Pine Labs IPO Details is opening on November 7, 2025, with a price band of ₹210 to ₹221 per share. The company plans to raise ₹3,899.91 crore through a combination of fresh issue and offer for sale. Here are the IPO dates, price band, objectives, lot size, financial details, and listing information in simple and easy language.
We provide simple, easy-to-understand information about upcoming IPOs, stock market updates, and financial news. Our goal is to explain IPO details in plain language so that even beginners can understand everything clearly. We do not give financial advice. We only provide information to help you make better decisions.
IN THIS ARTICLE
Introduction – Pine Labs IPO
Pine Labs Limited, a well-known name in the digital payments and merchant services industry, is all set to launch its Initial Public Offering (IPO) in November 2025. The company plans to raise around ₹3,900 crore. This money will be used for business growth, repayment of loans, technology development, and international expansion. With this IPO, Pine Labs is moving from a privately owned company to a publicly listed company, giving investors a chance to become part of its growth journey.
About Pine Labs Limited
Pine Labs started in 1998 as a small company providing card-based payment and loyalty solutions to shops. Over time, it became one of India’s top fintech companies. Today, Pine Labs offers:
- Point-of-sale (POS) machines used in shops and retail stores
- Digital payment services like UPI and card payments
- Merchant loans and EMI services
- Prepaid, gift card, and loyalty card solutions
- Online payment gateway services for websites and apps
Pine Labs operates in India and many other countries, including Singapore, Malaysia, UAE, Australia, the United States, and Africa. The company works with small businesses, big retail chains, consumer brands, and financial institutions. Leading global investors such as PayPal, Mastercard, and Peak XV Partners have invested in this company.
Pine Labs IPO Details
| Particulars | Details |
|---|---|
| IPO Type | Mainboard, Book-Built Issue |
| Total Issue Size | ₹3,899.91 Crores |
| Fresh Issue | ₹2,080 Crores |
| Offer for Sale (OFS) | ₹1,819.91 Crores |
| Equity Shares Offered | 17.64 Crore Shares |
| Face Value | ₹1 per share |
| Price Band | ₹210 – ₹221 per share |
| Listing At | NSE and BSE |
This IPO is a mix of fresh shares and shares sold by existing investors. The price band is kept between ₹210 and ₹221 per share. After listing, Pine Labs shares will be available for trading on both NSE and BSE.
Objectives of the IPO
| Purpose | Amount (₹ in Crores) |
|---|---|
| Repayment of Borrowings | 532.00 |
| Investment in Technology and Cloud Infrastructure | 760.00 |
| Investment in Overseas Subsidiaries | 60.00 |
| General Corporate Purposes | Remaining Amount |
Pine Labs will use this money to pay off some of its loans, which will reduce interest costs. A good portion will also go toward improving technology, upgrading cloud infrastructure, and supporting international operations. The remaining amount will be used for general business needs.
Pine Labs IPO Dates
| Event | Date | Day |
|---|---|---|
| Anchor Investor Bidding | November 6, 2025 | Thursday |
| IPO Opens | November 7, 2025 | Friday |
| IPO Closes | November 11, 2025 | Tuesday |
| Allotment Finalisation | November 12, 2025 | Wednesday |
| Refunds Start | November 13, 2025 | Thursday |
| Shares in Demat Account | November 13, 2025 | Thursday |
| Listing Date | November 14, 2025 | Friday |
These dates are important for investors. Anyone applying for this IPO must complete their UPI mandate before the closing date. If shares are allotted, they will be credited to the investor’s Demat account on November 13, 2025.
IPO Lot Size and Minimum Investment
| Category | Minimum Lot | Shares | Minimum Investment at ₹221 |
|---|---|---|---|
| Retail Investor | 1 Lot | 67 shares | ₹14,807 |
| Maximum Investment (Retail) | 13 Lots | 871 shares | ₹1,92,491 |
| Employee Category | 1 Lot | 67 shares | ₹14,807 (after ₹21 discount per share) |
Retail investors can buy at least one lot of 67 shares, which costs ₹14,807 at the upper price band. Employees of Pine Labs can apply at a discounted price of ₹21 per share. This makes it slightly more affordable for them.
Financial Performance of Pine Labs
The company has shown strong revenue growth. From FY24 to FY25, total income increased. While the company was making losses earlier, it turned profitable in the nine months ending December 2024. This indicates better business performance and improved financial stability. However, the total borrowings have also increased, which is why the company plans to use part of the IPO funds to reduce debt.
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 10,904.32 | 10,715.74 | 9,648.56 |
| Total Income | 653.08 | 2,327.09 | 1,824.16 |
| Profit / (Loss) After Tax (PAT) | 4.79 | -145.49 | -341.90 |
| EBITDA | 120.56 | 356.72 | 158.20 |
| Net Worth | 2,327.55 | -2,244.27 | -2,035.24 |
| Total Borrowings | 888.74 | 829.49 | 532.92 |
Short note: Numbers above are restated consolidated figures and shown in ₹ Crore.which the company plans to address through IPO proceeds.
Key Performance Snapshot
| KPI | Value |
|---|---|
| Return on Net Worth (RoNW) | -4.15% |
Grey Market Premium (GMP)
As of November 4, 2025, the Pine Labs IPO Grey Market Premium (GMP) is around ₹35 per share. If we add this to the upper price band of ₹221, the expected listing price could be around ₹256 per share. This means possible listing gains of about 15 to 16 percent.
However, GMP is not official data. It is based on informal trading outside the stock exchange. Investors should not depend only on GMP to make investment decisions.
Why Investors Are Interested in Pine Labs IPO
- Pine Labs is a strong and trusted brand in digital payments.
- It has a wide presence in India and international markets.
- Revenue is growing every year.
- The company has recently achieved profitability.
- IPO money will help reduce debt and support technology upgrades.
Risks to Consider Before Investing
- The company faces competition from Paytm, PhonePe, Razorpay, BharatPe, and banks.
- Borrowings are high, and debt needs to be managed carefully.
- Valuation of the IPO may seem high to some investors.
- Profitability is recent and needs to be consistent.
Conclusion
Pine Labs IPO gives investors an opportunity to invest in a leading fintech company that has shown steady growth and has a strong future in digital payments. The company is using its IPO funds for debt reduction, technology improvement, and global expansion, which are positive signs. At the same time, investors should review financial performance, market risks, competition, and valuations before investing.
Disclaimer
This article is for informational and educational purposes only. It is not financial advice. Investors should read the official Red Herring Prospectus (RHP) and consult a financial advisor before making any investment decisions.
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