Pine Labs Ltd. IPO Details – Price, Date, GMP & Analysis
Pine Labs Ltd. IPO Overview
Company Overview
Pine Labs is a leading Indian merchant commerce platform offering point-of-sale solutions, payment processing, and merchant financing services. Founded in 1998 and based in Noida, it serves a diverse range of businesses, from small retailers to large enterprises. As of June 30, 2025, Pine Labs had 988,304 merchants, 716 consumer brands, and 177 financial institutions as clients, including major names like Amazon Pay and HDFC Bank. The company has transitioned from a card-based payment provider to a comprehensive fintech platform, contributing significantly to India's cashless economy.
IPO Timeline
Opens
Nov 7
Closes
Nov 11
Allotment
Nov 12
Refunds
Nov 13
Shares Credit
Nov 13
Listing
Nov 14
Opens
Nov 7
Closes
Nov 11
Allotment
Nov 12
Refunds
Nov 13
Shares Credit
Nov 13
Listing
Nov 14
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 3.97x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 0.30x | Undersubscribed |
| RII (Retail Individual Investors) | 1.27x | Oversubscribed |
| Total Subscription | 2.48x | Oversubscribed |
Last updated: Nov 11, 2025, 05:06 PM
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Assets | ₹10,715.74 Cr | ₹10,715.74 Cr | ₹9,648.56 Cr | ₹9,363.21 Cr |
| EBITDA | ₹356.72 Cr | ₹356.72 Cr | ₹158.2 Cr | ₹196.8 Cr |
| NET Worth | ₹2,244.27 Cr | ₹2,244.27 Cr | ₹2,035.24 Cr | ₹1,764.77 Cr |
| Profit After Tax | ₹145.49 Cr | ₹145.49 Cr | ₹341.9 Cr | ₹265.15 Cr |
| Total Borrowing | ₹829.49 Cr | ₹829.49 Cr | ₹532.92 Cr | ₹329.51 Cr |
| Total Income | ₹2,327.09 Cr | ₹2,327.09 Cr | ₹1,824.16 Cr | ₹1,690.44 Cr |
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Growth led by large merchant network and omnichannel capabilities
- Market leadership in digitizing commerce with diversified product ecosystem of digital infrastructure, transaction, issuing and acquiring platform
- Consistent growth in Gross Transaction Volumes
- Strong institutional backing and consistent investment in technology
IPO Details
Pine Labs IPO Details
| Employee Discount | ₹21.00 |
| Face Value | ₹1 per share |
| Fresh Issue | 9,41,17,647 shares (aggregating up to ₹2,080.00 Cr) |
| IPO Date | November 7, 2025 to November 11, 2025 |
| Issue Price Band | ₹210 to ₹221 per share |
| Issue Price Final | ₹221 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | November 14, 2025 |
| Lot Size | 67 Shares |
| Offer for Sale | 8,23,48,779 shares of ₹1 (aggregating up to ₹1,819.91 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 1,14,82,64,500 shares |
| Share Holding Pre Issue | 1,05,41,46,853 shares |
| Total Issue Size | 17,64,66,426 shares (aggregating up to ₹3,899.91 Cr) |
Pine Labs IPO Reservation
Share Reservation Distribution
Pine Labs IPO Promoter Holding
| Promoter Holding Post Issue | 0% |
| Promoter Holding Pre Issue | 0% |
Pine Labs IPO Listing Details
| BSE Listing Group | B (Rolling) |
| BSE Script Code | 544606 |
| Final Issue Price | ₹221 per share |
| ISIN | INE15B701018 |
| Listing Date | November 14, 2025 |
| NSE Listing Group | EQ (Rolling) |
| NSE Symbol | PINELABS |
Key Dates
