Pine Labs IPO GMP, Allotment Status Live Updates: Fintech company Pine Labs is on the third day of its initial public offering (IPO), with bidding set to close this evening. The company’s Rs 3,900 crore IPO opened on November 7.
| Pine Labs IPO | Key Details |
| Price Band | Rs 210-221 per share |
| IPO Date | November 07- November 11 |
| GMP | 2% |
| IPO Allotment date | November 12 |
| Listing date | November 14 |
Pine Labs IPO: What the IPO includes
The public issue is structured as a combination of fresh shares and an offer-for-sale (OFS) by existing shareholders. Through this public offering, the company aims to raise Rs 2,080 crore through the fresh issue. Meanwhile, the current investors will sell shares worth Rs 1,820 crore via the OFS route.
Pine Labs IPO: Price band and minimum investment
The price band for the IPO is set between Rs 210-221 per share. The lot size is 67 shares, which means retail investors will need at least Rs 14,807 to apply for one lot at the upper end of the price range.
Pine Labs IPO: Key dates to remember
The bidding window will close today, November 11, and the allotment of shares is expected to be finalised on Wednesday, November 12.
Refunds and credit of shares to investor demat accounts are likely on Thursday, November 13. Pine Labs shares will list on the NSE and BSE on Friday, November 14.
Pine Labs IPO Allotment Status Live: Follow Live Coverage on Pine Labs IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
Pine Labs IPO Subscription Status, GMP Live: Merchants PineLabs served
Pine Labs served 988,304 merchants as of June 2025. In FY25, the company processed Rs 11.4 lakh crore in Gross Transaction Value (GTV) across 5.68 billion transactions. Pine Labs' ecosystem connects merchants, consumer brands and enterprises, and financial institutions.
Pine Labs IPO Subscription Status, GMP Live: Anand Rathi Research on valuation
At the upper band of the offer price, the fully diluted market capitalisation is calculated to be Rs 25,376.6 crore. The company is valued at a Price-to-Earnings (P/E) ratio of 50.5x based on estimated FY25 earnings. This P/E calculation uses the estimated basic earnings per share (EPS) for FY25, which is Rs 53.76.
However, the brokerag finds the valuation justified by the management's expectation of drivable substantial growth and strengthened competitive positioning in the digital payments and fintech infrastructure space over the medium to long term, recommending a 'Subscribe- Long Term' rating for the issue.
Pine Labs IPO Subscription Status, GMP Live: Financial performance
Pine Labs processed a gross transaction value (GTV) of Rs 11,424.97 billion and handled 5.68 billion transactions during FY25. The company’s merchant base crossed 988,000, supported by 716 consumer brands and 177 financial institutions as of June 2025.
Pine Labs IPO Subscription Status, GMP Live: IPO closes today, GMP signals caution
The Pine Labs IPO closes today. The GMP trend has absolutely flattened out. THis indicates that the investors expect listing closer to the issue price.
However, readers must keep in mind the GMP is an unofficial indicator of sentiment. The actual listing price could be vastly different.
Pine Labs IPO Subscription Status, GMP Live: Price band
The price band for the issue was fixed between Rs 210 and Rs 221 per share. For retail investors, the minimum lot size stood at 67 shares, translating to an entry cost of Rs 14,807 at the upper end.
Small non-institutional investors (sNIIs) were required to bid for 14 lots (938 shares worth Rs 2.07 lakh), while big NIIs (bNIIs) had a minimum size of 68 lots (4,556 shares worth Rs 10.06 lakh).
Pine Labs IPO Subscription Status, GMP Live: Subscription window and listing schedule
The IPO opened for public subscription on November 7, and closed on November 11. The share allotment is expected to be finalized on November 12, with listing on BSE and NSE scheduled for November 14.