Pine Labs IPO
Pine Labs IPO is listed on BSE and NSE, priced at ₹210–₹221 per share. The stock debuted at ₹242, delivering a listing gain of 9.5%. The IPO had a lot size of ₹67 shares and a minimum investment of ₹14,807.
Pine Labs Limited IPO
- IPO Dates
- Nov 7, 2025 – Nov 11, 2025
- Price band
- ₹210-221 per equity share
- Minimum Investment
- ₹14,807
- Issue size
- ₹3899.91 Cr
- Lot size
- 67
- Allotment Date
- Nov 12, 2025
- Listing
- Nov 14, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Nov 7, 2025
Open Date
Completed
-
Nov 11, 2025
Close Date
Completed
-
Nov 12, 2025
Allotment Date
Completed
-
Nov 14, 2025
Listing Date
Completed
Price Summary
- Last closing
- 157.10 (-28.91%)
- 52 week high
- 284.00
- 52 week low
- 151.12
- Last update
Pine Labs IPO Subscription Details
View Subscription DetailsPine Labs IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Pine Labs IPO Essentials
Pine Labs IPO Details
Pine Labs IPO is priced at ₹210-221 per share with a total issue size of 3899.91 crore. The IPO has a lot size of 67 shares and is listed on BSE and NSE.
- Issue price
- ₹210-221 per equity share
- Lot size
- 67 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- Total 3,899.91 Cr :
#Fresh Issue : 9,41,17,647 shares(aggregating up to ₹2,080.00 Cr) +
#OFS : 8,23,48,779 shares of ₹1(aggregating up to ₹1,819.91 Cr) - Total issue size
- 17,64,66,426 shares
(aggregating up to ₹3899.91 crore) - Fresh issue
- 9,41,17,647 shares
(aggregating up to ₹2080 crore) - Offer for sale (OFS)
- 8,23,48,779 shares
(aggregating up to ₹1819.91 crore) - Listing at
- BSE, NSE
- List price
- 242.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Ltd
- Lead manager
-
Axis Capital Ltd, Morgan Stanley India Co.Pvt.Ltd., Citigroup Global Markets India Pvt.Ltd., JP Morgan India Pvt.Ltd, Jefferies India Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 67 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 67 | ₹14,807 |
| Retail(max) | 13 | 871 | ₹1,92,491 |
| sHNI(min) | 14 | 938 | ₹2,07,298 |
| sHNI(max) | 67 | 4,489 | ₹9,92,069 |
| sHNI(min) | 68 | 4,556 | ₹10,06,876 |
Pine Labs IPO Reservation
Pine Labs IPO reservation details show category-wise allocation of shares. Out of the total 176466427 shares, approximately 29.98% are reserved for QIB, 14.99% for NII, 9.99% for retail investors, 0.07% for employees, and 44.97% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 79358986 (44.97%) | |
| QIB Shares Offered | 52897083 (29.98%) | |
| NII (HNI) Shares Offered | 26451214 (14.99%) | |
| bHNI > ₹10L | 17634143 (10%) | 18800 |
| sHNI < ₹10L | 8817071 (NA%) | 9400 |
| Retail Shares Offered | 17634143 (9.99%) | 263196 |
| Employee Shares Offered | 125000 (0.07%) | |
| Total Shares Offered | 176466427 (100%) |
Pine Labs IPO Analytics
Pine Labs IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Pine Labs IPO Subscription Status
Pine Labs IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 2.48x, indicating moderate demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,28,97,083 |
2,64,51,214
1,76,34,143
88,17,071
|
1,76,34,143 | 9,71,07,440 |
|
Day 1
07-11-25 05:00 PM
|
0.02 x |
0.07x
0.03x
0.14x
|
0.59 x | 0.14 x |
|
Day 2
10-11-25 05:00 PM
|
0.63 x |
0.12x
0.07x
0.24x
|
0.91 x | 0.55 x |
|
Day 3
11-11-25 05:00 PM
|
3.97 x |
0.30x
0.25x
0.42x
|
1.26 x | 2.48 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 235711 (Approx) | 0.03x | 0.34x | 0.86x |
Pine Labs Valuations
Earnings
- EPS Pre IPO
- ₹-1.38/-
Returns
- RoNW
- -4.15%
Fundamentals
- Market Cap
- 25376.65 Cr.
