Pine Labs IPO Price: ₹210 to ₹221 per share
IPO Dates: 7th November 2025 – 11th November 2025
Company Overview
Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform offering POS solutions, payment processing, and merchant financing services. It supports businesses ranging from small retailers to large enterprises through digital payment technologies and value-added solutions.
Key Offerings
- Smart POS Devices: Accept credit/debit cards, UPI, mobile wallets, and EMI payments
- Buy Now Pay Later (BNPL): Instant EMI solutions at retail points for consumer purchases
- Merchant Financing: Short-term working capital loans via partnered financial institutions
- Loyalty & Gift Solutions: Loyalty programs, digital gift cards, and promotional tools
- E-commerce Payment Tools: APIs and payment gateway solutions for online transactions
Business Reach
Key consumer brand clients include Amazon Pay, LG Electronics, Flipkart Internet Pvt. Ltd., and Redington.
Major financial institution partners include HDFC Bank, Axis Bank, and ICICI Bank.
As of June 30, 2025:
- 9,88,304 merchants
- 716 consumer brands & enterprises
- 177 financial institutions
Industry Position
Pine Labs has transformed from a card-based payment solutions provider into a comprehensive fintech platform, contributing significantly to India’s digital and cashless retail evolution.
Competitive Strengths
- Ecosystem connecting merchants, brands, enterprises, and financial institutions
- Full-stack, cloud-based, scalable digital infrastructure
- Strong partnerships with leading industry players
- Professional and experienced leadership team
Bidding Starts In
Pine Labs IPO Specifics:
| IPO Date | November 7, 2025 to November 11, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 17,64,66,426 shares (aggregating up to ₹3,899.91 Cr) |
| Fresh Issue | 9,41,17,647 shares (aggregating up to ₹2,080.00 Cr) |
| Offer for Sale | 8,23,48,779 shares of ₹1 (aggregating up to ₹1,819.91 Cr) |
| Employee Discount | ₹21.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,05,41,46,853 shares |
| Share Holding Post Issue | 1,14,82,64,500 shares |
Pine Labs IPO Timetable (Important Dates)
| IPO Open Date | Fri, Nov 7, 2025 |
| IPO Close Date | Tue, Nov 11, 2025 |
| Tentative Allotment | Wed, Nov 12, 2025 |
| Initiation of Refunds | Thu, Nov 13, 2025 |
| Credit of Shares to Demat | Thu, Nov 13, 2025 |
| Listing Date | Fri, Nov 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 11, 2025 |
Pine Labs IPO Lot Size
Bidders have the opportunity to bid for a minimum of 67 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | 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 IPO Reservation
| QIB Shares Offered | At least 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Pine Labs IPO Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 10,904.32 | 10,715.74 | 9,648.56 | 9,363.21 |
| Total Income | 653.08 | 2,327.09 | 1,824.16 | 1,690.44 |
| Profit After Tax | 4.79 | -145.49 | -341.90 | -265.15 |
| EBITDA | 120.56 | 356.72 | 158.20 | 196.80 |
| NET Worth | 2,327.55 | -2,244.27 | -2,035.24 | -1,764.77 |
| Total Borrowing | 888.74 | 829.49 | 532.92 | 329.51 |
Key Performance Indicator – Pine Labs IPO
| KPI | Values |
|---|---|
| RoNW | -4.15% |
| EBITDA Margin | 15.68% |
| EPS | -₹1.38 |
Objects of the Issue:
The company plans to utilize the Net Proceeds from the IPO for the following purposes:
- Repayment or prepayment (full/partial) of borrowings taken by the company and its subsidiaries – ₹532.00 crores
- Investment in subsidiaries (Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE) to expand presence outside India – ₹60.00 crores
- Investment in IT assets, cloud infrastructure, technology development, and procurement of DCPs – ₹760.00 crores
- General corporate purposes and unidentified inorganic acquisitions
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Pine Labs Limited IPO RHP
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