Mumbai: Pine Labs Limited has officially announced that its much-awaited Initial Public Offer (Pine Labs IPO) will open for public subscription on Friday, November 7, 2025, and close on Tuesday, November 11, 2025. The Anchor Investor Bidding Date is scheduled for Thursday, November 6, 2025.
The Pine Labs IPO price band has been set between ₹210 and ₹221 per equity share, each having a face value of ₹1. Eligible employees applying in the reserved category will receive a ₹21 per share discount. Investors can submit bids for a minimum of 67 shares and in multiples of 67 thereafter.
Also Read: Capgemini World Payments Report 2026: 40 Per Cent of Merchants Plan Shift to PayTechs
Pine Labs IPO: Offer Structure and Utilization of Proceeds
The Pine Labs IPO comprises a fresh issue aggregating up to ₹20,800 million and an offer for sale of up to 82,348,779 equity shares by existing shareholders.
As detailed in the Red Herring Prospectus (RHP) dated October 31, 2025, the proceeds from the fresh issue will be used for repayment of borrowings, investment in subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions (Malaysia), and Pine Labs UAE, and for IT infrastructure upgrades, cloud expansion, digital checkout solutions, and strategic acquisitions.
Listing and Lead Managers
The equity shares offered in the Pine Labs IPO are proposed to be listed on both the BSE and NSE, with the National Stock Exchange designated as the lead exchange.
The Book Running Lead Managers (BRLMs) for the IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Jefferies India Private Limited.
Investors and stakeholders can review the Red Herring Prospectus (RHP) on the company’s official website for complete details, including the list of selling shareholders and other key offer information.
RHP Link: https://cdn.pinelabs.com/india/investors/pdf/offer-documents/Pine-Labs-Limited-RHP.pdf
