Pine Labs IPO Details
The Pine Labs IPO is a book build issue with a total issue size of ₹3899.91 cr, comprising of fresh issue of 94117647 equity shares., and a offer for sale of 82348779 equity shares. Pine Labs IPO opened for subscription on Nov 07, 2025 and closed on Nov 11, 2025. Pine Labs IPO is set price band at ₹210 to ₹221 per share, with a lot size of 67 shares. Minimum investment for Retail investors was ₹14,807.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 12, 2025, and listed on both the NSE and BSE on Nov 14, 2025.
Kfin Technologies Limited has been appointed as the registrar. Citigroup Global Markets India Private Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited and Jefferies India Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Pine Labs IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 210 – 221
- Lot Size
- 67
- Issue Size
- ₹3899.91 Cr
- Minimum Investment
- ₹14807 (67 Shares)
- Listing Date
- 14 November 2025
Current GMP
₹5 (+2.26%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Pine Labs Limited
Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform that provides innovative point-of-sale (POS) solutions, payment processing, and merchant financing services. The company empowers businesses of all sizes—from small retailers to large enterprises—with cutting-edge digital payment technologies and a suite of value-added services that drive efficiency and growth.
Key Offerings
- Smart POS Devices:
Accepts multiple forms of payment, including credit and debit cards, UPI, mobile wallets, and EMI options, offering flexibility and convenience to both merchants and customers. - Buy Now, Pay Later (BNPL):
Provides instant EMI solutions at the point of sale, enabling consumers to purchase a wide range of goods through easy financing options. - Merchant Financing:
Offers short-term working capital loans to merchants through partnerships with leading financial institutions, supporting business liquidity and expansion. - Loyalty and Gift Solutions:
Delivers digital loyalty programs, gift cards, and promotional campaign tools that help brands engage and retain customers. - E-commerce and Online Payment Tools:
Provides APIs and payment gateway services that support online stores and mobile applications, ensuring seamless digital payment experiences.
Business Scale and Partnerships
As of June 30, 2025, Pine Labs served:
- 988,304 merchants across India and international markets
- 716 consumer brands and enterprises
- 177 financial institutions
The company’s clientele includes prominent consumer brands such as Amazon Pay, LG Electronics, Flipkart Internet Private Limited, and Redington, as well as major banking partners like HDFC Bank, Axis Bank, and ICICI Bank.
Evolution and Impact
Over the years, Pine Labs has evolved from a card-based payment solution provider into a comprehensive fintech platform, playing a pivotal role in advancing India’s transition to a cashless and digitally empowered retail economy.
Pine Labs IPO Promoters
Company does not have identifiable promoters
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Pine Labs IPO Objective
The Company Pine Labs IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries
- Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India
- Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs
- General corporate purposes and unidentified inorganic acquisitions
Address / Contact Info
Pine Labs Ltd.
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/
IPO Snapshot
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Pine Labs IPO is a Book-building IPO with a total issue size of ₹3899.91 crore. The Pine Labs IPO price band is ₹210 to 221 per share. The Pine Labs IPO subscription opens on Fri, Nov 7, 2025, and closes on Tue, Nov 11, 2025. The Pine Labs IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Pine Labs IPO .
The Pine Labs IPO opens on Fri, Nov 7, 2025 and closes on Tue, Nov 11, 2025
Pine Labs IPO Price Band is ₹210 to 221 per share.
Pine Labs IPO lot size is 67 shares, Retail investors need a minimum investment of ₹14807 based on the upper price band
The minimum investment for Pine Labs IPO is ₹14807, based on one lot of 67 shares at the upper price band of ₹221 per share.
Investors can apply for the Pine Labs IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Nov 11, 2025. The application amount remains blocked until the Pine Labs IPO allotment is finalized.
Pine Labs IPO issue size is ₹3899.91 crores.
Pine Labs IPO allotment date is Wed, Jul 1, 2026.
The registrar for Pine Labs IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Pine Labs IPO allotment status, refund processing, and other IPO-related information.
The Pine Labs IPO GMP (Grey Market Premium) is ₹5 as of Fri, Nov 14, 2025. Based on the upper price band of ₹221 per share, the estimated Pine Labs IPO listing price is ₹226, indicating a potential listing gain of approximately 0% over the issue price.