Pine Labs Secures ₹1,753 Crore from Anchor Investors Ahead of ₹3,899 Crore IPO

1 min read Updated on 07 Nov 2025, 05:15 AM

Reviewed by

Radhika SScanX News Team

Overview

Pine Labs, a leading fintech company, has raised ₹1,753 crore from over 70 anchor investors, allocating 7.9 crore equity shares at ₹221 per share. The company's upcoming IPO is worth ₹3,899 crore, comprising a fresh issue of ₹2,080 crore and an Offer for Sale of ₹1,819.9 crore. Domestic mutual funds received 47% allocation, with participation from SBI MF, Aditya Birla Sun Life MF, and Mirae Asset MF. Foreign investors, insurance companies, and other institutions also participated. The IPO values Pine Labs at over ₹25,300 crore at the upper price band. Retail investors can invest a minimum of ₹14,807 for a lot size of 67 shares. The Grey Market Premium stands at ₹12 per share, indicating positive market sentiment.

*this image is generated using AI for illustrative purposes only.

Pine Labs, a leading fintech company, has made significant strides in its journey to go public by successfully raising ₹1,753 crore from anchor investors. This development comes just before the launch of its Initial Public Offering (IPO) worth ₹3,899 crore.

Anchor Investment Details

Pine Labs allocated 7.9 crore equity shares to over 70 anchor investors at ₹221 per share, which represents the upper end of the price band. The anchor book saw participation from a diverse group of investors, including:

Domestic mutual funds
Foreign institutional investors
Insurance companies
Notable institutions

Investor Category	Allocation Percentage	Notable Participants
Domestic Mutual Funds	47%	SBI MF, Aditya Birla Sun Life MF, Mirae Asset MF
Foreign Investors	-	Nomura, Templeton MF, Massachusetts Institute of Technology
Insurance Companies	-	ICICI Prudential Life Insurance
Others	-	HSBC

IPO Structure and Valuation

The Pine Labs IPO comprises two components:

Fresh issue: ₹2,080 crore
Offer for Sale (OFS): ₹1,819.9 crore

At the upper price band of ₹221 per share, Pine Labs could potentially be valued at over ₹25,300 crore.

Investment Details for Retail Investors

Minimum investment: ₹14,807
Lot size: 67 shares

Market Sentiment

The Grey Market Premium for Pine Labs shares currently stands at ₹12 per share, indicating positive sentiment among investors ahead of the IPO.

Conclusion

Pine Labs' successful anchor book building demonstrates strong investor interest in the fintech sector. As the IPO opens for public subscription, all eyes will be on how retail and institutional investors respond to this offering in the Indian capital market landscape.

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Pine Labs Sets IPO Price Band at ₹210-221, Aims for ₹25,377 Crore Valuation

1 min read Updated on 03 Nov 2025, 07:45 AM

Reviewed by

Shraddha JScanX News Team

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Overview

Pine Labs, a leading payment solutions provider, has set its IPO price band at ₹210-₹221 per share. The subscription window will be open from November 7 to November 11. The company aims to raise ₹3,900 crore, including a fresh issue of ₹2,080 crore and an offer for sale of 8.23 crore shares by existing investors. The IPO's lot size is 67 shares, targeting a valuation of up to ₹25,377 crore. Listing is expected on November 14 on BSE and NSE. Funds will be used for debt repayment, technology investment, and international expansion. Pine Labs reported revenue of ₹1,208 crore and profit of ₹26.14 crore for the nine months ended December.

*this image is generated using AI for illustrative purposes only.

Pine Labs, a prominent player in the payment solutions sector, has announced the price band for its much-anticipated Initial Public Offering (IPO). The company is set to open its subscription window from November 7 to November 11, marking a significant milestone in its journey to go public.

IPO Details

Particulars	Details
Price Band	₹210 - ₹221 per share
Lot Size	67 shares
Issue Size	₹3,900 crore
Fresh Issue	₹2,080 crore
Offer for Sale	8.23 crore shares
Targeted Valuation	Up to ₹25,377 crore
Expected Listing Date	November 14
Listing Venues	BSE and NSE

Revised Offer Structure

Pine Labs has made notable adjustments to its initial offering plans:

The total issue size has been reduced to ₹3,900 crore.
The fresh issue component has been trimmed to ₹2,080 crore.
Existing investors, including Peak XV Partners, PayPal, and Mastercard, will now sell 8.23 crore shares.

Fund Utilization

The proceeds from the fresh issue are earmarked for several strategic initiatives:

Purpose	Allocation (in ₹ crore)
Debt Repayment	532.00
Technology Investment	760.00
International Expansion	60.00

Financial Performance

For the nine months ended December, Pine Labs reported:

Metric	Amount (in ₹ crore)
Revenue	1,208.00
Profit	26.14

Market Position

Pine Labs operates in a competitive landscape, facing off against major players like Paytm and PhonePe in the payment solutions sector. The company's move to go public comes at a time when the fintech industry in India is experiencing rapid growth and transformation.

The IPO represents an opportunity for investors to participate in the growth story of one of India's leading fintech companies. However, as with any investment, potential investors are advised to carefully review the offer document and consider their financial objectives before making a decision.

Conclusion

Pine Labs' IPO is set to be one of the notable public offerings in the Indian fintech space. The revised offer structure and strategic allocation of funds indicate the company's focus on strengthening its financial position and fueling growth initiatives. As the subscription window approaches, market response to this offering from a key player in India's digital payment ecosystem will be closely watched.