Pine Labs: Category QIB offered 5,28,97,084 shares, applied 20,97,92,544 shares, with a subscription of 3.97x, and total amount raised is 4,636.42 Cr. Category HNI offered 2,64,51,214 shares, applied 80,30,754 shares, with a subscription of 0.30x, and total amount raised is 177.48 Cr. Category BHNI (10L+) offered 1,76,34,143 shares, applied 43,66,323 shares, with a subscription of 0.25x, and total amount raised is 96.50 Cr. Category SHNI (2L - 10L) offered 88,17,071 shares, applied 36,64,431 shares, with a subscription of 0.42x, and total amount raised is 80.98 Cr. Category Retail offered 1,76,34,143 shares, applied 2,21,42,763 shares, with a subscription of 1.26x, and total amount raised is 489.36 Cr. Category Employees offered 1,25,000 shares, applied 9,72,706 shares, with a subscription of 7.78x, and total amount raised is 21.50 Cr. Category Total offered 9,71,07,441 shares, applied 24,09,38,767 shares, with a subscription of 2.48x, and total amount raised is 5,324.75 Cr.
Pine Labs: For BHNI (10L+), 18,800 shares were reserved, 599 were applied, and the subscription was 0.03x. For SHNI (2L - 10L), 9,400 shares were reserved, 3,156 were applied, and the subscription was 0.34x. For Retail, 2,63,196 shares were reserved, 2,20,598 were applied, and the subscription was 0.84x. For Employees, - shares were reserved, 6,195 were applied, and the subscription was -. Total applications received were 2,30,548.
| Category | Offered | Applied | Times | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| QIB | 5,28,97,084 | 20,97,92,544 | 3.97x | 4,636.42 |
| HNI | 2,64,51,214 | 80,30,754 | 0.30x | 177.48 |
| BHNI (10L+) | 1,76,34,143 | 43,66,323 | 0.25x | 96.50 |
| SHNI (2L - 10L) | 88,17,071 | 36,64,431 | 0.42x | 80.98 |
| Retail | 1,76,34,143 | 2,21,42,763 | 1.26x | 489.36 |
| Employees | 1,25,000 | 9,72,706 | 7.78x | 21.50 |
| Total | 9,71,07,441 | 24,09,38,767 | 2.48x | 5,324.75 |
Last Updated : 11 Nov, 2025 05:57:00 PM
| Category | Reserved | Applied | Times |
|---|---|---|---|
| BHNI (10L+) | 18,800 | 599 | 0.03x |
| SHNI (2L - 10L) | 9,400 | 3,156 | 0.34x |
| Retail | 2,63,196 | 2,20,598 | 0.84x |
| Employees | - | 6,195 | - |
Total Applications: 230548
IPO Investor Categories
- Qualified Institutional Buyers (QIB)
Institutions like banks, mutual funds, insurance companies, and other SEBI-registered entities fall under the QIB category. They typically invest large sums on behalf of clients or schemes. - Non-Institutional Investors (NII)
This group includes high-net-worth individuals (HNIs), NRIs, trusts, and companies that apply for shares worth more than ₹2 lakhs. Unlike QIBs, SEBI registration is not required.NII is further split into:
- sNII (Applications below ₹10 Lakhs)
Investors bidding between ₹2 lakhs and ₹10 lakhs fall in the Small NII (sHNI) bracket. One-third of the NII portion is set aside for them. - bNII (Applications above ₹10 Lakhs)
Investors applying for more than ₹10 lakhs are classified as Big NIIs (bHNI). Two-thirds of the NII shares are allocated to this sub-category.
- sNII (Applications below ₹10 Lakhs)
- Retail Individual Investors (RII)
Individuals or NRIs applying for shares up to ₹2 lakhs are considered retail investors and are part of the RII quota. - Employee (EMP)
This section is reserved for eligible employees of the company participating in the IPO. - Others
Includes eligible shareholders or specific investors with a reserved quota as per the IPO policy.
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