On the last day, Pine Labs was subscribed 2.48 times overall, a retail quota was 1.27 times, QIB 3.97 times, and 0.30 times for NII.
Details About Pine Labs IPO
Pine Labs received approval from SEBI for an IPO of ₹3,899.91 crores, wherein a fresh issue of ₹2,080 crores and offer for sale up to 82,348,779 equity shares with a face value of ₹1 each. The IPO price band is around ₹210 to ₹221 per share.
In the Pine Labs IPO, the 1 lot size for the minimum Retail category got 67 shares. The max retail category, 871 shares in 13 lot sizes. S-HNI Minimum category, 938 shares in 14. S-HNI Maximum shares 2,479 in 67 lot sizes. B-HNI Minimum 4,556 shares in 68 lot sizes.
To invest in the Pine Labs IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,807.
- Retail investors’ (Max) investment of ₹1,92,491.
- Small HNI (S-HNI): Minimum investment of ₹2,07,298.
- B-HNI Minimum: minimum investment of ₹10,06,876.
Pine Labs IPO subscription duration
Pine Labs IPO started on November 7, 2025, and closed on November 11, 2025. The investor’s allotment date was November 12, 2025, and they received a refund on November 13, 2025. The Pine Labs IPO listing date is November 14, 2025.
About Pine Labs Company
Pine Labs, founded in 1998, is one of the leading Indian merchant commerce companies that provides point-of-sale (POS) solutions, payment processing, and merchant financing services. The company’s portfolio consists of a wide range of offerings such as Smart POS Devices, Buy Now Pay Later (BNPL), Merchant Financing, Loyalty and Gift Solutions, and E-commerce and Online Payment Tools. Its headquarters are situated in Noida, India.
The company supports businesses of all sizes, including small to large businesses, with digital payment technologies and services. The company started its business to grow from just a card payment service provider into a full fintech platform serving India to become a digital and cash-free shopping system. The company includes 915,731 merchants as of December 31, 2024, serving major consumer brands such as Amazon Pay, LG Electronics, Flipkart Internet Private Limited, and Redington. Moreover, HDFC Bank, Axis Bank, and ICICI Bank are the key customers of the company.
Pine Labs IPO Company Financial Report
In FY25, the company generated revenue of ₹2,327.09 crores against ₹1,824.16 crores in 2024. In FY25, the company also reported a loss of ₹145.49 crores in 2025 against a loss of ₹341.90 crores in 2024.
