Last Updated:
Pine Labs sets IPO price at Rs 210-221 per share for Rs 3,900 crore issue, with listing on BSE and NSE on November 14, 2025.
Pine Labs Fixes Price Band
Pine Labs IPO Price Band, GMP, And Key Dates: The fintech firm Pine Labs has announced the price band of Rs 210-221 per share for its upcoming initial public offering (IPO) amounting to Rs 3,900 crore. The payment gateway platform is backed by Peak XV Partners, Mastercard, PayPal, and Temasek Holdings.
The IPO consists both fresh issue worth Rs 2,080 crore and offer-for-sale (OFS) of 8.23 crore equity shares. Previously, the issue had an offer-for-sale of 14.78 crore equity shares.
Peak XV Partners, Macritchie Investments, Madison India, Mastercard Inc, PayPal Inc, AIM Investment Funds, and Actis Pine Labs Investment Holdings are selling their shares via the issue.
At the upper price band, the valuation of Pine Labs has touched Rs 25,377 crore.
Axis Capital, Morgan Stanley, Citi, JPMorgan, and Jefferies are book running lead managers, while KFin Technologies Limited is the registrar.
Pine Labs Opening Window And Key Dates
Pine Labs IPO will open between November 07, 2025 and November 11, 2025. The allotment is likely to be concluded on November 12, 2025, with the listing of BSE and NSE scheduled for November 14, 2025.
Pine Labs Financials
Pine Labs turned profitable this quarter to report at Rs 47.86 million for Q1FY26 after a string of losses. However, the fintech received a tax credit of Rs 96.35 million because of losses.
FY25 still shows a loss of Rs 1,454.87 million, but it’s smaller than FY24’s Rs 3,419.03 million.
The company reported a total income of Rs 6,530.76 million. However, its total expenses stood at Rs 6,578.63 million for the June 2025 quarter.
Pine Labs IPO Objectives
The proceeds of the IPO will be utilized for investment in certain of its subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding presence outside India.
Moreover, a portion of proceeds will be used to build and strengthen IT assets, expenditure towards cloud infrastructure, technology development initiatives, and procurement of DCPs.
The company will also use proceeds to repayment/prepayment of certain borrowings availed by the company and its subsidiaries.
Pine Labs IPO GMP Today
According to market observers, unlisted shares of Pine Labs Ltd are currently trading at Rs 281 apiece in the grey market, against the upper IPO price of Rs 221. It means a grey market premium (GMP) of 27.14%, indicating decent listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 03, 2025, 08:02 IST
Read More
