Pine Labs IPO Opens: Here's 5 key things you should know before applying

Pine Labs IPO: The initial public offering (IPO) of Pine Labs Limited opens for public subscription today, November 7, and will remain open till November 11, 2025. The issue comprises a fresh issue and an offer for sale (OFS) of shares worth Rs 3,899.91 crore.

The basis of allotment of the IPO shares is expected to be finalised on November 12, 2025, and the stock is expected to list on both the stock exchanges (BSE and NSE) on November 14, 2025, tentatively.

Pine Labs IPO anchor investors

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Pine Labs IPO garnered around Rs 1,753 crore from 70 anchor investors on November 6, 2025. The anchor investment saw participation from SBI Mutual Fund, Nomura, Templeton MF, Aditya Birla Sun Life MF, Mirae Asset MF, Massachusetts Institute of Technology, HSBC, ICICI Prudential Life Insurance, Tata MF, BNP Paribas, Axis My Life, Bandhan MF, Edelweiss MF, Morgan Stanley, Abakkus Flexi Edge Fund–1, Amundi Funds, Motilal Oswal, and others.

Pine Labs IPO details

The Pine Labs IPO is a book-build issue of Rs 3,899.91 crore, comprising a fresh issue of 9.41 crore shares (Rs 2,080 crore) and an offer-for-sale (OFS) of 8.23 crore shares (Rs 1,819.91 crore).

Axis Capital, Morgan Stanley India, Citigroup Global Markets India, J.P. Morgan India, and Jefferies India are the book-running lead managers of the issue, while Kfin Technologies Ltd is the registrar of the issue.

The IPO has allocated 50 per cent, 35 per cent and 15 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

Pine Labs IPO price band: Rs 210 to Rs 221 per equity share

Pine Labs IPO subscription date: From November 7 to November 11, 2025

Pine Labs IPO lot size: 67 shares (minimum investment of Rs 14,807)

Pine Labs IPO allotment date: November 12, 2025 (tentatively)

Pine Labs IPO listing date: November 14, 2025 (tentatively)

Pine Labs Limited company profile

Pine Labs Limited is a leading Indian merchant commerce platform providing point-of-sale (POS) solutions, payment processing, and merchant financing services.

Financially, the company reported an increase in revenue by 28 per cent and net profit by 57 per cent for the financial year ending March 2025.