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Pine Labs IPO Details: Everything You Should Know about 

Wed Sep 24 2025

Pine Labs IPO Details: Everything You Should Know about 

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The IPO opening date for the Pine Labs IPO has not been announced yet, but the company has already filed its DRHP with SEBI/Exchange on 3rd July 2025, and SEBI approval was received on 11th September 2025. It is a book-building IPO of ₹2,600 crore worth of shares. The issue will be listed on NSE and BSE, and the tentative date is yet to be announced.

Pine Labs IPO Details

The Pine Labs IPO date is not fixed yet. The face value of Pine Labs shares stands at ₹1 per share, and the IPO price band is fixed at [.] to [.] per share.

Kfin Technologies Limited is the registrar of Pine Labs IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Pine Labs IPO Details 

IPO Open DateYet to be announced
IPO Close DateYet to be announced
Face Value₹1 per share
Lot Size[.]
IPO Allotment Date
Refund initiation
Total Issue [.]
Fresh Issue[.]
Offer for sale14,78,22,225 shares of ₹1(aggregating up to ₹[.] Cr)
Shareholding Pre-Issue [.]
Price Band[.] to [.] per share
Issue Type Bookbuilding IPO
Listing AtBSE & NSE
Listing Date[.]

Pine Labs IPO GMP 

Note: Pine Labs is yet to open. We will update the Pine Labs GMP data post an official announcement.

Pine Labs IPO DRHP Status

DescriptionDate
DRHP Filled With3rd July 2025
SEBI approval received 11th September 2025

Pine Labs IPO Review

Review the detailed Pine Labs IPO review for a thorough understanding of its potential to deliver listing gains. The Pine Labs IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Pine Labs IPO.

Pine Labs Limited’s revenue increased by 4.14% from ₹1,327.59 crores in March 2023 to ₹1,382.63 crores in March 2024. Moreover, the company’s PAT decreased by 232.80% from ₹-56.24 crores to ₹-187.17 crores. Investors can analyse other relevant factors and make a decision accordingly.

Pine Labs Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for Milky Mist Dairy Foods’ IPO, particularly for its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Pine Labs IPO

Key IndicatorsValue
PE Ratio (Price-to-Earnings) [.]
EPS (Earnings Per Share)[.]
RoNW-9.18%
ROCE[.]
ROE[.]
EBITDA Margin13.22%
Price to Book Value[.]
Market Capitalisation[.]

The PE ratio of Pine Labs Limited’s share is [.], and its Earnings Per Share (EPS) stands at [.]. Thus, the IPO of Pine Labs Limited can deliver gains on its tentative listing day.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Pine Labs Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio[.][.]
EPS 0.72[.]

About the Pine Labs Limited Company Overview

Pine Labs is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services. Founded in 1998 and headquartered in Noida, India, Pine Labs empowers businesses of all sizes—from small retailers to large enterprises—with digital payment technologies and value-added services. The company offers Smart POS devices, Buy Now Pay Later (BNPL) solutions, Merchant Financing, Loyalty and Gift Solutions, as well as e-commerce and online Payment Tools.

Pine Labs Limited Financials

The company’s financial analysis is essential before applying for the IPO of Pine Labs Limited. Look at the table to learn about Pine Labs Limited’s financials. 

Year Ended31st March 2024 (in cr.)31st March 2023 (in cr.)31st March 2022 (in cr.)
Assets7,910.937,406.116,263.59
Revenue1,382.631,327.59957.92
Profit After Tax-187.17-56.24-22.62
EBITDA177.30275.63191.90
Net Worth2,037. 872,180.331,912.22
Reserves and Surplus1,953.872,166.471,745.primarily
primarilyotal Borrowingtech-driven7.13236.40

Explanation

P,ine Lprovidingd’s revenue increased by 4.14% from ₹1,327.59 crores in March 2023 to ₹1,382.63 crores in March 2024. Moreover, the company’s PAT decreased by 232.80% from ₹-56.24 crores to ₹-187.17 crores. Investors can analyse other relevant factors and make a decision accordingly.

