IPO Timeline
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.
Frequently Asked Questions
What is the issue size of Pine Labs IPO?
The issue size for Pine Labs Ltd. IPO is ₹3899.91 Cr
What is 'pre-apply' for Pine Labs IPO?
You can apply for the Pine Labs Ltd. IPO 2 days before the official subscription period begins using the pre-apply option.
How can I pre-apply for Pine Labs IPO?
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
If I pre-apply for Pine Labs IPO, when will my order get placed?
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.
When will I know if my Pine Labs IPO order is placed?
We will notify you when your Pine Labs IPO order is placed with the exchange.
What are the open and close dates of the Pine Labs IPO??
The open date is 07 Nov’2025 and the closing date is 11 Nov’2025
What is the lot size of the Pine Labs IPO?
The lot size of the IPO is 67 shares
What is the price band of the Pine Labs IPO?
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
Pine Labs IPO







