Pine Labs Ltd.

PINELABS

Equity

BSE,NSE

Min. Investment

₹ 2,10,000.00

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IPO Details

Bidding Dates

07 Nov 25 - 11 Nov 25

Price Range ₹

210 - 221

Total Equity

₹ 2163.45Cr

Lot Size

67

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

1.22×

Qualified Institutional Buyers

4.00×

Employees

7.35×

Retail Investors

1.22×

Total subscription Rate

2.46×

IPO Timeline

  1. Offer start

    07 Nov 2025

  2. Offer end

    11 Nov 2025

  3. Allotment

    12 Nov 2025

  4. Refund initiation

    13 Nov 2025

  5. Demat transfer

    13 Nov 2025

  6. Listing

    14 Nov 2025

About Company

Incorporated in 1998, Pine Labs Limited is a leading Indian fintech company offering merchant commerce and digital payment solutions. The company provides a comprehensive ecosystem connecting merchants, consumer brands, and financial institutions through its advanced point-of-sale (POS) systems, payment processing, and financing services. Pine Labs has transformed from a card-based payment provider into a full-fledged fintech platform, enabling India’s transition toward a cashless economy.Its offerings include smart POS devices, Buy Now Pay Later (BNPL) options, merchant financing, loyalty and gift solutions, and online payment APIs for e-commerce platforms. As of June 30, 2025, Pine Labs served over 988,000 merchants, 716 consumer brands, and 177 financial institutions, with major clients including Amazon Pay, LG Electronics, Flipkart, and HDFC Bank. The company’s scalable cloud infrastructure, deep partnerships, and innovative financial services have positioned it among the top fintech enablers in India.

Year Founded

18-05-1998

Promotor Details

B Amrish Rau

Promoter Holdings Details

00
ParticularPre-IPOPost-IPO

Offer to Public

9,78,93,739.00 Cr

Highlights

  • Offers a full range of fintech solutions, including POS, BNPL, and digital financing, catering to both offline and online merchants.
  • Trusted by top consumer brands and leading financial institutions like HDFC Bank, Axis Bank, and Amazon Pay.
  • Reported a 28% increase in revenue and 57% rise in PAT between FY24 and FY25, showing strong financial recovery.
  • Operates a cloud-based, scalable platform that supports millions of transactions efficiently.
  • Faces stiff competition from fintech players like Razorpay, Paytm, and PhonePe in both online and offline merchant solutions.

Challenges

  • Despite recent profit growth, the company recorded losses in previous years, indicating past financial instability.
  • With -4.15% RoNW, profitability and shareholder returns remain a concern.
  • Total borrowing increased to ₹888.74 crore, adding leverage risk.
  • Faces stiff competition from fintech players like Razorpay, Paytm, and PhonePe in both online and offline merchant solutions.
  • Backed by a professional leadership group with expertise in technology, finance, and digital transformation.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202494,874.590.96-2,651.45-2,651.45-2761.927
20214,52,987.001,287.10-226.18-226.18-0.2786
202392,518.850.16-1,454.87-1,454.87-1515.48962
202261,737.75135.29-226.18-226.18-0.2786
20251,05,582.050.96-1,454.87-1,454.87-1515.48962