Pine Labs IPO
Pine Labs IPO is a mainboard IPO raising ₹3,899 Cr at ₹210 – ₹221 a share. It listed on 14 Nov 2025 and trades at ₹155 today, −30.0% against its issue price of ₹221. It was subscribed 2.46× in total.
2.5 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 5,24,42,127 | 20,97,92,544 | 4.00× |
| Foreign Institutional Investors | no separate quota | 8,69,32,768 | n/a |
| Domestic Financial Institutions | no separate quota | 1,33,67,036 | n/a |
| Mutual funds | no separate quota | 10,84,64,290 | n/a |
| Others | no separate quota | 10,28,450 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 2,71,91,602 | 80,30,754 | 0.30× |
| Non Institutional Investors | 1,81,27,735 | 43,66,323 | 0.24× |
| Corporates | no separate quota | 3,47,931 | n/a |
| Individuals | no separate quota | 38,62,550 | n/a |
| Others | no separate quota | 1,55,842 | n/a |
| Non Institutional Investors | 90,63,867 | 36,64,431 | 0.40× |
| Corporates | no separate quota | 49,982 | n/a |
| Individuals | no separate quota | 35,60,313 | n/a |
| Others | no separate quota | 54,136 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,81,27,735 | 2,21,42,830 | 1.22× |
| Cut Off | no separate quota | 1,90,27,464 | n/a |
| Price bids | no separate quota | 31,15,366 | n/a |
| Employees | 1,32,275 | 9,72,706 | 7.35× |
| Cut Off | no separate quota | 7,43,968 | n/a |
| Price Bids | no separate quota | 2,28,738 | n/a |
| Total | 9,78,93,739 | 24,09,38,834 | 2.46× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 06:06 pm IST.
How demand built
Only one reading so far. We sample subscription every hour and store it whenever it moves, so this becomes a curve as bidding runs.