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14 Nov, 2025
Pine Labs IPO
Pine Labs IPO is launching its IPO that will be open on November 7, 2025 and will close on November 11, 2025. Pine Labs IPO is a book-build issue of ₹3,899.91 crores. The issue is a combination of a fresh issue of shares and an offer for sale of shares. The price band is set at ₹210 to ₹221 per share. The lot size for an application is 67 and the minimum amount required by an individual investor is ₹14,807 (67 shares). Pine Labs IPO will list on BSE and NSE, with a tentative listing date fixed as November 14, 2025 and the IPO is expected to be finalized on November 12, 2025.
Company Background
Pine Labs Ltd., established in 1998, is a leading merchant commerce platform with a main operational hub that includes a large corporate headquarters in Noida, UP, India. This company offers multiple services, like smart POS devices, buy now pay later (BNPL), merchant financing, gift solutions, and e-commerce and online payment tools. The company provides services to all types of businesses—from small retailers to large corporations. In 2025, this company will serve top consumer brands like Amazon Pay, LG Electronics, and Flipkart. In financial institutions, its key consumer base includes HDFC Bank, Axis Bank, and ICICI Bank.
Operations And Product Range
Facility And Production
Pine Labs is an Indian fintech company that operates through corporate offices and development centers with high-resilience, cloud-based technology platforms rather than large-scale physical production facilities for hardware manufacturing. There are facilities of R&D labs, customer support infrastructure, and data centers that are designed to support a boundless network of merchant bankers and channels. Pine Labs’ production focuses on software development and hardware sourcing.
Brands And Market Presence
Pine Labs IPO has a strong presence in India, particularly in the offline Pay Later segment. As of 2025, it serves 988,000 merchants and has a growing international footprint by expanding into countries like the U.S., UAE, and Singapore. This brand focuses on technological solutions, marketing campaigns, and merchant empowerment. The company has long-standing relationships with major Indian brands and banks.
Revenue Channels of Pine Labs IPO
- • Transaction processing and settlement fee and payment from lending platforms.
- • Income from selling payment devices like POS machines.
- • Income from gifting solutions, loyalty programs, and other digital offerings.
- • Revenue generation by providing services.
- • Income generation from interest on deposits and investments.
Management And Shareholding
Promoters And Shareholding
Pine Labs has effective promoters and shareholders who hold the majority of the company’s shares. The promoters and shareholders of Pine Labs focus on the main priorities of the company, which are: debt reduction, balance sheet strengthening, and international expansion with technology build-out. Their effective management makes the business model run smoothly with consistent growth and expansion.
Board Members
Pine Labs' board and senior management focus on expansion and credibility of the company in the market. The board members of the company are B. Amrish Rau and Lokvir Kapoor, both of whom work in the company with experience and effective management. The board members of Pine Labs focus on the expansion and product portfolio of the company, with international growth and strategic partnerships with large corporations.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Pine Labs IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Pine Labs IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 7, 2025 to November 11, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 17,64,66,426 shares (aggregating up to ₹3,899.91 Cr) |
| Fresh Issue(Ex Market Maker) | 9,41,17,647 shares (aggregating up to ₹2,080.00 Cr) |
| Offer for Sale | 8,23,48,779 shares of ₹1 (aggregating up to ₹1,819.91 Cr) |
| Employee Discount | ₹21.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,05,41,46,853 shares |
| Share Holding Post Issue | 1,14,82,64,500 shares |
Pine Labs IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Nov 7, 2025 |
| IPO Close Date | Tue, Nov 11, 2025 |
| Tentative Allotment | Wed, Nov 12, 2025 |
| Initiation of Refunds | Thu, Nov 13, 2025 |
| Credit of Shares to Demat | Thu, Nov 13, 2025 |
| Tentative Listing Date | Fri, Nov 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 11, 2025 |
Pine Labs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 67 | ₹14,807 |
| Individual investors (Retail) (Max) | 13 | 871 | ₹1,92,491 |
| S-HNI (Min) | 14 | 938 | ₹2,07,298 |
| S-HNI (Max) | 67 | 4,489 | ₹9,92,069 |
| B-HNI (Min) | 68 | 4,556 | ₹10,06,876 |
Pine Labs IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Pine Labs' ecosystem is effective and efficient in enabling commerce transactions in the market.
- • Attractive and effective transaction platform with digital infrastructure
- • Strong networking with large corporations and financial institutions.
- • An experienced and professional management team that helps in effective management.
Pine Labs IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 10,904.32 | 653.08 | 4.79 | 2,327.55 | 888.74 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 10,715.74 | 2,327.09 | -145.49 | -2,244.27 | 829.49 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 9,648.56 | 1,824.16 | -341.90 | -2,035.24 | 532.92 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 9,363.21 | 1,690.44 | -265.15 | -1,764.77 | 329.51 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -4.15% |
| EBITDA Margin | 15.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -1.38 | |
| P/E (x) |
Objectives
- • Debt repayment of the company’s borrowing and subsidiaries' borrowings.
- • Investment in subsidiaries for expansion outside India and in equipment for the development of the company.
- • General corporate purposes of the company.
Conclusion
Pine Labs IPO offers an opportunity to invest in a growing company that has a deep partnership with large merchants and scalable digital infrastructure and transaction platforms. This company shows consistent revenue increase, and its experienced and professional management team focuses on expansion and growth of the company.
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Frequently asked Questions (FAQs )
-
What are the Pine Labs IPO dates and price band?
Pine Labs IPO subscription opens from Nov 7, 2025 and closes on Nov 11, 2025. The price band of the Pine Labs is between ₹210.00 to ₹221.00 per share.
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Where will the Pine Labs IPO be listed?
Pine Labs IPO will be listed on the BSE, NSE platforms of the Indian stock exchange market.
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What exactly does Pine Labs do?
Pine Labs is an Indian fintech company that provides technology and financial solutions to both offline and online merchant managers in their payment management.
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How much is the Pine Labs IPO size and Issue type?
Pine Labs' IPO size is INR 3,899.91 Cr and the issue type of shares is a bookbuilding IPO.
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What is the lot size of the Pine Labs IPO?
The lot size of Pine Labs IPO is 67 shares.
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How will the Pine Labs IPO proceeds be used?
The IPO proceeds will be used for debt repayment, investment in IT assets and general corporate expenses.
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