Pine Labs IPO Day 3: Check Subscription Status & Key Highlights
The ?3,899.91 crore initial public offering (IPO) of Pine Labs enters its final day of public bidding today, 11 November, 2025. Till the end of day 2, the IPO received a total subscription of 0.54 times.?
Pine Labs IPO: Issue Details
- Issue Size: The Pine Labs IPO is a book-building issue of ?3,899.91 crore, consisting of a fresh issue of ?2,080 crore and an offer for sale of ?1,819.91 crore.?
- Price Band: The price band is set between ?210 and ?221 per share.
- Book-running lead managers: 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
- Registrar: KFin Technologies Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on November 14.?
Pine Labs IPO Day 3: Subscription Details
[11-November-2025 15:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
4.00 |
|
Non-Institutional Investors |
0.30 |
|
Retail Individual Investors (RIIs) |
1.22 |
|
Employees |
7.35 |
|
Total |
2.46 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be distributed towards?
- Repay/prepay outstanding debt
- Investment in subsidiaries, Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding presence outside India
- Invest in IT assets, procurement of digital check-out points (“DCP”) and technology development initiatives
- Fund capital expenditure towards cloud infrastructure
- General corporate purposes
- Unidentified inorganic acquisitions?
Pine Labs Business Overview?
Pine Labs is a leading merchant commerce and financial technology (“FinTech”) platform that enables digital payments, credit, and commerce solutions across in-store, online, and mobile channels.?
The Payments Platform enables in-store and online acceptance of digital payments through cards, UPI, wallets, and QR-based solutions. In FY 2025, Pine Labs processed a Gross Transaction Value (“GTV”) of ?11,424.97 billion, handling approximately 5.68 billion transactions across its platforms.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.?
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