Pine Labs IPO: See price, lot size, GMP of this PoS solution giant's issue

Kolkata: Pine Labs is a major merchant commerce platform offering point-of-sale solutions, payment processing, and merchant financing services empowering small retailers and large enterprises alike with digital payment technologies and value-added services. At the end of June this year, Pine Las had as many as 988,304 merchants, 716 consumer brands and enterprises, and 177 financial institutions serving brands such as Amazon Pay, LG Electronics, Flipkart Internet Private Limited, Redington and the three biggies of the private sector Indian banks HDFC Bank, Axis Bank and ICICI Bank.

The IPO will consist of 9.41 crore fresh shares aggregating to Rs 2,080.00 crores and an OFS (offer for sale) segment of 8.23 crore shares aggregating to Rs 1,819.91 crore.

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According to investorgain, Pine Labs IPO GMP stood at Rs 22 in early morning of November 5. Considering the upper end of the price band to be Rs 221, the listing gain signalled by this GMP is 9.95%. The GMP declined sharply from Rs 60 on November 1. However, it must be remembered that Grey market Premium or GMP is an unofficial indicator that can easily change with time. It cannot guarantee anything -- listing gain or loss.

The Pine Labs IPO price band has been fixed at Rs 210-221. For a retail investor, the smallest investible lot is 67, which needs an application amount of Rs 14,807 based on upper price. For a sNII investor the minimum lot is 938 shares and for a bNII investor the lot is 4,556 shares. Axis Capital is the lead manager and Kfin Technologies the registrar to the issue.

IPO Open: Nov 7-11, 2025

Allotment: Nov 12

Refund: Nov 13

Credit of shares to demat: Nov 13

Listing: Nov 14

Cut-off time for UPI mandate confirmation: 5 pm on Nov 11