Pine Labs IPO: Open/Close Date, Price, How to Apply - Religare Broking

Pine Labs IPO

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Pine Labs IPO

IPO Details
Bidding Date Nov 07, 2025 IPO Price Range ₹210 to ₹221 per share IPO Size ₹3899.91 Cr
Listing Exchange BSE, NSE Listing Date Nov 14, 2025 Lot Size 67 Shares

Minimum Investment
₹14,807/67shares

IPO Timeline

Open DateNov 07, 2025
Close DateNov 11, 2025
Allotment FinalisationNov 12, 2025
Demat TransferNov 13, 2025
Refund InitiationNov 13, 2025
ListingNov 14, 2025

About Pine Labs IPO

Pine Labs is a well-known merchant commerce solution provider of POS hardware, digital payments, BNPL, and loyalty solutions. It was founded in 1998 as a hardware-based POS solution and shifted to a software-oriented platform that incorporated offline and online sales. The purchase of Qwikcilver by the company also gave it a presence in prepaid cards, rewards, and gift solutions. In India and Southeast Asia, Pine Labs also has merchants in retail, electronics, and lifestyle sectors. They concentrate on empowering merchants to have a flexible check-out options, interact with customers, and integrate finance. Pine Labs is also well-positioned to innovate and expland into overseas markets as it is endorsed by major global investors. The proposed IPO will help the exposure, technological investments, and accelerate the global expansion of Pine Labs.

Pine Labs IPO Subscription Status

Date QIB NII Retail Total
TBA 0 0 0 0
TBA 0 0 0 0

Pine Labs IPO Financial Status

Particulars (in Rs. Crores) 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

Pine Labs IPO SWOT Analysis

Strengths

  • Long-established merchant relationships provide trust and business stability in a competitive business setup like fintech.
  • Diversified offerings across payments, BNPL, and loyalty reduce dependency on a single revenue stream.
  • The purchase of Qwikcilver has provided great momentum for presence in rewards, gifting, and the closed-loop prepaid card ecosystems.
  • International presence in Southeast Asia further minimizes single-market dependency and broadens the customer base.
  • Backed by strong investors, the company enjoys financial strength and hence can further push for product innovation.

Weaknesses

  • Deployment and maintenance costs make its model heavier compared to pure-digital competitors.
  • Stiff competition from banks and pure fintechs limits the growth margins and pricing flexibility of the service.
  • Exposure to BNPL can be a risk on account of either tightening regulations or interest-rate volatility.
  • Operating in international markets brings added compliance and regulatory costs.

How to Apply - Pine Labs IPO

Retail investors can apply for the IPO using their Demat Account. Don’t miss your chance!

Apply for IPO Online Using Dynami App

Invest in companies listing on the Indian exchanges with an IPO

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Frequently Asked Questions

The issue size for Pine Labs Ltd. IPO is ₹3899.91 Cr

You can apply for the Pine Labs Ltd. IPO 2 days before the official subscription period begins using the pre-apply option.

Pre-applying for the Pine Labs IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Pine Labs IPO on Religare Broking

Your order will be submitted to the exchange as soon as bidding for Pine Labs IPO begins. You will receive a UPI request within 24 hours after the bidding starts.

We will notify you when your Pine Labs IPO order is placed with the exchange.

The open date is 07 Nov’2025 and the closing date is 11 Nov’2025

The lot size of the IPO is 67 shares

The price band of the IPO is ₹210 to ₹221 per share

Upcoming IPOs Announced & Expected

Registrar information

Name
Kfin Technologies Ltd.

Phone number
 04067162222, 04079611000

Email ID

einward.ris@kfintech.com