P
Pine Labs Limited IPO
⚫ ListedNSE + BSEMainboard IPOTechnology
Issue Price
₹210–221
Issue Size
₹5000 Cr
Lot Size
68 shares
Min. Invest
₹15K
Open Date
3 Mar 2026
Close Date
5 Mar 2026
Allotment
6 Mar 2026
Listing Date
10 Mar 2026
53
IPOGenie Score
Neutral
out of 100
Grey Market Premium
+₹5
+2.26% above issue price
Est. Listing₹226
GMP is unofficial — not regulated by SEBI.
Listing Performance
+9.50%
Listed at ₹242
Current: ₹268
IPOGenie Score — Pine Labs Limited
Our 5-factor scoring model: Financial Quality (30) + Subscription (25) + GMP (20) + Business (15) + Risk (10). Total: 53/100 — Neutral.
Financial Quality7/30
Subscription Momentum25/25
GMP Sentiment5/20
Business Quality8/15
Risk Assessment8/10
This score is an analytical tool only, not investment advice. Consult a SEBI-registered advisor.
IPOGenie Market Signal🟡 Neutral
Mixed signals. GMP ₹5. Score 53/100 — approach with caution.
IPOGenie Review — Pine Labs Limited
Android POS terminals (Plutus Smart market leader) + payment gateway + BNPL/EMI + merchant loyalty. SE Asia presence adds growth optionality.
Listed 9.5% above issue price. Now at Rs 268 — 21% return from IPO. Strong merchant acquiring business + BNPL growth. SE Asia optionality not yet priced in. Hold.
Strengths
- Market leader in POS with 300K+ merchant relationships
- BNPL growth + SE Asia expansion
- Strong banking partnerships for EMI
Risks
- UPI growth reducing POS relevance long-term
- Competition from PayU, Razorpay online
- Profitability below valuation
Pine Labs Limited IPO — Complete Details
| Open Date | 3 March 2026 |
| Close Date | 5 March 2026 |
| Allotment Date | 6 March 2026 |
| Listing Date | 10 March 2026 |
| Price Band | ₹210 – ₹221 per share |
| Face Value | ₹1 per share |
| Lot Size | 68 shares |
| Min. Investment (Retail) | ₹15,028 |
| Issue Size | ₹5000 Crores |
| Fresh Issue | ₹2500 Crores |
| Offer for Sale (OFS) | ₹2500 Crores |
| Listing Exchange | NSE, BSE |
| IPO Type | Mainboard IPO (NSE + BSE) |
| Issue Type | Book Built |
| Registrar | Link Intime India Pvt Ltd |
| Lead Manager(s) | JM Financial Ltd, Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd |
| Anchor Allocation | ₹1500 Crores |
Pine Labs Limited — Financial Snapshot
Revenue
₹2800 Cr
Net Profit (PAT)
₹184 Cr
EPS (Diluted)
₹4.1
P/E (Post-Issue)
53.9x
ROE
7.8%
ROCE
9.4%
Market Cap
N/A
Sector
Technology
Use of IPO Proceeds
- 1Technology development
- 2SE Asia expansion
- 3OFS proceeds to existing investors
IPO Documents
⚠️ Always read the RHP before investing — it contains all material risk factors and financial disclosures.
Frequently Asked Questions — Pine Labs Limited IPO
When does Pine Labs Limited IPO open and close?
Pine Labs Limited IPO opens on 3 March 2026 and closes on 5 March 2026. Allotment is expected on 6 March 2026 and listing on 10 March 2026.
What is the price band and lot size of Pine Labs Limited IPO?
Pine Labs Limited IPO price band is ₹210–₹221 per share. Lot size is 68 shares. Minimum investment for retail investors is ₹15,028 (1 lot at cut-off price).
What is the GMP of Pine Labs Limited IPO today?
Pine Labs Limited IPO GMP (Grey Market Premium) today is ₹5 (+2.26%), suggesting an estimated listing price of ₹226. GMP is unofficial and not regulated by SEBI — use it as a sentiment indicator only.
How to check Pine Labs Limited IPO allotment status?
Check Pine Labs Limited IPO allotment status on the registrar website — Link Intime India Pvt Ltd (https://linkintime.co.in). You can also check on BSE (bseindia.com → Investors → Application Status) using your PAN number. Allotment is finalised on 6 March 2026.
Is Pine Labs Limited IPO good for investment?
IPOGenie rates Pine Labs Limited IPO as "Subscribe" with a score of 53/100. India's largest merchant commerce platform. 300,000+ POS terminals, Rs 4.2L crore annualised GMV. BNPL/EMI solutions with Bajaj Finance, HDFC, Axis Ba... Always read the RHP and consult a SEBI-registered advisor before investing.
How to apply for Pine Labs Limited IPO?
Apply for Pine Labs Limited IPO through: (1) UPI method — use any broker app (Zerodha, Groww, Upstox) and approve the UPI mandate. (2) ASBA — through your bank's net banking IPO section. Apply at cut-off price for best allotment odds. Maximum retail application is ₹2 lakh (13 lots).
What is the issue size of Pine Labs Limited IPO?
Pine Labs Limited IPO total issue size is ₹5000 Cr. Fresh issue is ₹2500 Cr and Offer for Sale (OFS) is ₹2500 Cr. Anchor investor allocation was ₹1500 Cr.