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
Subscription data will be available when the IPO opens for bidding.
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
| Face Value | ₹1 per share |
| Fresh Issue | [.] shares (aggregating up to ₹2,080.00 Cr) |
| IPO Date | November 7, 2025 to November 11, 2025 |
| Issue Price Band | [.] to [.] per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | [.] |
| Lot Size | |
| Offer for Sale | 8,23,48,779 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Pre Issue | 1,05,41,46,853 shares |
Pine Labs IPO Reservation
Key Dates
