Pine Labs IPO worth ₹3,899.91 will open for subscription from 7 Nov to 11 Nov 2025. Pine Labs IPO allotment is expected on 12 Nov, and shares are likely to be listed on BSE & NSE on 14 Nov. Price band for the IPO is set between ₹210 to ₹221 per share and Pine Labs IPO GMP today stands at 9.95%.
Pine Labs IPO GMP Live Rates Day by Day
Pine Labs GMP today (5th Nov 2025) stands at 9.95%. GMP values change daily, and we’ll keep you updated with the latest figures.
Remember, Grey Market Premium is an unofficial price at which an IPO trades before listing, offering an early hint of its performance. A positive GMP indicates potential gains, while a negative GMP signals a discount. Since GMP is highly volatile, investors should not rely on it alone and must consider other factors before investing in Pine Labs IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 06-11-2025 | ₹ 221 | ₹ 17 | ₹238 (7.69%) | ₹ 1,139 |
| 05-11-2025 | ₹ 221 | ₹ 17 | ₹238 (7.69%) | ₹ 1,139 |
| 04-11-2025 | ₹ 221 | ₹ 22 | ₹243 (9.95%) | ₹ 1,474 |
| 03-11-2025 | ₹ 221 | ₹ 35 | ₹256 (15.84%) | ₹ 2,545 |
Pine Labs IPO Details
- Pine Labs’s IPO is worth ₹3,899.91, which is a combination of fresh issue of ₹2,080 Cr and OFS of ₹1,819.91 Cr.
- Pine Labs’s IPO will open for subscription on 7 Nov 2025 and close on 11 Nov 2025.
- Pine Labs’s IPO allotment is likely to take place on 12 Nov 2025 and the shares are expected to be listed on BSE and NSE on 14 Nov 2025.
- The company will use the funds for loan repayment (₹532 cr), overseas expansion (₹60 cr), IT and tech development (₹760 cr), and general corporate purposes and acquisitions.
- Kfin Technologies will be the registrar for Pine Labs's IPO.
Pine Labs IPO Dates
Here are some important dates for Pine Labs IPO.
| IPO Open Date | 07-Nov-25 |
| IPO Close Date | 11-Nov-25 |
| IPO Allotment Date | 12-Nov-25 |
| Initiation of Refunds | 13-Nov-25 |
| Demat Credits | 13-Nov-25 |
| Listing Date | 14-Nov-25 |
| Listing on | BSE, NSE |
Pine Labs IPO Reservation
For Pine Labs IPO, 10% has been reserved for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Investors | 75% |
| Retail Investors | 10% |
| NII (HNI) Investors | 15% |
Pine Labs IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 67 shares costing ₹14,807. Maximum investment allowed for retail investors is 13 lots, which totals 871 shares and costs ₹1,92,491.
| 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 |
About Pine Labs IPO
Founded in 1998, Pine Labs is one of India’s leading merchant commerce and fintech companies. It provides point-of-sale (POS) systems, digital payment solutions, and merchant financing that help businesses of all sizes, from small shops to large enterprises, accept payments and grow digitally.
Main Services:
- Pine Labs’s IPO is worth ₹3,899.91, which is a combination of fresh issue of ₹2,080 Cr and OFS of ₹1,819.91 Cr.
- Pine Labs’s IPO will open for subscription on 7 Nov 2025 and close on 11 Nov 2025.
- Pine Labs’s IPO allotment is likely to take place on 12 Nov 2025 and the shares are expected to be listed on BSE and NSE on 14 Nov 2025.
- The company will use the funds for loan repayment (₹532 cr), overseas expansion (₹60 cr), IT and tech development (₹760 cr), and general corporate purposes and acquisitions.
- Kfin Technologies will be the registrar for Pine Labs's IPO.
As of June 30, 2025, Pine Labs serves over 9.88 lakh merchants, 716 brands and enterprises, and 177 financial institutions. Its clients include major names like Amazon Pay, LG Electronics, Flipkart, Redington, HDFC Bank, Axis Bank, and ICICI Bank.
Over the years, Pine Labs has grown from a simple card payment provider into a complete fintech platform. The company operates in India, Malaysia, UAE, Singapore, Australia, U.S and Africa.
Pine Labs IPO Financial Performance
Pine Labs reported a PAT of -₹145.49Cr on 31 March 2025 and in FY24 reported -₹341.90 Cr. Over the past 3 years, the company has reported negative PAT. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹Cr) | 10,715.74 | 9,648.56 | 9,363.21 |
| Total income (₹Cr) | 2,327.09 | 1,824.16 | 1,690.44 |
| PAT (₹Cr) | -145.49 | -341.9 | -265.15 |
| EBITDA (₹Cr) | 356.72 | 158.2 | 196.8 |
| Net Worth | -2,244.27 | -2,035.24 | -1,764.77 |
| Reserves and Surplus | 23,43.02 | 23,43.02 | 23,71.59 |
| Total Borrowing (₹Cr) | 829.49 | 532.92 | 329.51 |
| PAT Margin (%) | (6.40%) | -19.32% | (16.60%) |
Source: Pine Labs RHP
Pine Labs IPO Peer Comparison from RHP
Pine Labs IPO has a negative EPS compared to its Zaggle. Higher EPS is always considered better. Below is a quick comparison of Pine Labs vs Paytm
The table below shows peer comparison from RHP data.
| Company | EPS Diluted (₹) | P/E (x) |
|---|---|---|
| Pine Labs | -1.45 | - |
| One97 Communications | -10.35 | -110.98 |
| Zaggle Prepaid Ocean Services | 6.96 | 48.87 |
Pine Labs IPO Strengths and Weaknesses
Knowing about the strengths and weaknesses of Pine Labs IPO helps you make an informed decision.
- A leading name in digital payments with strong technology and infrastructure.
- Offers a complete range of solutions in-store payments, online payments, and prepaid cards.
- Has a strong presence in India and Southeast Asia.
- Works with many merchant partners and runs on a scalable cloud-based system.
- Has faced recent financial losses because of high operating costs.
- Faces risks like fraud, chargebacks, and billing disputes.
- Relies on tech providers like AWS for its cloud operations.
- May face regulatory hurdles while expanding into new countries.
Pine Labs IPO GMP FAQs
What is Pine Labs IPO GMP Today?
Pine Labs IPO GMP today is ₹22.
What are Pine Labs IPO Expected Returns?
Pine Labs IPO Expected Returns are 9.95%, as of 5th November, this may change in the coming days.
When will Pine Labs IPO open and close?
Pine Labs’s IPO will open for subscription on 7 Oct 2025 and close on 11 Nov 2025.
What is the lot size for Pine Labs IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 67 shares. And one lot will cost you ₹14,807.
What is the share allotment date for Pine Labs IPO?
The allotment of shares is expected to be completed by 12 Nov 2025.
Who is the registrar of Pine Labs IPO?
Kfin Technologies is the registrar for Pine Labs’s IPO.
Is Pine Labs IPO good to buy?
Pine Labs IPO may not attract investors due to its negative PAT.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