Pine Labs Financials( In Crs.)
| 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 10,904.32 | 10,715.74 | 9,648.56 | 9,363.21 |
| Revenue | 653.08 | 2,327.09 | 1,824.16 | 1,690.44 |
| Profit After Tax | 4.79 | -145.49 | -341.90 | -265.15 |
| Total Borrowing | 888.74 | 829.49 | 532.92 | 329.51 |
Pine Labs Company & Offer Insights
About Pine Labs
Pine Labs is a top Indian merchant commerce company offering point-of-sale (POS) solutions, payment processing, and financing for merchants. Established in 1998 with its headquarters in Noida, India, Pine Labs enables small, medium, and large businesses to pay and get paid through digital payment technologies and value-added services.
Main Products/Services:
Smart POS Devices – Accept multiple types of payments such as credit/debit cards, UPI, mobile wallets, and EMIs.
Buy Now Pay Later (BNPL) – Provides point of sale instant EMI solutions on consumer products.
Merchant Financing – Provides short-term working capital financing to merchants in association with financial institutions.
Loyalty and Gift Solutions – Allows brands to offer loyalty initiatives, electronic gift cards, and promotional campaigns.
E-commerce and Online Payment Tools – Provides APIs and payment gateway services to enable digital stores and apps.
As on Jun 30, 2025, the company had 988,304 merchants , 716 consumer brands and enterprises, and 177 financial institutions. It has processed payments for leading consumer brands like Amazon Pay, LG Electronics, Flipkart Internet Private Limited and Redington. In the financial institutions segment, its major customer base consists of HDFC Bank, Axis Bank and ICICI Bank.
Pine Labs has grown from a card-based payment solution company to a full-fledged fintech platform, leading the charge for India's transition to a cashless, digitally empowered retail economy.
Pine Labs IPO Issue Objectives
- •
- Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries – ₹532.0 Cr
- •
- Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India – ₹60.0 Cr
- •
- Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs – ₹760.0 Cr
- •
- General corporate purposes and unidentified inorganic acquisitions
Pine Labs IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Pine Labs | N/A | N/A | -4.15% | 2274 |
| One97 Communications (Paytm) | N/A | -110.98 | -4.69% | 6900 |
| Zaggle Prepaid | N/A | 48.8 | 9.64% | 1303 |
Pine Labs IPO - Strengths and Risks
Pine Labs IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Pine Labs
+91 22 6986 3600
Unit No. 408, 4th Floor, Time Tower, MG Road, DLF QE, Gurgaon, Haryana, 122002
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Pine Labs IPO is a book-built IPO worth ₹3899.91 crore. The price band is ₹210–₹221 per share. The IPO opens on Nov 7, 2025 and closes on Nov 11, 2025. It will be listed on BSE and NSE. Kfin Technologies Ltd is the registrar.
The price band of Pine Labs IPO is ₹210 to ₹221 per share.
The lot size of Pine Labs IPO is 67 shares.
The minimum investment for Pine Labs IPO is approximately ₹14,807 based on the upper price band .
Pine Labs IPO opens on Nov 7, 2025 and closes on Nov 11, 2025.
The allotment date of Pine Labs IPO is Nov 12, 2025.
Pine Labs IPO is expected to be listed on Nov 14, 2025, on BSE and NSE .
Pine Labs IPO listed on Nov 14, 2025. It was issued at ₹242.0(NSE) and is currently around ₹157.10 as on 14-May-2026 3:30 PM, which is approximately -28.9% versus issue price. The 52-week high is ₹284.00.
Based on listing and post-listing performance, Pine Labs IPO delivered around -28.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Pine Labs IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Pine Labs IPO valuation snapshot: P/E N/A, EPS N/A, P/B N/A, RoNW -4.15%, and market cap 25376.65 Cr.
To apply for Pine Labs IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Pine Labs IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Pine Labs IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Pine Labs IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Pine Labs IPO allotment status on IPO Ji for quick and easy access.