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Open
7 Nov 2025
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Close
11 Nov 2025
3
Allotment
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Listing
Fri, Nov 14, 2025
Price Band
₹210 to ₹221
Issue Size
17,64,78,303 shares (agg. up to ₹3,900 Cr)
Lot Size
67 Shares
Listing Date
Fri, Nov 14, 2025
Latest GMP
₹5.5
Est. Gain
2.49%
✦ AI Insight
GMP Trend
14-11-2025₹5.5Est. ₹226.5+2.49%
13-11-2025₹5.5Est. ₹226.5+2.49%
12-11-2025₹6.5Est. ₹227.5+2.94%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.81x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Seshaasai Technologies Ltd. | Mainboard | ₹813.07 Cr | ₹423 | 28.63 | ₹411.45 | -2.73% | ₹400.10 (+0.02%) |
| One Mobikwik Systems Ltd. | Mainboard | ₹572.00 Cr | ₹279 | 113.32 | ₹528.00 | +89.25% | ₹221.17 (-1.89%) |
| Finbud Financial Services Ltd. | SME | ₹71.68 Cr | ₹142 | 23.4 | ₹164.85 | +16.09% | ₹122.50 (-3.66%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / prepayment, in full or in part, of certain borrowings availed of by Company and certain of Subsidiaries, | 532.00 |
| 2 | Investment in certain of Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding 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 | 626.33 |
| 5 | Issue Expenses | 194.00 |
| Total | 2,172.33 |
About Pine Labs IPO
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
Contact Details
Pine Labs Ltd. AddressUnit No.4084th Floor, Time TowerMG Road, DLF QEGurugram, Haryana, 122002+91 22 6986 3600cosecy@pinelabs.comVisit Website