Pine Labs Limited – IPO
Pine Labs Limited – IPO Details
| IPO Date | November 7, 2025 to November 11, 2025 |
| Listing Date | November 14, 2025 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 210 to ₹ 221 / Share |
| Lot Size | 67 Shares |
| 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 | Bookbuilding 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 |
| Market Maker portion |
Pine Labs Limited Timeline (Tentative Schedule)
Pine Labs Limited IPO opens on November 7, 2025, and closes on November 11, 2025.
| IPO Open Date | November 7, 2025 |
| IPO Close Date | November 11, 2025 |
| Basis of Allotment | November 12, 2025 |
| Initiation of Refunds | November 13, 2025 |
| Credit of Shares to Demat | November 13, 2025 |
| Listing Date | November 14, 2025 |
| Cut-off time for UPI mandate confirmation | November 11, 2025 |
Pine Labs Limited IPO Lot Size
Investors can bid for a minimum of 67 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | Rs.14,807 |
| Retail (Max) | 13 | 871 | Rs.192,491 |
| S-HNI (Min) | 14 | 938 | Rs.207,298 |
| S-HNI (Max) | 67 | 4,489 | Rs.992,069 |
| B-HNI (Min) | 68 | 4,556 | Rs.1,006,876 |
| HNI (Min) |
Pine Labs Limited IPO Promoter Holding
| Share Holding Pre Issue | |
| Share Holding Post Issue |
Pine Labs Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | At least 75% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Pine Labs Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Pine Labs Limited
Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services. Pine Labs empowers businesses of all sizes—from small retailers to large enterprises—with digital payment technologies and value-added services.
Key Offerings:
- Smart POS Devices – Accept multiple forms of payments, including credit/debit cards, UPI, mobile wallets, and EMIs.
- Buy Now Pay Later (BNPL) – Offers instant EMI solutions at the point of sale for various consumer goods.
- Merchant Financing – Provides short-term working capital loans to merchants through partnerships with financial institutions.
- Loyalty and Gift Solutions – Enables brands to offer loyalty programs, digital gift cards, and promotional campaigns.
- E-commerce and Online Payment Tools – Offers APIs and payment gateway services to support digital stores and apps.
As of June 30, 2025, the company had 988,304 merchants, 716 consumer brands and enterprises, and 177 financial institutions. It has served top consumer brands, including Amazon Pay, LG Electronics, Flipkart Internet Private Limited and Redington. Under the financial institutions, its key customer base includes HDFC Bank, Axis Bank and ICICI Bank.
Pine Labs has evolved from a card-based payment solution provider to a comprehensive fintech platform, playing a key role in India's shift to a cashless, digitally empowered retail economy.
Competitive strengths
- Ecosystem which brings together merchants, consumer brands and enterprises, and financial institutions enabling commerce transactions
- Full stack, cloud-based, scalable digital infrastructure and transaction platform
- Deep partnerships with large merchants, consumer brands and enterprises, and financial institutions.
- Experienced, professional management team
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | -4.15% |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -1.38 | |
| P/E (x) |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 202,5 that is available in RHP.
Objects of the Issue (Pine Labs Limited IPO Objectives)
Pine Labs Limited Contact Details
Pine Labs Ltd. Unit No. 408, 4th Floor, Time Tower, MG Road, DLF QE Gurgaon, Haryana, 122002 Phone: +91 22 6986 3600 Email: [email protected] Website: http://www.pinelabs.com/ |
Pine Labs Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |