS (SUISSE) SA-MIGROS-PENSIONSKASSE FONDS-AKTIEN WELT FUNDPARTNER SOLUTIONS (SUISSE) SA 2,26,259 5.00 0.28 0.13
18 ADITYA BIRLA SUN LIFE LARGE CAP FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 45,59,685 100.77 5.73 2.58
19 ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 11,42,082 25.24 1.44 0.65
20 ADITYA BIRLA SUN LIFE BUSINESS CYCLE FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 10,85,601 23.99 1.36 0.62
21 MIRAE ASSET MIDCAP FUND MIRAE ASSET MUTUAL FUND 36,19,943 80.00 4.55 2.05
22 MIRAE ASSET BANKING & FINANCIAL SERVICES FUND MIRAE ASSET MUTUAL FUND 9,04,969 20.00 1.14 0.51
23 MASSACHUSETTS INSTITUTE OF TECHNOLOGY MASSACHUSETTS INSTITUTE OF TECHNOLOGY 29,41,166 65.00 3.70 1.67
24 MASSACHUSETTS INSTITUTE OF TECHNOLOGY BASIC RETIREMENT PLAN TRUST MASSACHUSETTS INSTITUTE OF TECHNOLOGY 6,78,777 15.00 0.85 0.38
25 HSBC SMALL CAP FUND HSBC MUTUAL FUND 18,05,114 39.89 2.27 1.02
26 HSBC FOCUSED FUND HSBC MUTUAL FUND 6,49,833 14.36 0.82 0.37
27 HSBC BUSINESS CYCLES FUND HSBC MUTUAL FUND 4,69,335 10.37 0.59 0.27
28 HSBC FINANCIAL SERVICES FUND HSBC MUTUAL FUND 4,69,335 10.37 0.59 0.27
29 ICICI PRUDENTIAL LIFE INSURANCE CO.LTD. ICICI PRUDENTIAL LIFE INSURANCE 24,88,715 55.00 3.13 1.41
30 TATA MULTI ASSET ALLOCATION FUND TATA MUTUAL FUND 13,57,487 30.00 1.71 0.77
31 TATA DIGITAL INDIA FUND TATA MUTUAL FUND 11,31,228 25.00 1.42 0.64
32 BNP PARIBAS FINANCIAL MARKETS-ODI BNP PARIBAS 22,62,456 50.00 2.84 1.28
33 BAJAJ ALLIANZ LIFE INSURANCE CO.LTD. BAJAJ ALLIANZ LIFE INSURANCE 20,36,264 45.00 2.56 1.15
34 DSP INDIA FUND-INDIA LONG / SHORT STRATEGY FUND WITH CASH MANAGEMENT OPTION DSP 18,10,072 40.00 2.27 1.03
35 GAGANDEEP CREDIT CAPITAL PVT.LTD. GAGANDEEP CREDIT CAPITAL 11,31,228 25.00 1.42 0.64
36 SARASWATI COMMERCIAL (INDIA) LTD. SARASWATI COMMERCIAL 6,78,777 15.00 0.85 0.38
37 CUSTODY BANK OF JAPAN,LTD.RE: RB AMUNDI INDIA SMALL CAP EQUITY MOTHER FUND AMUNDI 13,57,487 30.00 1.71 0.77
38 AXIS MAX LIFE INSURANCE LTD.-ULIF 00125/06/04 LIFEGROWTH104-GROWTH FUND AXIS MAX LIFE INSURANCE 6,78,777 15.00 0.85 0.38
39 AXIS MAX LIFE INSURANCE LTD.-ULIF 00225/06/04 LIFEBALANC 104-BALANCED FUND AXIS MAX LIFE INSURANCE 6,78,710 15.00 0.85 0.38
40 EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND EASTSPRING 13,57,487 30.00 1.71 0.77
41 FRANKLIN INDIA OPPORTUNITIES FUND FRANKLIN TEMPLETON MUTUAL FUND 13,57,487 30.00 1.71 0.77
42 MIRAE ASSET INDIA MIDCAP EQUITY FUND MIRAE 10,40,711 23.00 1.31 0.59
43 MIRAE ASSET INDIA SMALL-MID CAP FOCUS EQUITY MASTER INVESTMENT TRUST MIRAE 9,05,036 20.00 1.14 0.51
44 MIRAE ASSET TU INDIA PRIVATELY PLACED MASTER INVESTMENT TRUST MIRAE 3,16,709 7.00 0.40 0.18
45 AXIS INNOVATION FUND AXIS MUTUAL FUND 6,52,714 14.42 0.82 0.37
46 AXIS BUSINESS CYCLES FUND AXIS MUTUAL FUND 4,78,581 10.58 0.60 0.27
47 BANDHAN SMALL CAP FUND BANDHAN MUTUAL FUND 5,65,614 12.50 0.71 0.32
48 BANDHAN FINANCIAL SERVICES FUND BANDHAN MUTUAL FUND 5,65,614 12.50 0.71 0.32
49 ADITYA BIRLA SUN LIFE INSURANCE CO.LTD. ADITYA BIRLA SUN LIFE INSURANCE 11,31,228 25.00 1.42 0.64
50 EDELWEISS RECENTLY LISTED IPO FUND EDELWEISS MUTUAL FUND 5,65,681 12.50 0.71 0.32
51 EDELWEISS MULTI CAP FUND EDELWEISS MUTUAL FUND 3,16,709 7.00 0.40 0.18
52 EDELWEISS LARGE & MID CAP FUND EDELWEISS MUTUAL FUND 2,03,613 4.50 0.26 0.12
53 EDELWEISS ELSS TAX SAVER FUND EDELWEISS MUTUAL FUND 45,225 1.00 0.06 0.03
54 MORGAN STANLEY ASIA (SINGAPORE) PTE.-ODI MORGAN STANLEY 9,05,068 20.00 1.14 0.51
55 ABAKKUS FLEXI EDGE FUND 1 ABAKKUS 9,05,036 20.00 1.14 0.51
56 AMUNDI FUNDS NEW SILK ROAD AMUNDI 9,05,036 20.00 1.14 0.51
57 BARODA BNP PARIBAS AGGRESSIVE HYBRID FUND BARODA BNP PARIBAS MUTUAL FUND 4,52,518 10.00 0.57 0.26
58 BARODA BNP PARIBAS BUSINESS CYCLE FUND BARODA BNP PARIBAS MUTUAL FUND 4,52,518 10.00 0.57 0.26
59 MOTILAL OSWAL INNOVATION OPPORTUNITIES FUND MOTILAL OSWAL MUTUAL FUND 5,43,035 12.00 0.68 0.31
60 MOTILAL OSWAL DIGITAL INDIA FUND MOTILAL OSWAL MUTUAL FUND 3,62,001 8.00 0.45 0.21
61 SUSQUEHANNA PACIFIC PTY.LTD. SUSQUEHANN 9,05,036 20.00 1.14 0.51
62 PGIM INDIA SMALL CAP FUND PGIM INDIA MUTUAL FUND 3,50,946 7.76 0.44 0.20
63 PGIM INDIA ELSS TAX SAVER FUND PGIM INDIA MUTUAL FUND 1,64,887 3.64 0.21 0.09
64 PGIM INDIA MULTI CAP FUND PGIM INDIA MUTUAL FUND 91,455 2.02 0.11 0.05
65 PGIM INDIA RETIREMENT FUND PGIM INDIA MUTUAL FUND 17,152 0.38 0.02 0.01
66 AMUNDSEN DIVERSIFIED MASTER FUND ICAV AMUNDSEN 4,52,518 10.00 0.57 0.26
67 BHARTI AXA LIFE INSURANCE CO.LTD. BHARTI AXA LIFE INSURANCE 4,52,518 10.00 0.57 0.26
68 MANULIFE GLOBAL FUND-INDIA EQUITY FUND MANULIFE 4,52,518 10.00 0.57 0.26
69 INTEGRATED CORE STRATEGIES (ASIA) PTE.LTD. INTEGRATED CORE 4,52,518 10.00 0.57 0.26
70 RELIANCE GENERAL INSURANCE CO.LTD. RELIANCE GENERAL INSURANCE 4,52,518 10.00 0.57 0.26
7,93,58,9861,753.8310044.97

