Pine Labs IPO 2025: Price Band, Key Dates & Investor Insights

The Pine Labs IPO is set to make waves in India’s fintech market with a price band fixed at ₹210–₹221 per share. This IPO is designed to strengthen Pine Labs’ financial position, support international expansion, and offer strategic returns to existing investors.

IPO Price Band and Key Dates

The Pine Labs IPO will open for subscription on November 7, 2025, and close on November 11, 2025. The equity shares have a face value of Re 1 each, and the IPO aims to raise ₹2,080 crore via a fresh issue, alongside a divestment of approximately 8.23 crore shares by major stakeholders.

• Basis of Allotment: November 12, 2025

• Refunds and Share Credit: November 13, 2025

• Listing on BSE & NSE: November 14, 2025

This structured timeline ensures transparency and clarity for all investors participating in the IPO.

Lot Size and Investor Reservation

The IPO has a lot size of 67 equity shares, with additional shares allotted in multiples of 67. Allocation is structured as follows:

• Qualified Institutional Buyers (QIBs): Minimum 75%

• Non-Institutional Investors (NIIs): Maximum 15%

• Retail Investors: Maximum 10%

This approach prioritizes institutional confidence while still providing opportunities for retail investors to participate.

Employee Allocation and Discount

Pine Labs has reserved ₹25 million worth of shares exclusively for employees. Eligible employees will benefit from a discount of ₹21 per equity share, incentivizing internal stakeholders to engage with the IPO.

Offer Composition and Major Investors

The Pine Labs IPO comprises a fresh issue and an offer-for-sale (OFS) by key shareholders. Notable selling entities include:

• Peak XV Partners

• Actis

• PayPal

• Mastercard Asia/Pacific

• Temasek via Macritchie Investments

• Invesco

• Madison India Capital

• MW XO Digital Finance Fund Holdco

• Lone Cascade LP

• Sofina Ventures S.A.

• Co-founder Lokvir Kapoor

This mix of strategic investors ensures a strong institutional backing and adds credibility to the IPO.

Use of IPO Proceeds

The funds raised through the Pine Labs IPO will be utilized strategically:

1. Debt repayment and balance sheet strengthening

2. Investment in IT assets and cloud infrastructure

3. Technology development and innovation

4. Acquisition of digital checkout points

5. Supporting global subsidiaries including Qwikcilver Singapore, Pine Payment Solutions (Malaysia), and Pine Labs UAE

This careful allocation underscores Pine Labs’ commitment to sustainable growth and international expansion.

International Expansion Plans

Beyond India, Pine Labs is investing in expanding its footprint across Asia and the Middle East. Subsidiaries like Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE will leverage IPO proceeds to enhance digital payment solutions globally.

Key Takeaways

The Pine Labs IPO is more than a fundraising exercise. It strengthens financial health, enhances investor trust, and facilitates global expansion. The structured allotment, clear investor reservation, and strong backing from prominent investors make it a pivotal event in India’s fintech ecosystem.

At KuberGrow, we bring real, verified pre-IPO insights — so you don’t just invest, you invest smart.

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