Pine Labs IPO: Date, Share Price, Review & Details
Pine Labs, a leading Indian fintech company, has received approval from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, which could be worth up to $1 billion, is one of the most anticipated public listings in India's technology sector this year.
About Pine Labs
Founded in 1998, Pine Labs is a merchant commerce company that provides a wide range of digital payment and financial services. The company specialises in:
-
Point-of-Sale (POS) Solutions: Offering smart POS devices and payment processing services to merchants of all sizes.
-
Buy Now Pay Later (BNPL): A leading player in the BNPL space, enabling easy financing options for consumers at the point of sale.
-
Merchant Financing: Providing working capital and other financing solutions to its merchant partners.
-
Loyalty and Gift Solutions: Offering customised loyalty programs and gift card services through its subsidiary, Qwikcilver.
-
E-commerce and Online Payments: Facilitating online payment acceptance for businesses.
As of December 31, 2024, Pine Labs served over 915,000 merchants and processed a Gross Transaction Value of Rs 7.53 Lakh Crores in the first nine months of fiscal year 2025. The company has a strong presence in India, Southeast Asia, and the Middle East and is backed by prominent investors like Peak XV Partners, PayPal, and Mastercard.
Pine Labs IPO Details (2025)
-
IPO Dates: The official dates for the IPO are yet to be announced, but with SEBI's approval, the launch is expected soon.
-
Issue Size: The IPO is expected to raise approximately $1 billion (around Rs 8,300 crore). This includes a fresh issue of shares worth Rs 2,600 crore and an Offer for Sale (OFS) of up to 147.8 million shares by existing shareholders.
-
Valuation: The company is reportedly seeking a valuation of up to $6 billion.
-
Listing: The shares will be listed on both the BSE and NSE.
Use of IPO Proceeds
The funds raised from the fresh issue will be utilised for several strategic purposes, including:
-
Debt Repayment: A significant portion (Rs 870 crore) will be used for the repayment or prepayment of borrowings.
-
International Expansion: The company plans to invest in its subsidiaries in Singapore, Malaysia, and the UAE to expand its presence outside India.
-
Technology Investment: Funds will be allocated for IT assets, cloud infrastructure, and technology development (Rs 760 crore).
-
General Corporate Purposes: The remaining funds will be used for general corporate purposes and potential inorganic growth opportunities.
Financial Performance
Pine Labs has shown consistent revenue growth, with its revenue from operations increasing to Rs 1,341.01 crore in fiscal year 2024 from Rs 1,290.73 crore in the previous year. However, the company's losses have also widened during the same period, which is a key factor for investors to consider.
What You Can Find on This Page
This page provides a comprehensive overview of the Pine Labs IPO, including:
-
Live IPO Subscription Status: Track the subscription numbers once the IPO is open.
-
Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.
-
Allotment and Listing Information: Find out the allotment status and track the share price once it is listed.
-
Financial Data: Access detailed financial statements and key performance indicators.
-
Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.
Frequently Asked Questions (FAQs) about Pine Labs IPO
Q1: What is the issue size of the Pine Labs IPO?
The total IPO size is expected to be around $1 billion, with a fresh issue of Rs 2,600 crore and an Offer for Sale (OFS) by existing shareholders.
Q2: When will the Pine Labs IPO be launched?
The official dates have not been announced, but with SEBI's approval, the IPO is expected to be launched in the near future.
Q3: What does Pine Labs do?
Pine Labs is a fintech company that provides digital payment solutions, merchant financing, and BNPL services to a large network of merchants.
Q4: Is Pine Labs a profitable company?
The company has reported consistent revenue growth but has also seen its losses widen in recent years, which is a key risk for investors.
For the latest updates on the Pine Labs IPO, including dates, price band, and other details, keep visiting this page.