PINE LABS LIMITED
₹ 210 - ₹ 221
07-Nov-2025 - 11-Nov-2025
₹ 14807.00

/ 67 Shares

PINE LABS LIMITED

07-Nov-2025 - 11-Nov-2025

₹ 210 - ₹ 221

Price Band

₹ 14807.00

Minimum Investment

67

Bid Lot

176,353,303

Shares

  • Face Value - ₹ 1/- Per Share

  • Listing at BSE, NSE

  • 263,213 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Category % Shares/Amount
QIB 75% 132,264,978 Shares RS.2923.06 CR
HNI 1 5% 8,817,665 Shares RS.194.87 CR @ 9400 FORM 1X
HNI 2 10% 17,635,330 Shares RS.389374 CR @ 18801 FORM 1X
Retail 10% 17,635,330 Shares RS.389.74 CR @ 263214 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
263214 FORM 1X 9400 FORM 1X 18801 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 67 ₹ 14,807
Retail (Upto 2 Lakh) 13 871 ₹ 192,491
S-HNI (2 Lakh to 10 Lakh) 14 938 ₹ 207,298
S-HNI (2 Lakh to 10 Lakh) 67 4489 ₹ 992,069
B-HNI (Above 10 Lakh) 68 4556 ₹ 1,006,876

IPO Timeline

  • Open Date

    07-Nov-2025

  • Close Date

    11-Nov-2025

  • Basis of Allotment Date

    12-Nov-2025

  • Initiation of Refunds

    13-Nov-2025

  • Credit Shares to Demat A/c

    13-Nov-2025

  • IPO Listing Date

    14-Nov-2025

About Company

Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services. Pine Labs empowers businesses of all sizes—from small retailers to large enterprises—with digital payment technologies and value-added services.

Key Offerings:

  • Smart POS Devices – Accept multiple forms of payments including credit/debit cards, UPI, mobile wallets, and EMIs.
  • Buy Now Pay Later (BNPL) – Offers instant EMI solutions at the point of sale for various consumer goods.
  • Merchant Financing – Provides short-term working capital loans to merchants through partnerships with financial institutions.
  • Loyalty and Gift Solutions – Enables brands to offer loyalty programs, digital gift cards, and promotional campaigns.
  • E-commerce and Online Payment Tools – Offers APIs and payment gateway services to support digital stores and apps.

As of June 30, 2025, the company had 988,304 merchants, 716 consumer brands and enterprises, and 177 financial institutions. It has served top consumer brands, including Amazon Pay, LG Electronics, Flipkart Internet Private Limited and Redington. Under the financial institutions, its key customer base includes HDFC Bank, Axis Bank and ICICI Bank.

Pine Labs has evolved from a card-based payment solution provider to a comprehensive fintech platform, playing a key role in India's shift to a cashless, digitally empowered retail economy.

Read More

Strengths

  • Ecosystem which brings together merchants, consumer brands and enterprises, and financial institutions enabling commerce transactions
  • Full stack, cloud-based, scalable digital infrastructure and transaction platform
  • Deep partnerships with large merchants, consumer brands and enterprises, and financial institutions.
  • Experienced, professional management team

Company Promoters

Company Financials

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 10,904.32 10,715.74 9,648.56 9,363.21
Total Income 653.08 2,327.09 1,824.16 1,690.44
Profit After Tax 4.79 -145.49 -341.90 -265.15
EBITDA 120.56 356.72 158.20 196.80
NET Worth 2,327.55 -2,244.27 -2,035.24 -1,764.77
Total Borrowing 888.74 829.49 532.92 329.51
Amount in ? Crore

Objects of the Issue

The Company Pine Labs IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries, 532.00
2 Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India 60.00
3 Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs 760.00
4 General corporate purposes and unidentified inorganic acquisitions  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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