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Pine Labs Limited IPO | Important Dates, Price, and More
Author
Shoonya Team
Pine Labs Limited has opened its ₹3,899.91 crore IPO for subscription on November 7, 2025. This issue will close on November 11, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date of November 14, 2025.
The IPO is a book-built issue, comprising a fresh issue of 9.41 crore shares worth ₹2,080 crore and an offer for sale (OFS) of 8.23 crore shares aggregating to ₹1,819.91 crore.
The price band for the IPO is set between ₹210 and ₹221 per share, with a lot size of 67 shares. For retail investors, the minimum investment is ₹14,807; sNII investors can bid for at least 938 shares (₹2,07,298), and bNII investors must apply for 4,556 shares (₹10,06,876).
Here are the quick steps to apply for the Pine Labs Limited IPO!
Pine Labs Limited | IPO Details
| IPO Details | Information |
| IPO Type | Book Built Issue |
| Issue Size | ₹3,899.91 crore (Fresh Issue + OFS) |
| Price Band | ₹210 – ₹221 per share |
| Face Value | ₹1 per share |
| Lot Size | 67 shares |
| Minimum Investment (Retail) | ₹14,807 |
| Issue Opens | November 7, 2025 |
| Issue Closes | November 11, 2025 |
| Allotment Date (Tentative) | November 12, 2025 |
| Listing Date (Tentative) | November 14, 2025 |
| Listing Exchange | BSE, NSE |
| Book Running Lead Manager | Axis Capital Ltd. |
| Registrar to the Issue | KFin Technologies Ltd. |
| Employee Discount | ₹21 per share |
Pine Labs Limited IPO | Company Overview
Pine Labs Limited was incorporated in 1998. It is one of India’s leading merchant commerce and digital payments platforms. The company provides point-of-sale (POS) solutions, merchant financing, and digital payment tools for businesses of all sizes, from local retailers to large enterprises.
Its Smart POS devices enable businesses to accept multiple payment modes, including cards, UPI, mobile wallets, and EMIs.
It also offers merchant financing, extending short-term working capital loans in collaboration with financial institutions. Additionally, Pine Labs provides loyalty and gift solutions, allowing brands to run digital gift card programs and customer reward initiatives.
As of June 30, 2025, Pine Labs had a merchant base of 988,304, serving 716 consumer brands and 177 financial institutions, including key clients like HDFC Bank, Axis Bank, ICICI Bank, Amazon Pay, LG Electronics, Flipkart, and Redington.
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Pine Labs Limited IPO | Key Details
- IPO Opening Date: November 7, 2025
- IPO Closing Date: November 11, 2025
- Allotment Date: November 12, 2025
- Price Band: ₹210 – ₹221 per share
- IPO Size: ₹3,899.91 Crores (Fresh + OFS)
- Refunds Initiated: November 13, 2025
- Shares Credited to Demat: November 13, 2025
- Listing Date: November 14, 2025
- Cut-off Time for UPI Mandate Confirmation: 5 PM on November 11, 2025
Pine Labs Limited IPO | Financial Overview
Pine Labs’ revenue increased by 28%, and PAT improved significantly, resulting in lower losses than the previous year.
Here’s a snapshot of its financial performance:
Amounts are in ₹ Crore
| Detail | 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | Change (FY25 vs FY24) | Change % |
| Assets | 10,904.32 | 10,715.74 | 9,648.56 | +1,067.18 | +11.1% |
| Total Income | 653.08 | 2,327.09 | 1,824.16 | +502.93 | +27.6% |
| Profit After Tax (PAT) | 4.79 | -145.49 | -341.90 | +196.41 | +57.4% |
| EBITDA | 120.56 | 356.72 | 158.20 | +198.52 | +125.5% |
| Net Worth | 2,327.55 | -2,244.27 | -2,035.24 | — | — |
| Total Borrowing | 888.74 | 829.49 | 532.92 | +296.57 | +55.6% |
Pine Labs Limited IPO | FAQs
The total issue size of the Pine Labs Limited IPO is ₹3,899.91 crore, comprising a fresh issue of ₹2,080 crore and an offer for sale (OFS) of ₹1,819.91 crore by existing shareholders.
The Pine Labs Limited IPO price band has been fixed between ₹210 and ₹221 per share, with a face value of ₹1 per share.
The Pine Labs Limited IPO opened for subscription on November 7, 2025, and will close on November 11, 2025.
Retail investors can apply for a minimum of 67 shares in the Pine Labs Limited IPO, amounting to approximately ₹14,807 at the upper price band.
The Pine Labs Limited IPO allotment is expected to be finalised on November 12, 2025.
The Pine Labs Limited IPO is managed by Axis Capital Ltd. as the book-running lead manager, and KFin Technologies Ltd. is the registrar to the issue.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
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