Pine Labs IPO Date, Review, Price, Allotment Details
The Pine Labs IPO will open for subscription on November 7, 2025, and close on November 11, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹₹3,899.91 crores, including a fresh issue of ₹2,080 crores and an offer for sale of up to 82,348,779 equity shares with a face value of ₹1 each.
The price band for the Pine Labs IPO is set at ₹210 to ₹221 per share. The quota distribution includes 10% for retail investors, 75% for QIBs, and 15% for HNIs. The IPO allotment will be finalized on November 12, 2025, and the listing is scheduled on BSE and NSE on November 14, 2025.
Financially, the company reported revenue of ₹2,327.09 crores in FY 2025, compared to ₹1,824.16 crores in FY 2024. Its net loss narrowed to ₹145.49 crores in 2025, from ₹341.90 crores in 2024, reflecting improved performance. Based on the financial trend, analysts suggest that long-term investors may consider applying for this IPO.
Pine Labs IPO Details
IPO Open Date: November 7, 2025 IPO Close Date: November 11, 2025 Face Value: ₹1 Per Equity Share IPO Price Band: ₹210 to ₹221 Per Share Issue Size: Approx ₹3,899.91 Crores Fresh Issue: Approx ₹2,080 Crores Offer for Sale: Approx 82,348,779 Equity Shares Issue Type: Book Build Issue IPO Listing: BSE & NSE DRHP Draft Prospectus: 
RHP Draft Prospectus:
Pine Labs IPO Market Lot
The minimum market lot for the Pine Labs IPO is [.] shares, requiring an application amount of ₹[.]. Retail investors can apply for up to 13 lots, comprising a total of [.] shares for an amount of ₹[.].
Application Lot Size Shares Amount Retail Minimum 1 67 ₹14,807 Retail Maximum 13 871 ₹1,92,491 S-HNI Minimum 14 938 ₹2,07,298 B-HNI Minimum 68 4556 ₹10,06,876
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor – Shares -% QIB (Ex. Anchor) 5,28,97,083 Shares 75% NII Shares Offered 2,64,51,214 Shares 15% Retail Shares Offered 1,76,34,143 Shares 10%
Pine Labs IPO Anchor Investors
Anchor Bidding Date November 6, 2025 Anchor Investors List Shares Offered 7,93,58,986 Shares Anchor Size 1,753.83 Cr. lock-in period end date 50% shares (30 Days) December 12, 2025 lock-in period end date 50% shares (90 Days) February 10, 2026
Pine Labs IPO Dates
The Pine Labs IPO will open on November 7, 2025, and close on November 11, 2025. The allotment is scheduled to be finalized on November 12, 2025, and the IPO will be listed on the BSE and NSE on November 14, 2025.
IPO Open Date: November 7, 2025 IPO Close Date: November 11, 2025 Basis of Allotment: November 12, 2025 Refunds: November 13, 2025 Credit to Demat Account: November 13, 2025 IPO Listing Date: November 14, 2025 IPO Bidding Cut-off Time: November 11, 2025 – 5 PM
Promoters and Holding Pattern
- Our Company Does Not Have An Identifiable Promoter.
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Repayment/prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries, ₹870 Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia, and Pine Labs UAE, for expanding our presence outside India ₹60 Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs ₹760 General corporate purposes and unidentified inorganic acquisitions –
About Pine Labs IPO
Incorporated in 1998, Pine Labs is one of India’s leading and rapidly growing merchant commerce platforms, offering a comprehensive range of point-of-sale (POS) solutions, payment processing, and merchant financing services. Headquartered in Noida, India, the company caters to businesses of all sizes — from small enterprises to large corporations — by providing innovative digital payment technologies and financial solutions. Pine Labs’ diversified portfolio includes Smart POS Devices, Buy Now Pay Later (BNPL) options, Merchant Financing, Loyalty and Gift Solutions, as well as E-commerce and Online Payment Tools. As of December 31, 2024, the company served over 915,731 merchants, including major consumer brands such as Amazon Pay, LG Electronics, Flipkart Internet Private Limited, and Redington. Additionally, key banking partners like HDFC Bank, Axis Bank, and ICICI Bank are among its prominent clients. Over the years, Pine Labs has evolved from a card payment service provider into a comprehensive fintech platform, supporting India’s transition towards a digital and cashless economy.
Pine Labs IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹1,690.44 ₹1,032.43 ₹265.15 ₹9,363.21 2024 ₹1,824.16 ₹1,402.39 ₹341.90 ₹9,648.56 2025 ₹2,327.09 ₹1,622.80 ₹145.49 ₹10,715.74 June 2025 ₹653.08 ₹1,238.41 ₹4.79 ₹10,904.32
Pine Labs IPO Valuation – FY2025
Check Pine Labs IPO valuations detail like Earnings Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: -% ROCE: -% EBITDA Margin: -% PAT Margin: -% Debt to equity ratio: – Earning Per Share (EPS): ₹(1.45) (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): (4.15)% Net Asset Value (NAV): ₹(22.43)
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income One97 Communications Limited (10.35) (110.98) (4.69) 235.54 6,900.40 Cr. Zaggle Prepaid Ocean Services Limited 6.99 48.87 9.64 99.25 1,303.76 Cr.
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Morgan Stanley India Company Pvt Ltd
- Citigroup Global Markets India Private Limited
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
Company Address
Pine Labs Limited
Unit No. 408,
4th Floor, Time Tower,
MG Road, DLF QE
Gurgaon, Haryana, 122002
Phone: +91 22 6986 3600
Email: cosecy@pinelabs.com
Website: http://www.pinelabs.com/
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/