Pine Labs IPO Subscription Status
Pine Labs IPO subscribed over 0.13x on its First day till 05.00 PM on 7th November 2025.
- Pine Labs IPO subscription QIB investors’ portion is 0.02x times, while NII subscribed 0.07x times, and RII investors subscribed 0.57x times.
- The company has received bids for 1,30,12,137 shares against 9,71,07,440 shares on offer on the First day.
- Pine Labs IPO subscribed over 0.13x times on day 1.
About the Pine Labs IPO
Incorporated in 1998, Pine Labs is one of the growing Indian merchant commerce companies that offers point-of-sale (POS) solutions, payment processing, and merchant financing services. Its headquarters are situated in Noida, India, the company supports businesses of all sizes that including small to large businesses, with digital payment technologies and 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. 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. 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.
Pine Labs IPO Company Financial Report
The company reported revenue of ₹2,327.09 crores in 2025 against ₹1,824.16 crores in 2024. The company reported a loss of ₹145.49 crores in 2025 against a loss of ₹341.90 crores in 2024.
Pine Labs IPO GMP
Pine Labs IPO GMP was ₹5 as of Friday, 7th November. That indicates the IPO is trading at ₹226 with a ₹5 premium in the grey market against the issue price of ₹221.
