
Pine Labs IPO Details: Everything You Should Know about
Posted by : sachet | Mon Nov 03 2025

Check Expert’s Verdicts on Pine Labs IPO
Pine Labs IPO will be open for bidding from 7th November to 11th November. It is a book-building issue of 3,899.91 crore shares. The issue is entirely a fresh issue of 9.41crore shares and an offer for sale of 8.23 crore shares. The IPO is expected to be listed on the NSE and BSE with a tentative listing date of 14th November 2025.
Pine Labs IPO Details
The Pine Labs IPO is expected to take place from 7th November 2025 to 11th November 2025. The face value of Pine Labs IPO shares is ₹1 per share, and the IPO price is set at ₹210 to ₹221 per share.
Kfin Technologies Limited is the registrar of the 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 Date | 7th November 2025 |
| IPO Close Date | 11th November 2025 |
| IPO Allotment Date | 12th November 2025 |
| Refund Initiation | 13th November 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 Shares |
| Issue Size | 17,64,66,426 shares(aggregating up to ₹3,899.91 Cr) |
| Fresh Issue | 9,41,17,647 shares(aggregating up to ₹2,080.00 Cr) |
| Offer for sale | 8,23,48,779 shares of ₹1(aggregating up to ₹1,819.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE and SME |
| Listing Date | 14th November 2025 |
Pine Labs IPO Share Reservation
Pine Labs IPO is a bookbuilding IPO issue of 3,899.91 Crore shares. Pine Labs Limited Shares will be listed on the NSE and the BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
| QIB Shares Offered | At least 75% of the net offer |
| Retail Shares Offered | Not more than 10% of the net offer |
| NII Shares Offered | Not more than 15% of the offer |
Pine Labs IPO GMP
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Pine Labs IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated L0isting Gains |
| 7-11-2025 | ₹221.00 | ₹35.00 | ₹256.00 | 15.84% |
| 6-11-2025 | ₹221.00 | ₹35.00 | ₹256.00 | 15.84% |
| 5-11-2025 | ₹221.00 | ₹35.00 | ₹256.00 | 15.84% |
| 4-11-2025 | ₹221.00 | ₹35.00 | ₹256.00 | 15.84% |
| 3-11-2025 | ₹221.00 | ₹35.00 | ₹256.00 | 15.84% |
| 1-11-2025 | ₹221.00 | ₹60.00 | ₹281.00 | 27.14% |
As of 7th November, 2025, the Pine Labs IPO GMP stands at ₹35 per share, indicating that the share is likely to list at ₹256 on its tentative listing date, 14th November, 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Pine Labs IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
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 economic performance and trends before applying for the Pine Labs IPO.
Pine Labs Limited’s revenue increased by 28% from ₹1,824.16 crores in March 2024 to ₹2,327.09 crores in March 2025. Moreover, the company’s PAT increased by 57% from ₹341.90 crores to ₹ 145.49 crores. Investors can analyse other relevant factors and make a decision accordingly.
Pine Labs Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for Pine Labs’ IPO on 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 Indicators | Value |
| PE Ratio (Price-to-Earnings) | [.] |
| EPS (Earnings Per Share) | -1.38 |
| RoNW | -4.15% |
| ROCE | [.] |
| ROE | [.] |
| EBITDA Margin | 15.68% |
| Price to Book Value | [.] |
| Market Capitalisation | [.] |
The P/E ratio of Pine Labs Limited’s shares is [.], and its Earnings Per Share (EPS) is -1.38. Thus, the Pine Labs Limited IPO can deliver gains on its tentative listing day, 14th November 2025
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.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | [.] | [.] |
| EPS | -1.38 | [.] |
Pine Labs IPO Subscription Status
The subscription status for the Pine Labs IPO is yet to be announced. Stay informed on this passage to check the live Pine Labs IPO subscription status.
| Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | At least 75% of the net offer | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not more than 10% of the net offer | Yet to be announced | Yet to be announced |
| NII Shares Offered | Not more than 15% of the offer | Yet to be announced | Yet to be announced |
About the Pine Labs Limited Company Overview

