Pine Labs Limited
ListedMainboardFinancial 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
₹4
+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 12 days ago
Overall Subscription
2.48x
Total Demand
QIB Multiplier
3.97x
Institutions & Funds
NII / HNI
0.30x
High Net-Worth
Retail (RII)
1.26x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 52,897,083 | 209,792,544 | 3.97x |
| NIB | 26,451,214 | 8,030,754 | 0.30x |
| HNIs(10L +) | 17,634,143 | 4,366,323 | 0.25x |
| HNIs (2-10L) | 8,817,071 | 3,664,431 | 0.42x |
| RETAIL | 17,634,143 | 22,142,830 | 1.26x |
| EMPLOYEES | 125,000 | 972,706 | 7.78x |
| Total | 123,558,654 | 248,969,588 | 2.48x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 263,196 | 225,651 | 0.86x |
| EMPLOYEES | — | 6,195 | 0.00x |
| HNIs(10L +) | 18,800 | 599 | 0.03x |
| HNIs (2-10L) | 9,400 | 3,156 | 0.34x |
| Total Applications | 291,396 | 235,601 | 0.81x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Pine Labs Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Pine Labs Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Pine Labs Limited IPO is ₹4 per equity share. Based on the upper price band of ₹210 to ₹221 per equity share, the estimated listing price is ₹225 (+1.8% expected listing gain).
What is the expected profit per lot for Pine Labs Limited IPO?
With a lot size of 67 shares and current GMP of ₹4, the expected profit per application lot is approx ₹268 (+1.8% gain). Minimum application cost is approx ₹14,807.
What is the issue size and price band for Pine Labs Limited IPO?
The Pine Labs Limited IPO aggregate issue size is ₹3,899.91 Crores with an equity price band set at ₹210 to ₹221 per equity share. The retail lot size is 67 shares requiring a minimum capital outlay of approx. ₹14,807.
How can I check Pine Labs Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.48x (Retail: 1.26x, QIB: 3.97x, NII: 0.30x). You can track live multiples directly on our dedicated subscription page.
Where and when will Pine Labs Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-11-12. Investors can verify status using PAN card or application number.
When is the listing date for Pine Labs Limited IPO?
Pine Labs Limited shares are scheduled to list on NSE and BSE on 2025-11-14.