Pine Labs Share Price, IPO Listing, GMP Live Updates: Pine Labs shares, a Fintech company, are all set to hit the bourses today, November 13. The IPO allotment was undertaken on November 12.
The issue was subscribed 2.5 times, and the issue price has been fixed at Rs 221. The Rs 3,900 crore IPO was open for subscription between November 7-11.
| Pine Labs IPO | Key Details |
| Issue Price | Rs 221 per share |
| IPO Date | November 07- 11 |
| GMP | 3% |
| IPO Allotment date | November 12 |
| Listing date | November 14 |
Pine Labs IPO: What the IPO includes
The public issue was a mix of fresh shares and an offer-for-sale (OFS) by existing shareholders. Through this public offering, the company raised Rs 2,080 crore through the fresh issue. Meanwhile, the current investors sold shares worth Rs 1,820 crore via the OFS route.
Pine Labs IPO: Expert take
“At the upper price band, the stock is trading at EV/Sales, EV/EBITDA and EV/Adj EBITDA multiple of 8.0x, 82.8x and 50.7x, respectively, based on post-issue capital. On the back of a robust business model, going forward, we believe the company is well placed to deliver profitable growth and hence, we recommend investors to ‘Subscribe’ to the issue with a long-term investment horizon,” said SBI Securities in an IPO note.
Pine Labs Share Price, IPO Listing LIVE: Check here Live Coverage on Pine Labs IPO Listing, GMP, Share Price, Price Band, Review
Pine Labs Share Price, IPO Listing, GMP Live: High dependency on customers
The company is highly dependent on its customers. In FY25, about 31% of the company's revenue from operations came from its top 10 customers. “If we are unable to retain our existing customers and acquire additional customers, our business, financial condition, and results of operations could be adversely affected," the company said in its RHP.
Pine Labs Share Price, IPO Listing, GMP Live: Regulatory risks
The company’s operations are subject to regulation, oversight, and inspection by the Reserve Bank of India and RBI Information Technology Pvt Ltd. Any adverse observations, proceedings or notices from the RBI or ReBIT may have an adverse impact on the company’s performance.
Pine Labs Share Price, IPO Listing, GMP Live: Decline in use of prepaid cards
Decline in the use of credit cards, debit cards, prepaid cards, UPI, and other payment mechanism enabled on the company's platform can adversely harm Pine Labs future growth and success, the company said in its RHP. Further, government might also implement restrictive rules and regulations for prepaid card services which can limit the company's growth, it added.
Pine Labs Share Price, IPO Listing, GMP Live: Heightened competition for Pine Labs
Pine Labs in its RHP has stated that the company operates in a highly competitive environment and the competition in this market may further intensify. Some of its competitors may offer free products and services. This heightened competition can adversely impact the company's margins and overall business operations.
Pine Labs Share Price, IPO Listing, GMP Live: Cloud based flexible and scalable technology platform
Further, the API-first design promotes rapid integration, interoperability, and ease of customisation, making it simple for the ecosystem partners to adopt and build upon, while its modular architecture allows for agile deployment of new features and services, maintaining operational resilience.
Pine Labs Share Price, IPO Listing, GMP Live: Will it deliver a listing pop
The GMP for Pone Labs indicates a listing pop. It shows that the IPO may list at a slight premium to the issue price. However, readers must remember that the GMP is an unofficial indicator of investor sentiment. It may not always be accurate.
The company’s technology stack is purpose-built to support the scale, speed and security required in digital commerce and leverages a cloud-native infrastructure that facilitates high availability and elastic scalability, enabling the platform to handle substantial transaction volumes.
Pine Labs Share Price, IPO Listing, GMP Live: Product offerings
The company primarily operates through a) Digital infrastructure & Transaction Platform, which comprises in-store and online payment infrastructure, affordability, value-added services, and fintech infrastructure solutions and software applications, and b) Issuing and Acquiring Platform, which comprises issuing, processing and distribution of prepaid solutions and engagement solutions, along with unified issuing and acquirer processing platforms.
Pine Labs Share Price, IPO Listing, GMP Live: About Pine Labs
Pine Labs is a technology-led company focused on digitising commerce through digital payments and issuing solutions for merchants, consumer brands, enterprises, and financial institutions. Its offerings enable multiple workflows for merchants, including digital payments, smooth integration with billing systems, rewards and loyalty programme management, affordability options for end consumers, value-added services such as dynamic currency conversion, and digitising their stores through business software applications