PINE LABS LIMITED

07 Nov 2025 - 11 Nov 2025 Individual Category Main Board BSE NSE

Min Investment

₹14807

Price Band

₹210-₹221

Issue Size

₹9.79 Cr

Lot Size

67 (per lot)

IPO Dates
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07 Nov 2025

Open Date

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11 Nov 2025

Close Date

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TBI

Allotment Date

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14 Nov 2025

Listing Date

Know Before Investing

Strengths icon

  • Leading player in digital payments and issuing platforms with a strong tech stack.
  • Integrated suite of in-store, online payments, and prepaid solutions.
  • Strong market presence across India and Southeast Asia.
  • Robust merchant partnerships and scalable cloud-based infrastructure.
  • Recognised with multiple awards in fintech innovation and service.

Weaknesses icon

  • Recent financial losses due to high operating expenses.
  • Exposure to fraud, chargebacks, and billing disputes.
  • Dependency on cloud and tech partners like AWS for scalability.
  • Regulatory challenges in expanding to new international markets.
  • Vulnerable to competition from fintechs and government digital platforms like UPI.

About Pine Labs Limited

We are a technology company focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions. Our advanced technology infrastructure helps to accelerate their digitization journey in India and a growing number of international markets including Malaysia, UAE, Singapore, Australia, the U.S. and Africa. Our “Digital Infrastructure and Transaction Platform” comprises in-store and online payment infrastructure, affordability, value added services (“VAS”) such as dynamic currency conversion and transaction processing, and financial technology (“FinTech”) infrastructure solutions and software applications. Our “Issuing and Acquiring Platform” comprises issuing, processing and distribution of prepaid solutions and engagement solutions, along with our unified issuing and acquirer processing platforms. Through our cloud-based software technology we help digitize, simplify and make commerce more secure for our ecosystem of merchants, consumer brands and enterprises, and financial institutions, ultimately empowering them to serve consumers and enable consumption.

IPO Objectives

1. a) Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company.b) Investment in certain of our Subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding our presence outside India.c) Investment in IT assets, expenditure towards cloud infrastructure, procurement of digital check-out points (“DCP”) and technology development initiatives.d) General corporate purposes and unidentified inorganic acquisitions.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 4
Non-Institutional Buyers 0.3
Retail Investors 1.22
Total 5.52
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