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Explore how Pine Labs Ltd’s IPO is progressing through its subscription period, including category-wise investor demand, price band details, key IPO dates, and complete steps to apply through ASBA or UPI.
The Pine Labs IPO opened for subscription on November 7, 2025, marking one of the most anticipated mainboard offerings of the year. As a leading fintech and merchant payment solutions company, Pine Labs’ IPO has drawn attention for its scale, digital innovation, and pan-India network reach.
The ₹3,899.91 crore public issue is entirely an offer for sale (OFS), priced between ₹210 and ₹221 per share, with a face value of ₹1. On Day 1, the IPO witnessed subdued institutional activity and modest retail interest.
On the opening day, Pine Labs Ltd’s IPO recorded an overall subscription of 0.07x, with the Employee Reserved segment leading participation. Retail and NII bids remained limited as investors awaited further market cues.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
0.33x |
Non-Institutional Investors (NII) |
0.03x |
Employee Reserved |
1.61x |
Employee participation helped steady early sentiment, while institutional bids are expected to gain momentum closer to the closing date.
The Pine Labs Ltd IPO price band is set between ₹210 and ₹221 per equity share, with a face value of ₹1 per share. Investors can place bids for a minimum of 67 shares (1 lot) and in multiples of 67 shares thereafter.
At the upper price limit, one lot amounts to an investment of ₹14,807, making the issue accessible for retail and employee investors seeking participation in one of India’s leading fintech platforms.
This structured lot size enables small investors to take part in the digital payments growth story, while allowing institutional and high-net-worth investors to scale their bids according to their portfolio strategy and risk appetite.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
67 |
₹14,807 |
S-HNI (Min) |
14 |
938 |
₹2,07,254 |
S-HNI (Max) |
66 |
4,422 |
₹9,77,262 |
B-HNI (Min) |
67 |
4,489 |
₹9,92,069 |
The IPO’s structure aims to encourage wide participation across investor categories — from individual retail participants looking to invest in India’s booming fintech sector to institutional investors seeking long-term exposure to digital financial infrastructure.
For detailed insights and live subscription updates, visit the Pine Labs IPO on Bajaj Markets.
The following timeline outlines all key IPO events for investors — from the opening of bids to the final listing date:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
November 7, 2025 |
Subscription opens |
IPO Close Date |
November 11, 2025 |
Final day to apply |
Basis of Allotment |
November 12, 2025 |
Allotment finalisation |
Refunds Initiation |
November 13, 2025 |
Refund initiation |
Credit of Shares |
November 13, 2025 |
Shares credited to Demat |
Listing Date |
November 14, 2025 |
Expected listing on NSE/BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Pine Labs Ltd IPO through ASBA (via Net Banking) or UPI (through broker platforms). Both are SEBI-approved, secure, and completely paperless processes.
Follow these steps to apply through your bank’s ASBA facility:
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Pine Labs Ltd IPO’ from the list.
Enter the number of lots and your bid price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Once shares are allotted, the amount will be debited, and shares will reflect in your Demat account.
You can also apply through trading or investment apps that support UPI-based IPO applications:
Log in to your Demat account or trading account on your broker platform.
Navigate to the IPO section and select ‘Pine Labs Ltd IPO’.
Enter your bid details, including lots and price.
Provide your UPI ID linked to your bank account.
Approve the mandate request in your UPI app (e.g., BHIM, Google Pay, PhonePe).
The funds will be blocked until allotment and debited only if shares are allotted.
Upon allotment, shares will be credited to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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