Pine Labs IPO Allotment Status: Check Steps to Verify Status

The basis of allotment for the ₹3,899.91 crore Pine Labs IPO will be announced today, 6 November 2025. The bidding window was open from November 7, 2025, to November 11, 2025, during which the IPO received a total subscription of 2.46 times. 

Procedure to Check Pine Labs IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “PINELABS”.
• Enter your PAN No. and application No.
• Click “Submit”.

Procedure to Check Pine Labs IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Pine Labs LIMITED”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Procedure to Check Pine Labs IPO Allotment Status on Kfin Technologies Limited (Registrar to the Issue):

• Visit the Kfin Technologies’ IPO allotment status page here. 
• Click on any of the links.
• In Select IPO, select “Pine Labs LIMITED”.
• Enter any of the following details.
  • PAN
  • App. No.
  • Demat Account

• Enter the captcha and click “Submit”.

Pine Labs IPO Details

The Pine Labs IPO is a book-building issue of ₹3,899.91 crore, consisting of a fresh issue of ₹2,080 crore and an offer for sale of ₹1,819.91 crore. The price band is set between ₹210 and ₹221 per share.

The booking-running lead managers for the IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Jefferies India Private Limited, while KFin Technologies Limited is the registrar for the issue. 

Use of Proceeds

The net proceeds from the fresh issue will be used towards the following objectives: 

• Repay/prepay outstanding debt
• Investment in subsidiaries, Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding presence outside India
• Invest in IT assets, procurement of digital check-out points (“DCP”) and technology development initiatives
• Fund capital expenditure towards cloud infrastructure
• General corporate purposes
• Unidentified inorganic acquisitions 

Pine Labs IPO Overall Subscription Details

[11-November-2025 19:00:00 hrs]

Pine Labs Business Overview 

Pine Labs is one of India’s leading fintech companies, providing a comprehensive platform for merchants and businesses to manage payments, commerce, and financial services. Their platform enables in-store and online acceptance of digital payments through cards, UPI, wallets, and QR-based solutions. 

In FY 2025, the company processed a Gross Transaction Value (“GTV”) of ₹11,424.97 billion, handling approximately 5.68 billion transactions across its platforms.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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