Pine Labs Share Price, IPO Listing, GMP Highlights: Pine Labs shares, a Fintech company, hit the bourses today, November 13, listing at a 9.5% premium at Rs 242 to the issue price. The stock closed 14% higher compared to the issue price.
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 multiples 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: Pine Labs closes day 1 up 4%
Pine Labs share price saw a strong day 1 performance. The stock listed with a 10% premium on the issue price.
After that the shares surged 4% intra-day and closed at Rs 252 per share. It listed at Rs 242 per share.
Overall the shares surged 14% from issue price of Rs 221 per share.
Pine Labs Share Price, IPO Listing, GMP Live: Share price surges 13%
The Pine Labs share price continues to gain ground after a solid listing. The stock is now up 13% after listing with a 10% premium.
Pine Labs Share Price, IPO Listing, GMP Live: Largest issuer of close loop gift cards
Pine Labs is the largest issuer of closed and semi-closed loop gift cards in India and among the top five in-store digital payment players, backed by global investors such as Temasek, Peak XV Partners, PayPal, Actis, and Mastercard. It is supported by growing profitability and expanding presence across India and Southeast Asia.
Pine Labs Share Price, IPO Listing, GMP Live: Street gives a green light to Pine Labs growth opportunity
Many market analysts believe that Pine Labs' proven track in terms of efficiency and creating a space for themselves in the bigger scheme of things is paying a crucial role in helping maintain the lead after a smart listing.
"They are a solution provider and already established themselves with the base and all," said market veteran Deven Choksey.
Pine Labs Share Price, IPO Listing, GMP Live: Scalable technology platform
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, while maintaining operational resilience.
The Pine Labs shares surged 7% in intra-day trade. The stock listed at a 10% premium to issue price.
Pine Labs Share Price, IPO Listing, GMP Live: Mehta Equities on listing
Pine Labs was listed better than street expectations despite valuations being slightly on the higher side at the issue level. The healthy debut reinforces investor confidence in the company’s strong fundamentals, scalable business model, and leadership position across digital payments and commerce-tech solutions, said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Pine Labs Share Price, IPO Listing, GMP Live: Partnership with big customers
The company, through its comprehensive suite of offerings, has developed deep partnerships with marquee names such as Croma, HDFC Bank, LG Electronics, Trent, HPCL, Apollo Pharmacy, etc, with some of these relationships spanning over a decade.
Pine Labs Share Price, IPO Listing, GMP Live: Pine Labs rises 5% from listing price
The share price of Pine Labs has surged further by almost 5% to Rs 253.63 on the National Stock Exchange. The IPO was listed at a premium of 10% to the issue price.
Pine Labs Share Price, IPO Listing, GMP Live: Listing at 10% premium
The shares of Pine Labs hit the bourses on November 24, listing at Rs 242 on the National Stock Exchange, a premium of 9.5% to the issue price. One BSE, the stock is listed at Rs 242, 9.5% premium.
Pine Labs Share Price, IPO Listing, GMP Live: Listing in 20 minutes
Pine Labs listing in 20 minutes from now. The issue price has been fixed at Rs 220 per share. All eyes on how the counter lists. The GMP indicates slight uptick
According to Deven Choksey, though Pine Labs has shows fundamental growth, the future trajectory is important.
He highlighted that, " How much growth they will be having in the current context with the change or evolving technology regime will be a key factor to watch. Nonetheless, I think, they have at least proven. So one would like to look at them little bit more closely from the investment perspective."
Pine Labs Share Price, IPO Listing, GMP Live: Deven Choksey on Pine Labs fundamentals
Key market veteran, Deven Choksey highlighted the factors to watch for Pine Labs.
According to him, "Pine Labs is a company which has been profitable, which has been a solution provider in the universe and that's a good proposition that we like. They already established themselves with the base and all. Rightfully they are going public to unlock the value."
Pine Labs Share Price, IPO Listing, GMP Live: What is the GMP indicating
The Pine Labs issue price has been fixed at Rs 220 per share. As of now the GMP indicates about 3% uptick. That indicates that the counter may list at a slight premium. However, all eyes at 10 pm when the stock makes its debut.
Pine Labs Share Price, IPO Listing, GMP Live: Partnerships with marquee customers
As of June 2025, Pine Labs served an ecosystem spanning across merchants in key verticals such as department stores & retailers, supermarkets, e-commerce, restaurants, grocery, lifestyle, consumer electronics, healthcare, travel and hospitality, as well as financial institutions and banks, financial technology companies, and new-age technology companies.
Pine Labs Share Price, IPO Listing, GMP Live: Expert view on IPO valuations
Speaking on the overall IPO valuations, market veteran Ambareesh Baligh highlighted that "Valuations have been expensive and people were investing for liaising gains - when listing gains have disappeared (except Groww), investors tend to take a step back."
Pine Labs Share Price, IPO Listing, GMP Live: Other revenue streams
The company's revenue is generated through a lot of segments. It earns revenue through transaction-based fees from financial institutions based on the number of transactions they process across bill payments. Primarily earn processing fees based on GTV processed or distributed through their platform, along with earning revenue through processing fees and subscriptions fees.
Pine Labs Share Price, IPO Listing, GMP Live: Earn via processing fees
The company don't just earn from in-house payments, but it earns processing fees from merchants, consumer brands and enterprises and financial institutions, which are linked to Gross Transaction Value (GTV) processed on their platform.
Pine Labs Share Price, IPO Listing, GMP Live: Revenue model
The company's revenue comes primarily from merchants and acquiring banks that pay them subscription fees that are charged based on the number of Digital check-out points (DCPs) used. In the case of online payments, it earns a fee from each merchant that is calculated based on the value of transactions that are processed on their platform.
Pine Labs Share Price, IPO Listing, GMP Live: GMP trending lower
The company is likely to be listed on NSE and BSE on November 14. The grey market premium for the IPO is on the lower side. As of the last update, GMP is Rs 5.5 with a price band of Rs 221. The IPO's estimated listing price is Rs 226.5 .
The grey market premium indicates a slight listing premium for the counter. However, readers must remember that GMP is an unofficial metric of investor sentiment. The actual listing price can be very different.
Pine Labs Share Price, IPO Listing, GMP Live: Revenue from international markets
The company aims to utilise up to Rs 60 crore of the net proceeds in its international subsidiaries. These include, Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE. For Q1FY26, the company generated 15% of its revenue from its international markets.
Pine Labs Share Price, IPO Listing, GMP Live: Overseas expansion for Pine Labs
For Q1FY26, company incurred total expenses worth Rs 69.1 crore in its international markets. The company's intends on expanding its presence in key international markets which include Middle East and Southeast Asia.
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.