The Pine Labs IPO minimum market lot is 67 shares with ₹14,807 application amount. The Pine Labs IPO is a Mainboard IPO, and it is to be listed on BSE & NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Pine Labs IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.02 | 0.63 | 3.97 |
| NII | 0.07 | 0.12 | 0.30 |
| bNII | 0.03 | 0.07 | 0.25 |
| sNII | 0.14 | 0.24 | 0.42 |
| RII | 0.57 | 0.91 | 1.27 |
| EMP | 3.14 | 5.19 | 7.78 |
| Total | 0.13 | 0.55 | 2.48 |
Pine Labs IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Pine Labs IPO Review
- May Apply for long term
Pine Labs IPO Form
How to apply for the Pine Labs IPO? You can apply for Pine Labs IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Pine Labs IPO in the Invest section. The other option is you can apply for Pine Labs IPO via IPO forms downloaded online. Check out the pine-labs forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
