Pine Labs IPO Opens on November 7; Issue Size Reduced to ₹3,899.91 Crore

Noida, November 3: Fintech firm Pine Labs Limited has announced the details of its upcoming initial public offering (IPO), setting the price band at ₹210 to ₹221 per share. The company has trimmed the total issue size to ₹3,899.91 crore from the earlier planned ₹5,867 crore.

Pine Labs IPO is scheduled to open on November 7. The ₹3,899.91 crore Pine Labs IPO is a combination of a fresh issue of 9.41 crore shares aggregating to ₹2,080.00 crore and an offer for sale of 8.23 crore shares aggregating to ₹1,819.91 crore.

The lot size is 67 shares per application. The minimum amount required by a retail investor is ₹14,807 (67 shares) (based on the upper price). The lot size investment for sNII is 14 lots (938 shares), amounting to ₹2,07,298, and for bNII, it is 68 lots (4,556 shares), amounting to ₹10,06,876. Axis Capital Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue.

Pine Labs is an Indian company that offers merchant commerce services for digital payments and financing. The company was established in 1998 and is headquartered in Noida, Uttar Pradesh.

Pine Labs IPO Key Details

The Pine Labs IPO opens on November 7 and will close on November 11. The Pine Labs IPO share allotment is expected on November 12. The company will credit the shares and initiate refunds on November 13. The shares of the company are expected to list on NSE and BSE on November 14. The anchor book for Pine Labs IPO will open on November 6.

Pine Labs Financial Performance

For the quarter ended June 2025, Pine Labs reported a net profit of ₹4.8 crore, compared with a loss of ₹27.9 crore in the same period last year. Revenue rose 17.9% year-on-year to ₹615.9 crore from ₹522.4 crore.

What’s Ahead for Pine Labs IPO?

Pine Labs is a well-known name in the B2B merchant commerce segment. Furthermore, it has reported a strong turnaround in its financials, reporting a profit against a previous loss. Retail investors will be keenly watching the anchor allocation and how other investors, such as QIBs and NIIs, react to the Pine Labs IPO, once it opens for subscription on November 7.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations