Copyright timesnownews
Pine Labs, among the leading digital payments and merchant commerce platforms, is gearing up for its much-anticipated Initial Public Offering (IPO) worth Rs 3,899.91 crore this week. The issue includes a fresh equity sale of Rs 2,080.00 crore through 9.41 crore new shares, and an Offer for Sale (OFS) of 8.23 crore shares amounting to Rs 1,819.91 crore. The Pine Labs IPO will open for subscription on November 7, 2025, and close on November 11, 2025. The allotment of shares is likely to be completed by November 12, 2025, with refunds and credits to demat accounts scheduled for November 13, 2025. The company’s shares are expected to debut on both BSE and NSE on November 14, 2025. IPO Price Band The price band has been fixed between Rs 210 and Rs 221 per share, and the lot size is 67 shares. Retail investors can start with a minimum investment of Rs 14,807, while small and big high-net-worth investors (sNII/bNII) need to invest at least Rs 2,07,298 and Rs 10,06,876, respectively. Pine Labs IPO GMP Pine Labs IPO's last GMP is Rs 12, last updated Nov 6th 2025 04:36 pm, according to the grey market tracking website, Investorgain. With the price band of 221.00, Pine Labs IPO's estimated listing price is Rs 233 (cap price + today's GMP). The expected percentage gain/loss per share is 5.43 per cent. IPO Structure And Reservation This book-building issue has Axis Capital Ltd. as the book-running lead manager and Kfin Technologies Ltd. as the registrar. The offering includes both fresh capital and OFS components, with at least 75 per cent of the shares reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 10 per cent for retail investors. Employees will also receive a Rs 21 per share discount as part of the issue. About Pine Labs Founded in 1998, Pine Labs has evolved into a powerhouse in merchant commerce solutions. The company’s ecosystem supports retailers of all sizes through cutting-edge point-of-sale (POS) systems, payment processing, and merchant financing options. Its Buy Now, Pay Later (BNPL) and loyalty and gift card programs further enhance merchant-customer engagement. With this IPO, Pine Labs aims to strengthen its balance sheet and expand its digital payments infrastructure. Investors keen on the fintech space are watching closely as the company prepares to make its public market debut. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
