
Financial Technology · NSE / BSE
Founded in 1998 and headquartered in Noida, Pine Labs is a leading Indian merchant commerce platform that offers POS solutions, payment processing, and merchant financing services. It helps businesses of all sizes—from small retailers to large enterprises—adopt digital payment technologies and enhance customer experiences. The company’s offerings include smart POS devices that accept multiple payment modes, Buy Now Pay Later (BNPL) options, short-term financing for merchants, loyalty and gift solutions, and online payment tools for e-commerce platforms. As of December 31, 2024, Pine Labs served over 9 lakh merchants and worked with major brands like Amazon Pay, LG Electronics, Flipkart, and banks such as HDFC, Axis, and ICICI. Over the years, Pine Labs has grown from a simple card payment provider into a comprehensive fintech platform driving India’s cashless retail transformation.
Price Band
₹210 – ₹221
Issue Size
₹3900 Cr
Lot Size
67 shares
GMP
+1.8%
Est. Listing
₹225
at current GMP
Subscribed
2.48x
overall
Open
7 Nov 2025
Close
11 Nov 2025
Allotment
12 Nov 2025
Refund
13 Nov 2025
Demat Credit
14 Nov 2025
Listing
14 Nov 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹221
Band: ₹210 – ₹221
Estimated Listing Price
₹225
Upper price + GMP
Lot Size
67 shares
Min investment ₹14,807
Estimated Profit / Lot
₹268
67 × ₹4
Grey Market Premium trend
+₹4
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹4 | 1.8% | ₹225 |
| 30 Oct 2026 | +₹4 | 1.8% | ₹225 |
| 29 Oct 2026 | +₹4 | 1.6% | ₹225 |
GMP is unofficial market data. Not a guarantee of listing performance.
Pine Labs Limited is bringing an initial public offering (IPO) in the Financial Technology sector with an aggregate issue size of ₹3,899.91 Crores. The shares are offered at a price band of ₹210 to ₹221 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 67 shares (approx. ₹14,807 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-11-14, while un-allotted funds or UPI block mandates will be released on 2025-11-13.
The latest grey market premium for Pine Labs Limited IPO is ₹4, which indicates an expected listing price of ₹225.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.