Pine Labs IPO: Pine Labs’ initial public offering (IPO) is all set to open for public subscription next week, starting Friday, 7 October 2025, as the fintech company aims to raise funds from the Indian stock market.
The Noida-based company provides its customers with commercial and digital payment solutions, which include point-of-sale (POS) machines and online payment systems, among other things. The company caters to clients like merchants and consumer-facing brands.
From the key IPO dates, offer details to the public issue objective, investors should check out the top 10 things they should be aware of before the IPO opens for public subscription next week. The company filed its final RHP with the capital market regulator on Friday, 31 October 2025.
Pine Labs IPO — 10 things to know from the RHP
1. Pine Labs IPO dates: Pine Labs IPO is set to open for public subscription on Friday, 7 November 2025, and is scheduled to close after the bidding round on Tuesday, 11 November 2025, on the final day.
2. Pine Labs IPO offer details: The company is offering a book-built public issue comprising a fresh issue of shares amounting to ₹2,080 crore, along with an offer for sale (OFS) component of up to 8,23,48,779 equity shares with the face value of Re 1 apiece.
The company has not disclosed the total offer size of the public issue.
3. Pine Labs IPO OFS shareholder details: Peak XV Partners, Actis Pine Labs, Macritchie Investments, PayPal, Mastercard, AIM Investment Funds, Madison India, Lone Cascade, Lokvir Kapoor, and Sofina Ventures are the investors selling stakes in the IPO.
Pine Labs is looking to sell more than 8.23 crore equity shares with the face value of Re 1 apiece.
4. Pine Labs IPO objective: The company plans to prepay or repay certain borrowings up to ₹532 crore, according to the official RHP data. The company also aims to invest ₹60 crore in certain investment activities in the subsidiaries.
Pine Labs also plans to invest ₹769 crore in IT assets, expenses towards cloud infrastructure, and procurement of digital check-out points and technology development initiatives. The company plans to use the remaining funds for general corporate purposes.
5. Pine Labs IPO anchor date: The Pine Labs IPO is set to hold its anchor investors round for marquee investors one day ahead of the public subscription. The anchor round is set to be held on Thursday, 6 October 2025.
6. Pine Labs IPO allotment and listing date: Shares of the public issue are expected to be allotted to stock market investors on Wednesday, 12 November 2025, while the stock is estimated to be listed on Friday, 14 November 2025, at the NSE and BSE indices.
7. Pine Labs IPO reservations: Pine Labs plans to allocate at least 75% of the public issue to the Qualified Institutional Buyers (QIB), while not more than 10% of the offer to the retail investors, and not more than 15% to the non-institutional investors (NII) portion.
8. Pine Labs IPO book runner & registrar: Axis Capital Limited, Morgan Stanley India Company Pvt. Limited, Citigroup Global Markets India Pvt. Limited, J.P. Morgan India Pvt. Limited, Jefferies India Pvt. Limited are the book-running lead managers to the public issue, while KFin Technologies Limited is the registrar to the offer.
9. Pine Labs IPO revenues: The company’s total income rose 22% to ₹653 crore in the April-June quarter of the fiscal year 2025-26, compared to ₹535 crore in the same period a year ago, according to the data collected from the company’s RHP.
10. Pine Labs IPO net profits: As of the quarter ended April-June for the financial year 2025-26, the net profits of the company stood at ₹4.78 crore, while the firm posted a ₹27.88 crore net loss in the same period the previous financial year.
Read all stories by Anubhav Mukherjee
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