How to Check Pine Labs IPO Allotment Status Scheduled for Today November 12?

Pine Labs IPO allotment is set to finalise today November 12, following a successful subscription phase. The IPO was open for subscription from November 7 to November 11, with a price band of ₹210–₹221 per share. It comprised a fresh issue of 9.41 crore shares worth ₹2,080 crore and an offer for sale (OFS) of 8.23 crore shares amounting to ₹1,819.91 crore. The minimum lot size was 67 shares.

Pine Labs IPO Subscribed Over 2x

The ₹3,899.91 crore Pine Labs IPO received an overall subscription of 2.46 times by the close of bidding on Tuesday, according to data from the NSE.

The issue garnered bids for over 24.09 crore shares against 9.78 crore shares available. Among investor categories, Qualified Institutional Buyers (QIBs) subscribed 4 times, Non-Institutional Investors (NIIs) subscribed 0.3 times, and the retail segment saw a subscription of 1.22 times.

Pine Labs plans to utilise the IPO proceeds to enhance its technology infrastructure, repay existing debt, and support international expansion. A portion of the funds will also be allocated toward general corporate purposes.

The transfer of allotted shares to investors’ Demat accounts and the processing of refunds for non-allottees are expected to take place on November 13. Pine Labs shares are scheduled to be listed on the NSE and BSE on Friday, November 14.

How to Check Pine Labs IPO Allotment Status

Investors who participated in the IPO can verify their allotment status online through the BSE, NSE, or the official registrar, Kfin Technologies Ltd.

On BSE

1. Visit the BSE IPO allotment page.
2. Select ‘Equity’ under Issue Type.
3. Choose ‘Pine Labs’ from the Issue Name dropdown.
4. Enter your Application Number or PAN.
5. Click ‘Search’ to view your allotment details.

On Kfin Technologies

1. Visit https://ipostatus.kfintech.com/.
2. Select ‘Pine Labs Ltd’ from the IPO dropdown list.
3. Choose to search via PAN, Application Number, or Demat Account Number.
4. Enter the relevant details and click ‘Submit’ to view your status.

Investors can also check the status on the NSE using their PAN and Application Number. The IPO details will appear only after finalisation of the allotment.

Also Read: SEDEMAC Mechatronics Files DRHP with SEBI for ₹800-1,000 Crore IPO via Offer for Sale

About Pine Labs

Pine Labs Ltd. is a leading technology-driven payments and commerce solutions provider. The company enables merchants, consumer brands, enterprises, and small businesses to process digital payments, manage billing, and run loyalty and rewards programs. Beyond India, Pine Labs has a strong international footprint in Malaysia, Singapore, the UAE, Australia, the United States, and Africa.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.