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Pine Labs IPO — Date, Price Band, GMP & Allotment 2025

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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.

Open 07 Nov 2025
Close 11 Nov 2025
Allotment 12 Nov 2025
Listing 14 Nov 2025

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Stock Price

As the IPO is listed, here is the Live Share Price for Pine Labs

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IPO Summary

IPO Dates 7 to 11 Nov, 2025
Price Band ₹210 to ₹221
Face Value ₹1
Lot Size 67 Shares
Issue Size ₹3900.17 Cr
Listing On BSE, NSE
Min Investment ₹ 0

What is the Pine Labs IPO Timetable?

Track the IPO schedule and key events.

Event Date Day
IPO Open Date 07 Nov, 2025 Friday
IPO Close Date 11 Nov, 2025 Tuesday
Basis of Allotment 12 Nov, 2025 Wednesday
Refunds Initiated 13 Nov, 2025 Thursday
Credit to Demat 13 Nov, 2025 Thursday
Listing Date 14 Nov, 2025 Friday

What is the Pine Labs IPO Lot Size?

Bidding in multiples of 67 shares.

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 4489 ₹9,92,069
B-HNI (Min) 68 4556 ₹10,06,876

About Pine Labs

Pine Labs is a leading fintech company founded in 1998, initially focusing on providing payment processing solutions to large retail merchants. Over time, the company evolved into a comprehensive digital payments and merchant commerce platform, expanding its presence across India and other Asian markets. Pine Labs was co-founded by Rajul Garg, Tarun Upadhyay, and Sandeep Bakhshi, and later saw significant growth under the leadership of CEO Amrish Rau. The company has built a strong network of merchant partners, banks, and financial institutions, establishing itself as a key player in the digital payments ecosystem.

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.

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Pine Labs Key Performance Indicators (KPIs)

Pe 1325.57
Eps 0.17
Ronw -4.15
Pat margin 15.68

Objects of the Issue

Issue Object
Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company and certain of our Subsidiaries,
Estimate Amount ₹532.00 Cr.
Issue Object
Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India
Estimate Amount ₹60.00 Cr.
Issue Object
Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs
Estimate Amount ₹760.00 Cr.
Issue Object
General corporate purposes and unidentified inorganic acquisitions
Estimate Amount ₹626.33 Cr.

Company Financials

The Pine Labs company's financial performance (in ₹ Cr.) is summarized below:

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

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Promoters and Shareholding Details

Promoter holding details will be updated as soon as they are officially announced.

Frequently Asked Questions

What is the GMP of Pine Labs?

The current Grey Market Premium (GMP) of Pine Labs is ₹ 0.

What is the Pine Labs IPO Price Band?

The price band for Pine Labs IPO is ₹210 to ₹221.

When is the Pine Labs IPO Allotment?

The allotment date for Pine Labs IPO is November 12, 2025.

How to check Pine Labs IPO Allotment Status?

You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Kfin Technologies Ltd.).

Official Documents

Company Contact Details

Pine Labs

Unit No. 408, 4th Floor, Time Tower, MG Road, DLF QE Gurgaon, Haryana, 122002

+91 22 6986 3600

https://www.pinelabs.com/

Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

Website

Book Running Lead Manager

Axis Capital Ltd.

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