Pine Labs Limited
IPO Details
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Company Fin.
₹4(1.81%)
Premium (ELP)
Pine Labs Limited's successfully completed its Initial Public Offering and commenced trading on Nov 14, 2025 at the NSE, BSE exchange. The company raised 17,64,66,426 Shares through this public offering, comprising 9,41,17,647 Shares in fresh capital and ₹1819.91 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹210 to ₹221, with minimum application lots of 67 shares. The offering attracted significant investor interest during its subscription period from Nov 07, 2025 to Nov 11, 2025.
Share allotment was finalized on Nov 12, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 1998 and headquartered in Noida, Pine Labs is a leading Indian merchant commerce platform that offers POS solutions, payment processing, and merchant financing services. It helps businesses of all sizes—from small retailers to large enterprises—adopt digital payment technologies and enhance customer experiences. The company’s offerings include smart POS devices that accept multiple payment modes, Buy Now Pay Later (BNPL) options, short-term financing for merchants, loyalty and gift solutions, and online payment tools for e-commerce platforms. As of December 31, 2024, Pine Labs served over 9 lakh merchants and worked with major brands like Amazon Pay, LG Electronics, Flipkart, and banks such as HDFC, Axis, and ICICI. Over the years, Pine Labs has grown from a simple card payment provider into a comprehensive fintech platform driving India’s cashless retail transformation.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Fintech Network: Unified ecosystem connecting merchants, brands, and financial partners for smooth digital transactions.
- Advanced Cloud Infrastructure: Secure, scalable platform designed to handle large transaction volumes efficiently.
- Robust Partner Ecosystem: Strong alliances with leading merchants and financial institutions driving consistent growth and customer retention.
- Sustained Financial Losses: The company has incurred significant losses in recent years, raising concerns about near-term profitability.
- Liquidity Concerns: Negative operating cash flows indicate potential pressure on liquidity if the trend continues.
- Customer Concentration Risk: Dependence on retaining key merchants and clients makes the business vulnerable to revenue fluctuations.
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