Pine Labs Limited was established in 1998 as a prominent Indian commerce platform that offers various services, including point-of-sale solutions, payment processing, and merchant financing. Pine Labs is involved in all sizes of business, from small to large enterprises with digital payment and other value-added services.
- An ecosystem which brings together merchants, consumer brands, enterprises, and financial institutions, enabling commerce transactions
- Full-stack, cloud-based, scalable digital infrastructure and transaction platform
- Deep partnerships with large merchants, consumer brands, enterprises, and financial institutions.
- Experienced, professional management team
Pine Labs Limited Financials
The company’s financial analysis is essential before applying for Pine Labs Limited’s IPO. Look at the table to learn about Pine Labs Limited’s financials.
| Year Ended | 31st July 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 56.29 | 42.53 | 33.88 | 29.75 |
| Revenue | 19.51 | 2,327.09 | 1,824.16 | 36.42 |
| Profit After Tax | 2.87 | -145.49 | -341.90 | 1.88 |
| EBITDA | 4.24 | 9.54 | 8.39 | 3.28 |
| Net Worth | 19.10 | 16.23 | 5.87 | 1.01 |
| Reserve and Surplus | 13.16 | 10.29 | 5.37 | 0.51 |
| Total Borrowing | 15.32 | 15.62 | 17.09 | 16.19 |
Explanation
Pine Labs Limited’s revenue increased by 28% from ₹1,824.16 crores in March 2024 to ₹2,327.09 crores in March 2025. Moreover, the company’s PAT increased by 57% from ₹341.90 crores to ₹ 145.49 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: Mr Dharmesh Dashrathbhai Patel, Mr Siddhant Jayantibhai Pawasia, Mr Piyush Gordhanbhai Antala and Mr Jaimik Mansukhbhai Patel.
| Share Holding Pre-Issue | 92.68% |
| Share Holding Post-Issue | 68.03% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Pine Labs IPO Objectives
The primary objective of the Pine Labs IPO is to raise ₹3,899.91 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below
Should I Invest in Pine Labs IPO?
Explore the pros and cons of Pine Labs IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.
Pros of Pine Labs IPO
- The company has a substantial merchant payment and commerce platform in India.
- It has a diversified portfolio of value-added products.
- The digital payment market is experiencing rapid growth.
- IPO proceedings are used to reduce debt and upgrade technology
Cons of the Pine Labs IPO
- Regulatory uncertainty
- High competition
- High valuation risk
- Global expansion challenges
How to Invest in the Pine Labs IPO?

Please follow the steps outlined below to apply for a position at Pine Labs IPO Limited.
- Step 1: Conduct thorough research on the Pine Labs IPO, including GMP status, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for one lot of 67 shares, valued at ₹14,807.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Pine Labs IPO across multiple demat accounts to increase your chances of allotment.
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. Follow 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 IPO allotment status.
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Final Thoughts
Pine Labs IPO is a bookbuilding IPO of ₹3,899.91 crore. The shares of Pine Labs IPO Limited will be listed on the BSE and NSE on its tentative listing date of 14th November 2025. Researching the Pine Labs IPO, including its GMP status and reviews, is highly recommended to secure the profitability you desire. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Stay informed with Univest to get regular updates on the Pine Labs IPO, GMP, subscription, and more!
FAQs on Pine Labs IPO
How is the Pine Labs IPO?
Ans. As of 7th November 2025, the Pine Labs IPO GMP (Grey Market Premium) stands at 35. It indicates that the estimated listing price could be ₹256 per share. It is a book-building IPO of 3,899.91 crore shares. The face value of each share of Pine Labs IPO Limited is ₹1.
What is Pine Labs’ IPO price?
Ans. The Pine Labs IPO price range is ₹210.00 to ₹221.00 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 67 shares, worth ₹4,807. Moreover, HNIs are required to bid for a minimum of 14 lots (938 shares) worth ₹2,07,298.
Is the Pine Labs IPO a good investment?
Ans. Pine Labs Limited’s revenue increased by 28% from ₹1,824.16 crores in March 2024 to ₹2,327.09 crores in March 2025. Moreover, the company’s PAT increased by 57% from ₹341.90 crores to ₹ 145.49 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, Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the Pine Labs IPO GMP, allotment, and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.
What is the issue size of the Pine Labs IPO?
Ans. Pine Labs IPO is a book-building issue of 3,899.91 crore. Moreover, the IPO is set to open on 7th November 2025 and close on 11th November 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Pine Labs IPO, wait for the Pine Labs IPO RHP and Pine Labs IPO DRHP. 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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