Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 2.48x·QIB 3.97x·NII 0.30x·Retail 1.26x
Retail is currently subscribed 0.86× by applications, so retail applicants are likely to receive a full allotment, subject to the issue achieving its minimum subscription.
Pine Labs Limited Mainboard IPO was subscribed 2.48x in total when bidding closed on Nov 11, 2025, with 3.97x in the QIB category, 0.3x in NII, 1.26x in retail across BSE and NSE. The issue is oversubscribed, indicating healthy demand across investor categories. The issue ran from Nov 7, 2025 to Nov 11, 2025 at a price band of ₹210–₹221 per share. Allotment was finalised on Nov 12, 2025.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 52897083 | 209792544 | 3.97 |
| NIIs | 26451214 | 8030754 | 0.3 |
| BNIIs (>10L) | 17634143 | 4366323 | 0.25 |
| SNIIs (<10L) | 8817071 | 3664431 | 0.42 |
| Retail | 17634143 | 22142830 | 1.26 |
| Employee | 125000 | 972706 | 7.78 |
| Total | 97107440 | 240938834 | 2.48 |
| Total Applications2,35,711 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 18,800 | 598 | 0.03 |
| SNIIs (<10L) | 9,400 | 3,155 | 0.34 |
| Retail | 2,63,196 | 2,25,653 | 0.86 |
| Employee | - | 6,195 | - |
| Total Applications2,35,711 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 1169.03 | 4636.42 | 3.97 |
| FIIs | - | 1921.21 | - |
| DIIs | - | 295.41 | - |
| Mutual Funds | - | 2397.06 | - |
| Others | - | 22.73 | - |
| NIIs | 584.57 | 177.48 | 0.3 |
| BNIIs (>10L) | 389.71 | 96.5 | 0.25 |
| SNIIs (<10L) | 194.86 | 80.98 | 0.42 |
| Retail | 389.71 | 489.36 | 1.26 |
| Employee | 2.76 | 21.5 | 7.78 |
| TOTAL | 2146.07 | 5324.75 | 2.48 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
7 Nov 2025
5:00 PM
|
0.02x |
0.07x
0.03x
0.14x
|
0.59x | 0.14x |
|
Day 2
10 Nov 2025
5:00 PM
|
0.63x |
0.12x
0.07x
0.24x
|
0.91x | 0.55x |
|
Day 3
11 Nov 2025
5:00 PM
|
3.97x |
0.30x
0.25x
0.42x
|
1.26x | 2.48x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 0.03x |
| sHNI | 0.34x |
| Retail | 0.86x |
| Total applications | ~2,35,711 |
Because Pine Labs closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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