Pine Labs Limited Link 
Allotment
The Pine Labs IPO will open on November 7, 2025, and close on November 11, 2025. It is a book-built issue, through which the company aims to raise approximately ₹3,899.91 crore, consisting of a fresh issue of ₹2,080 crore and an offer for sale of up to 82,348,779 equity shares with a face value of ₹1 each.
The price band is set between ₹210 and ₹221 per share, with allocations of 75% for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 10% for retail investors. The shares are proposed to be listed on the BSE and NSE on November 14, 2025, with the allotment expected on November 12, 2025.
Financially, Pine Labs reported revenue of ₹2,327.09 crore in FY2025, up from ₹1,824.16 crore in FY2024. The company narrowed its net loss to ₹145.49 crore in FY2025, compared to a loss of ₹341.90 crore in FY2024, reflecting improved operational performance.
Given the company’s growth trajectory and improving financials, the Pine Labs IPO is considered suitable for long-term investors.
₹221
0%
Open
₹221
HIgh - Low
₹221
Previous Close
₹221
Total Traded Value
0
52 Weeks High
₹221
52 Weeks Low
₹221
Updates On
Nov 5, 2025
IPO. Open
Nov 7, 2026
IPO. Close
Nov 11, 2026
IPO. Price
₹221.00
IPO Market price
₹25,376.65 Cr
IPO Details
| IPO Date | 14 Nov |
| IPO Listing Date | 14 Nov |
| IPO Face Value | ₹1.00 per share |
| IPO Price Range | ₹221.00 |
| IPO Issue Size | 17,64,78,303 shares |
| IPO Sale Type | Fresh Capital-cum-Offer for Sale |
| Employee Discount | ₹21.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 1,05,41,46,853 shares |
IPO Timeline
| IPO Open Date | 7 Nov |
| IPO Close Date | 11 Nov |
| IPO Allotment (Tentative) | 12 Nov |
| Refunds | 13 Nov |
| Credit to Demat Account | 13 Nov |
| IPO Listing Date | 14 Nov |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 5,24,42,127 |
| NII (HNI) Shares Offered | 2,71,91,602 |
| Retail Shares Offered | 1,81,27,735 |
IPO Lot Size
Investors can bid for a minimum of 67 shares, with additional shares in multiples of 67.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| 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 Limited, incorporated in 1998 and headquartered in Noida, India, is a leading merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services. The company supports businesses of all sizes, from small retailers to large enterprises, empowering them with digital payment technologies and value-added services.
Key Offerings
* Smart POS Devices: Accept multiple payment modes including credit/debit cards, UPI, mobile wallets, and EMIs.
* Buy Now Pay Later (BNPL): Provides instant EMI solutions at the point of sale for various consumer goods.
* Merchant Financing: Short-term working capital loans to merchants through partnerships with financial institutions.
* Loyalty & Gift Solutions: Enables brands to offer loyalty programs, digital gift cards, and promotional campaigns.
* E-commerce & Online Payment Tools: APIs and payment gateways for digital stores and apps.
As of June 30, 2025, Pine Labs served 988,304 merchants, 716 consumer brands and enterprises, and 177 financial institutions. Its major merchant clients include Amazon Pay, LG Electronics, Flipkart, and Redington, while financial institution partners include HDFC Bank, Axis Bank, and ICICI Bank.
Competitive Strengths
* Integrated ecosystem connecting merchants, consumer brands, enterprises, and financial institutions
* Full-stack, cloud-based, scalable digital infrastructure supporting high-volume transactions
* Strong partnerships with top merchants, brands, and banks
* Experienced and professional management team
* Evolved from a card-based payment solution to a comprehensive fintech platform, contributing to India’s shift toward cashless and digitally empowered retail
Company Financials (Consolidated)
| Assets | 10,904.32 | 10,715.74 | 9,648.56 |
| Total Income | 653.08 | 2,327.09 | 1,824.16 |
| Profit After Tax | 4.79 | -145.49 | -341.9 |
| EBITDA | 120.56 | 356.72 | 158.2 |
| NET Worth | 2,327.55 | -2,244.27 | -2,035.24 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 888.74 | 829.49 | 532.92 |
Key Performance Indicator (KPI)
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | -4.15% |
| PAT Margin | - |
| EBITDA Margin | 15.68% |
| Price to Book Value | -9.85 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 626.33 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Pine Labs Limited
Unit No. 408,
4th Floor, Time Tower,
MG Road, DLF QE
Gurgaon, Haryana, 122002
Phone: +91 22 6986 3600
Email: cosecy@pinelabs.com
Website: http://www.pinelabs.com/
Detail Registrar
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
The Pine Labs IPO opened on November 7, 2025, closed on November 11, 2025, with allotment on November 12 and listing on BSE and NSE on November 14, 2025.
The IPO price was fixed at ₹221 per share. Retail investors could apply for a minimum of 67 shares, requiring an investment of ₹14,807.
The IPO size was approximately ₹3,900 crore, comprising a fresh issue of ₹2,080 crore along with an offer for sale of 8.23 crore equity shares.
Pine Labs reported revenue of ₹2,327.09 crore in FY2025, with net losses narrowing significantly, indicating improving operational efficiency and progress toward profitability.
With a strong fintech platform, large merchant network, improving financials, and leadership in digital payments, the Pine Labs IPO appears suitable for long-term investors with risk appetite.
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