Abhishek Sinha
Pine Labs IPO listing date: The much-awaited listing of Pine Labs Limited shares takes place today, Friday, November 14, 2025, on both the BSE and NSE. After receiving a moderate response from investors, analysts expect a flat or mildly positive debut for the fintech company.
Key Listing Details
The Pine Labs IPO opened for subscription from November 7 to 11, with the allotment finalized on November 12. As per a BSE notice, the company’s equity shares will be admitted to dealings under the ‘B’ Group of Securities, and trading will begin at 10:00 AM during the Special Pre-open Session (SPOS).
Pine Labs IPO GMP Today
According to market observers, the Pine Labs IPO grey market premium (GMP) has slipped to ₹5.5 per share, indicating a listing price of around ₹226.5 against the issue price of ₹221. This reflects a modest 2.5% premium, suggesting limited excitement in the grey market.
Analysts note that investor sentiment remains cautious, with the GMP trending lower over the past few sessions. The subdued listing expectation mirrors the lukewarm subscription numbers and slightly high valuation of the issue.
“Pine Labs IPO valuation was priced at the higher end, and that was visible in the subscription trend. We expect a flat opening, given the moderate market response,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Pine Labs IPO Subscription Summary
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IPO Opened: November 7, 2025
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IPO Closed: November 11, 2025
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Allotment Date: November 12, 2025
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Listing Date: November 14, 2025
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Price Band: ₹210 – ₹221 per share
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Total Issue Size: ₹3,899.91 crore
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Fresh Issue: ₹2,080 crore (9.41 crore shares)
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OFS: ₹1,819.91 crore (8.23 crore shares)
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Overall Subscription: 2.46x
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QIBs: 4x
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Retail Investors: 1.22x
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NIIs: 0.3x
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Axis Capital Ltd. acted as the book-running lead manager, while Kfin Technologies Ltd. served as the IPO registrar.
What to Expect on Listing Day
Given the modest grey market signals and moderate demand, analysts believe Pine Labs shares may list flat or with a small premium over the issue price.
Despite the muted start, market experts say the company’s long-term digital payments business model, strong merchant base, and diversification in lending and SaaS services could attract institutional buying once listed.
Summary:
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Listing Date: November 14, 2025
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Listing Exchanges: BSE, NSE
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Expected Listing Price: ₹226.5
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Issue Price: ₹221
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GMP Today: ₹5.5 (approx. 2.5% premium)
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Expected Debut: Muted to Flat
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult financial professionals before making any investment decisions.
