Pine labs limited IPO Overview
Pine labs limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹3,899.91 Cr. The IPO price band is set at ₹210 to ₹221 per share, and retail investors can apply with a minimum investment of ₹14,807 as per IPO guidelines.
The Pine labs limited IPO opens on 7 Nov 2025 and closes on 11 Nov 2025. The IPO allotment is expected to be finalized on 12 Nov 2025, and the equity shares are proposed to be listed on BSE,NSE on 14 Nov 2025.
Investors can refer to the Pine labs limited IPO RHP-DRHP for detailed information. The issue is managed by Axis Capital Ltd.,Morgan Stanley India Co.Pvt.Ltd.,Citigroup Global Markets India Pvt.Ltd.,JP Morgan India Pvt.Ltd.,Jefferies India Pvt.Ltd. as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About pine labs limited
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.
Competitive 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
Investment Objective
Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India
Investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of DCPs
General corporate purposes and unidentified inorganic acquisitions