IPO Subscription FAQs

The Pine Labs IPO is subscribed 2.48 times by Nov 11, 2025 17:04.

Pine Labs IPO Subscription

Investor Category Subscription (times)
Qualified Institutional3.97
Non Institutional0.3
Retail Individual1.27
Employee Reservations7.78
Total Subscription2.48

Retail category of Pine Labs IPO subscribed 1.27 times as of date Nov 11, 2025 17:04. The public issue closes on Tue, Nov 11, 2025 for bidding.

An investor can apply in Pine Labs IPO online via bank (using ASBA) or the broker (using UPI). The Pine Labs IPO shares are offered online only.

The Pine Labs IPO is subscribed 2.48 times by Nov 11, 2025 17:04.

The Pine Labs IPO allotment status is expected on or around Wednesday, November 12, 2025. Visit Pine Labs IPO allotment status to check.

The Pine Labs IPO listing date is November 14, 2025. The equity share of Pine Labs IPO will list on BSE, NSE.

Visit Pine Labs IPO subscription status page for real-time bidding information about Pine Labs IPO.

Pine Labs IPO Timetable

IPO opens OnFriday, November 7, 2025
IPO Closes OnTuesday, November 11, 2025
Finalisation of Basis of AllotmentWednesday, November 12, 2025
Initiation of RefundsThursday, November 13, 2025
Credit of Shares to Demat AccountThursday, November 13, 2025
IPO Listing DateFriday, November 14, 2025

Read more about Pine Labs IPO

IPO Details
IPO Recommendations
IPO Live Subscription
IPO Live News
IPO Allotment Status
IPO Basis of Allotment Document
IPO FAQs

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