Pine Labs IPO Allotment Status Likely To Be Finalised Today: Here’s How To Check Online On NSE, BSE, KFin Tech

Pine Labs IPO Allotment Status Today: The initial public offering (IPO) of Pine Labs received a decent response from investors during its three-day subscription window between November 7 and 11. The basis of share allotment is scheduled to be finalised today, November 12.

Investors who applied for Pine Labs IPO can check their allotment status on the websites of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), or the registrar to the issue, KFin Technologies.

Following the allotment, refunds for unsuccessful applicants will be initiated on November 13, while successful bidders will see shares credited to their demat accounts the same day. The company’s shares are set to list on the bourses on November 14. 

Pine Labs IPO GMP Today

The Rs 3,899.91 crore IPO of Pine Labs offered shares with a price band of Rs 210-221 per share. Pine Labs IPO comprised a fresh issue of 94.10 million shares worth Rs 2,080 crore and an offer for sale (OFS) of 82.30 million shares aggregating to Rs 1,819.91 crore.

In the grey market, the company’s shares were last seen trading at a modest premium of Re 1, reflecting a sharp decline in sentiment.

The grey market premium (GMP) for Pine Labs has eroded significantly over the past two weeks, slipping from about Rs 60 on November 1 to just Re 1 now. This represents a fall of more than 98 per cent.

Given the current GMP and the upper band of the issue price, Pine Labs shares are expected to list at Rs 222. This implies a marginal potential listing gain of only 0.45 per cent.

Pine Labs IPO Subscription Details

By the end of the final day of bidding, the Pine Labs IPO was subscribed 2.46 times overall. The qualified institutional buyers (QIBs), who were offered 52.44 million shares, placed bids for 209.79 million shares, subscribing their portion 4 times.

The non-institutional investors (NIIs) category saw tepid interest, with bids for 8.03 million shares against 27.19 million shares on offer, translating into a 0.30 times subscription. Retail investors subscribed 1.22 times, bidding for 22.14 million shares against the 18.12 million shares reserved for them. 

Meanwhile, the employee segment drew strong demand, receiving bids for 9,72,706 shares against 1,32,275 shares reserved for them. This reflects a 7.35 times subscription.

How To Check Pine Labs IPO Allotment Status On NSE

• Head to the NSE website via this link (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Select ‘Equity IPO bid details’

• Opt for 'Pine Labs' from the list of IPOs

• Type in your IPO application number

• Click the 'submit' button

• The allotment status of your application for Pine Labs IPO will be shown

How To Check Pine Labs IPO Allotment Status On BSE Website

• Go to the BSE website’s IPO application status viewing webpage (https://bseindia.com/investors/appli_check.aspx)

• Several issue types will be displayed on your screen

• Choose ‘Equity’ from the menu shown on screen

• Select 'Pine Labs' from list of IPOs

• Input your IPO application number or Permanent Account Number (PAN) details

• Select 'Search'

• The share allotment status will be shown on screen

How To Check Pine Labs IPO Allotment Status Online Via KFin Technologies

• Go to the official website of KFin Technologies

• On the home page, navigate to the "Investor Services" tab and click on "Public Issues"

• Select "Pine Labs IPO" from the drop-down menu

• Enter either of the following details: PAN card number, Application number, depository participant ID/client ID, bank account number / IFSC code

• Click on "Submit"

• Your IPO allotment status will be displayed on the screen