Pine Labs IPO Allotment Finalised: Key Details for Investors
The share allotment for the highly anticipated Pine Labs Initial Public Offering (IPO) has been officially finalised. The process was completed on Wednesday, November 12, marking a critical milestone for investors who participated in the public issue.
Applicants can now proceed to check their allotment status to see if they have been allocated shares. The official registrar for the IPO, Kfin Technologies Ltd, is managing the allotment process. According to data from the Bombay Stock Exchange (BSE), the IPO received a subscription of 2.46 times on its final day of bidding, indicating a moderate level of investor interest.
Grey Market Premium and Listing Price Analysis
The current Grey Market Premium (GMP) for the Pine Labs IPO stands at ₹1. This figure is crucial for estimating the potential listing gains. Considering the upper end of the IPO price band, which is ₹221 per share, and the current premium, the estimated listing price is projected to be around ₹222 apiece. This represents a marginal increase of 0.45% over the IPO price.
An analysis of the grey market trends over the past 11 sessions reveals a significant downward trajectory. The GMP, which once reached a peak of ₹60 as noted by market experts, has now dwindled to just ₹1, with its lowest point being recorded at ₹0.00.
Post-Allotment Process: Refunds and Demat Credit
The company will follow specific allocation guidelines based on the number of shares available. For investors who were not successful in the allotment process, the refund procedure will begin on Thursday, November 13. This ensures that funds are returned promptly to unsuccessful applicants.
For the fortunate allottees, the shares will be credited directly to their demat accounts on the same day, Thursday, November 13. The final step for investors is the listing of Pine Labs shares on the stock exchanges, which is scheduled for Friday, November 14.
How to Check Your Pine Labs IPO Allotment Status
Investors have multiple avenues to check their IPO allotment status. The primary method is through the registrar's portal.
On Kfin Technologies Website:
- Visit the official Kfin Tech portal at: https://ipostatus.kfintech.com/.
- Select the 'Pine Labs IPO' from the dropdown menu labeled 'Select IPO'.
- Choose your preferred method of identification: Application Number, Demat Account Number, or PAN.
- Enter the required details along with the captcha code and submit to view your status.
On BSE Website:
- Go to the BSE's allotment page: https://www.bseindia.com/investors/appli_check.aspx.
- Select 'Equity' under 'Issue Type'.
- Choose 'Pine Labs' from the 'Issue Name' dropdown.
- Enter your Application Number or PAN to check the status.
On NSE Website:
- Access the NSE IPO status page at: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
- If you are a new user, sign up using your PAN card details.
- Log in with your username, password, and the captcha code.
- On the subsequent page, select the Pine Labs IPO and enter your Application Number or PAN to view the allocation status.
