1. Home
  2. IPO
  • Pine Labs Ltd Ipo
77096
Off
Pine Labs Ltd logo

Pine Labs IPO

  • Status: Closed
  • RHP:
  • ₹ 14,070 / 67 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    14 Nov 2025

  • Listing Price

    ₹242.00

  • Listing Change

    9.50%

  • Last Traded Price

    ₹240.61

Pine Labs IPO Details

  • Open Date

    07 Nov 2025

  • Close Date

    11 Nov 2025

  • Listing Date

    14 Nov 2025

  • IPO Price Range

    ₹ 210 to ₹221

  • IPO Size

    ₹ 3899.91 Cr

  • Listing Exchange

    BSE NSE

Open Free Demat Account

+91
Resend OTP

By proceeding, you agree to all T&C*

hero_form
Timeline Financials SWOT FAQ Contacts

Pine Labs IPO Timeline

Pine Labs IPO Subscription Status

Last Updated: 11 November 2025 5:18 PM by 5paisa

Pine Labs Limited, launching a ₹3,899.91 Cr IPO, is a leading Indian merchant commerce platform that empowers businesses of all sizes with innovative digital payment solutions. Its offerings include smart POS devices that accept multiple payment modes, Buy Now Pay Later (BNPL) options for instant EMIs, and merchant financing through trusted partners. Pine Labs also provides loyalty and gift card solutions, along with e-commerce APIs and payment gateway tools to enhance digital transactions and customer engagement.

Established in: 1998

Managing Director: B. Amrish Rau

Peers:

Name of the company Pine Labs Limited One97 Communications Limited
(“Paytm”)		 Zaggle Prepaid Ocean Services
Limited (“Zaggle”)
Revenue from Operation(₹ in Cr) 2274.27 6900.40 1303.76

Face Value

 1 1 1
P/ E [●] -110.98 48.87
EPS Basic (₹) -1.45 -10.35 6.99
EPS Diluted (₹) -1.45 -10.35 6.96
RoNW(%) -4.15 -4.69 9.64
NAV(₹ per share) -22.43 235.54 99.25


 

Pine Labs Objectives

1. The company will repay or prepay certain borrowings – ₹532 crore.

2. Funds will support overseas expansion via key subsidiaries – ₹60 crore.

3. ₹760 crore will be invested in IT and technology upgrades.

4. Remaining funds will go towards general and inorganic growth.

Pine Labs IPO Size

Types Size
Total IPO Size ₹3,899.91 Cr
Offer For Sale ₹1,819.91 Cr
Fresh Issue ₹2,080.00 Cr

Pine Labs IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 67 14,070
Retail (Max) 13 871 1,92,491
S-HNI (Min) 14 938 1,96,980
S-HNI (MAX) 67 4,489 9,92,069
B-HNI (Min) 68 4,556 9,56,760

Pine Labs IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 3.97 5,28,97,083 20,97,92,544    4,636.415
Non-Institutional Buyers 0.30     2,64,51,214     80,30,754     177.480
bNII (bids above ₹10L) 0.25     1,76,34,143     43,66,323     96.496
sNII (bids below ₹10L) 0.42     88,17,071     36,64,431     80.984
Retail Investors 1.27     1,76,34,143     2,23,73,578     494.456
Total** 2.48     9,71,07,440     24,11,69,515    5,329.846

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 1597.66 1769.55 2274.27
EBITDA 196.80 158.20 356.72
PAT -265.15 -341.90 -145.49
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 9363.21 9648.56 10715.74
Share Capital 0.02 0.10 0.10
Total Liabilities 5624.22 6106.63 7209.59
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities -152.36 -229.01 49.72
Net Cash Generated From / (used in) investing activities -370.84 45.04 -159.15
Net Cash Generated From / (used in) financing activities 2.34 -219.51 -201.08
Net Increase (Decrease) In Cash And Cash Equivalents -520.86 -403.47 -310.52


Strengths

1. Strong presence in India’s digital payment ecosystem.

2. Diverse offerings across POS, BNPL, and financing.

3. Trusted by major retailers and enterprise clients.

4. Robust technology infrastructure and innovation focus.

Weaknesses

1. High dependence on merchant transaction volumes.

2. Limited brand visibility among smaller merchants.

3. Intense competition from fintech and payment players.

4. Operational costs for hardware and service maintenance.

Opportunities

1. Growing adoption of digital payments in India.

2. Expansion potential in Southeast Asia and UAE.

3. Rising demand for BNPL and merchant credit.

4. Integration with e-commerce and online marketplaces.

Threats

1. Rapid regulatory changes in fintech landscape.

2. Cybersecurity risks and data privacy concerns.

3. Competitive pressure from global payment giants.

4. Economic slowdowns affecting merchant transaction volumes.

1. Strong leadership in India’s merchant payment ecosystem.

2. Diversified revenue streams across fintech solutions.

3. High growth potential in international markets.

4. Focused investment in technology and digital innovation.

Pine Labs is strategically positioned within India’s rapidly expanding digital payments ecosystem. With a strong foothold across POS solutions, BNPL services, and merchant financing, the company has demonstrated consistent innovation and scalability. Its planned IPO aims to fuel technological upgrades, international expansion, and product diversification, positioning Pine Labs to capitalise on increasing digital payment adoption and fintech-driven opportunities across domestic and global markets.

Upcoming IPOs

View all IPOs
  • Companies
  • Type
  • Opening On

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
Resend OTP

By proceeding, you agree to all T&C*

footer_form

FAQs

Pine Labs IPO opens from November 7, 2025 to November 11, 2025.

The size of Pine Labs IPO is ₹3,899.91 Cr.

The price band of Pine Labs IPO is fixed at ₹210 to ₹221 per share. 

To apply for Pine Labs IPO, follow the steps given below:

1. Login to your 5paisa demat account and select the issue in the current IPO section    

2. Enter the number of lots and the price at which you wish to apply for the Pine Labs. IPO.    

3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Pine Labs IPO is of 67 shares and the investment required is ₹14,070.

The share allotment date of Pine Labs IPO is November 12, 2025

The Pine Labs IPO will likely be listed on November 14, 2025.

Axis Capital Ltd is the book running lead managers for Pine Labs IPO.

Pine Labs IPO plans to utilise the raised capital from the IPO for:

1. The company will repay or prepay certain borrowings – ₹532 crore.

2. Funds will support overseas expansion via key subsidiaries – ₹60 crore.

3. ₹760 crore will be invested in IT and technology upgrades.

4. Remaining funds will go towards general and inorganic growth.