Pine Labs IPO Promoter Holdings

Have a look at the table below to check the holdings of Pine Labs Limited’s promoters: 

Share Holding Pre-Issue[.]
Share Holding Post-Issue[.]

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Pine Labs IPO Objectives

The primary aim of Pine Labs is to raise ₹2,600 crores. On the other hand, Pine Labs has decided to utilise these funds in different ways.

  • To Repayment/prepayment, in whole or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries,
  • To invest in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE, for expanding our presence outside India
  • To Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs
  • For general corporate purposes and unidentified inorganic acquisitions

Should I Invest in Pine Labs IPO?

Explore the pros and cons of Pine Labs IPO to know whether you should apply or avoid the issue. These pros and cons may help you understand the potential to deliver profits in the coming decades.

Pros of Pine Labs IPO

  • The company has a full-stack, cloud-based, scalable digital infrastructure and transaction platform.
  • The company has an experienced, professional management team.s
  • The company has deep partnerships with large merchants, consumer brands, enterprises and financial institutions.

Cons of Pine Labs IPO

  • The company has reported on the net losses
  • The company significant dependence on the customers
  • The company is facing tax demands and GST exposure related to tax credit issues regarding advertising, e-commerce listings, and co-branding expenses associated with gift cards, among other costs.

How to Invest in the Pine Labs IPO?

Pine Labs has not opened yet. And most investors are still waiting for it. Here is how you can invest in the Pine Labs IPO after its opening. 

  • Open a demat account or use your existing demat account to make a bid. 
  • Navigate to the Pine Labs section to make an application.
  • Select the number of lots you want to apply for and proceed with your application further. 
  • Once you have applied for the Pine Labs  IPO, you will receive a mandate request on the selected mode of transaction.
  • Approve the mandate request and get your application number instantly. 

How to Check Pine Labs IPO Allotment Status?

You can check for the Pine Labs IPO allotment in different ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose the Pine Labs IPO.  
  • Choose whether to proceed with the PAN number or the application number.
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your Pine Labs allotment status.

Final Thoughts

Pine Labs is once again gathering investors’ attention with a positive announcement, set to be officially made in July 2025. Kfin Technologies Limited has recently filed for Pine Labs, worth ₹2,600 crore, with SEBI via a confidential route. The issue is subject to the approval of SEBI. Investors are cautious about the details of Pine Labs’ IPO, including the issue date, price band, lot size, subscription, and other key information.

Stay informed with Univest to get regular updates on the Pine Labs  IPO, GMP, subscription, and more!

 FAQs on Pine Labs IPO

When did Pine Labs file IPO draft papers?

Ans. Pine Labs filed its updated draft papers with SEBI for an IPO of up to ₹2,600 crore worth of shares on July 3, 2025.

What are the uses of IPO proceeds?

Ans. Pine Labs has raised funds through its IPO to expand its business operations. 

Is Pine Labs a publicly listed company?

Ans. Pine Labs is listed on the stock exchange, making it a publicly listed company. Pine Labs went public through an IPO filing of ₹2,600 crore worth of shares.

What is the issue size for Mist Dairy Foods?

Ans. It is a bookbuilding IPO comprising a fresh issue and offer for sale to raise approximately ₹2,600 crore shares. 

Is Pine Labs good?

Ans:  Pine Labs Limited’s revenue increased by 4.14% from ₹1,327.59 crores in March 2023 to ₹1,382.63 crores in March 2024. Moreover, the company’s PAT decreased by 232.80% from ₹-56.24 crores to ₹-187.17 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the Pine Labs IPO?

Ans. According to recent updates, MUFG India Intime Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding Pine Labs GMP, allotment, and refund, you can contact MUFG India Intime Private Limited.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To obtain detailed information about the Pine Labs IPO, please wait for the RHP and DRHP to be released by the company. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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