
Pine Labs IPO Listing at 14.03% premium at ₹146 Per Share
Posted by : sachet | Fri Nov 14 2025

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Pine Labs IPO Listing:
On the NSE SME platform, shares are listed at ₹252 per share, reflecting a premium of 14.03% against the issue price of 221 per share.
Pine Labs IPO Subscription Status
The Pine Labs IPO was subscribed 2.48 times at the close of the bidding. In this subscription, qualified institutional buyers (QIBs) received 3.97 times the allocation, and non-institutional investors (NIIs) received 0.30 times the allocation. The retail quota of the issue was subscribed to 9.99%.
Pine Labs IPO: Check Key Details
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. 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.
| 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) |
| Issue Type | 9,41,17,647 shares(aggregating up to ₹2,080.00 Cr) |
| Listing At | 8,23,48,779 shares of ₹1(aggregating up to ₹1,819.91 Cr) |
| Listing Date | Bookbuilding IPO |
| NSE and SME | |
| 14th November 2025 |
About Pine Labs Limited
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 | 31th 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.
Objectives of the Pine Labs IPO
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
- Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries.
- Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India.
- Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs.
- General corporate purposes and unidentified inorganic acquisitions.
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