Pine Labs IPO
Pine Labs IPO — date, price band, GMP & allotment 2025
Pine Labs is a leading Indian fintech company providing digital payment solutions and point-of-sale machines to merchants across India and Southeast Asia. The company supports credit, debit, EMI, and QR-based payments. Pine Labs has filed for its IPO to raise funds for business expansion, technology development, and debt reduction. The IPO is expected to attract strong investor interest due to its growing digital payments business and strong merchant network.
Stock price
Pine Labs is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 September.
- Open 07 Nov 2025
- Close 11 Nov 2025
- Allotment 12 Nov 2025
- Refund/credit 13 Nov 2025
- Listing 14 Nov 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 11 Nov, 2025 |
|---|---|
| Price Band | ₹210 – ₹221 |
| Face Value | ₹1 |
| Lot Size | 67 Shares |
| Issue Size | ₹3900.17 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 21.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,807 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 67 shares at the ₹221 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 67 | ₹14,807 |
| Retail (max) | 13 | 871 | ₹1,92,491 |
| S-HNI (min) | 14 | 938 | ₹2,07,298 |
| S-HNI (max) | 67 | 4,489 | ₹9,92,069 |
| B-HNI (min) | 68 | 4,556 | ₹10,06,876 |
Three years of numbers
All figures in ₹ crore, as reported in the Pine Labs offer document.
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 653.08 | 2,327.09 | 1,824.16 |
| OPM % | 9.6 | ||
| EBITDA | 120.56 | 356.72 | 158.20 |
| Net Profit | 653.08 | 2,327.09 | 1,824.16 |
| Debt | 888.74 | 829.49 | 532.92 |
| Assets | 10,904.32 | 10,715.74 | 9,648.56 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Pine Labs RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Pine Labs IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹0.17 |
| P/E Ratio (x) | 1,325.57 |
| Market Cap at Offer Price (₹ Cr) | ₹849,004.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹₹221 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹1,978.33 Cr of the issue is earmarked to named objects.
About the company
The company offers a wide range of products and services including point-of-sale (POS) machines, payment gateway solutions, buy-now-pay-later (BNPL) services, and merchant financing. Its business model is largely transaction-driven, earning revenue through payment processing fees, device leasing, and value-added financial services. Pine Labs focuses on enabling seamless omnichannel commerce for merchants, helping them accept digital payments, manage customer engagement, and access credit solutions. Its partnerships with banks and brands further strengthen its ability to offer tailored financial products to both merchants and consumers.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 22 6986 3600
The bankers & the filings
Who is running the book, and the documents this page is built from.
Pine Labs IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
27 issues handledBest listing: LG Electronics India (+50.0%). Weakest: Clean Max Enviro Energy Solutions (-8.8%).
Jefferies India Private Limited
7 issues handledBest listing: Dhoot Transmission (+37.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Pine Labs?
The current Grey Market Premium is ₹0.
What is the Pine Labs IPO price band?
₹210 to ₹221, on a face value of ₹1.
When is the allotment?
The basis of allotment is 12 November 2025, with listing on 14 November 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
