Technology company Pine Labs impressed shareholders with a stellar performance on the bourses after getting listed officially on October 14.
Pine Labs IPO was listed at Rs 242 per share, giving a 9.5 per cent gain for subscribers who were allotted the shares. Following the listing, shares of Pine Labs stock reached a high of Rs 284 during the day.
The stock closed at 14 per cent higher in comparison to the issuing price. With an issue size of Rs 3,899.91 crore, individuals could apply for Pine Labs IPO for a minimum investment of Rs 14,070 for a lot that had 67 shares. The price range was set at Rs 210-221 per share.
Super thrilled for @PineLabs as it starts its journey as a public company today. With a diversified business that spans digital payments and merchant commerce across India and Southeast Asia, Pine Labs is well-positioned at the nexus of India’s fintech evolution.
— Lightspeed India (@LightspeedIndia) November 14, 2025
We believe… pic.twitter.com/4UcepSNwsD
The public bidding for the IPO commenced on November 7 and concluded on November 11. Subscribers were allotted the shares on November 11, and the listing of shares took place on November 14. Applicants who were not issued the shares will receive their investment within a week.
The IPO was a mix of fresh shares and offer-for-sale (OFS) by existing shareholders.
According to the official website of the National Stock Exchange NSE), Pine Labs IPO received a total of 2.46 times subscription. Qualified Institutional Buyers subscribed 4 times their allotted share. Non Institutional Investors subscribed 0.30 times and Retail Individual Investors subscribed 1.22 times.
