Pine Labs Logo

Pine Labs IPO

BSELot: 67

LISTEDMAINBOARD
Issue Price221
Listing225.64
Current219
Price Band
210 - ₹221
Lot Size
67
Issue Size
₹3900.17 Cr
GMP
0
Subscription
0.13x

IPO Schedule

1
Open
7 Nov
2
Close
11 Nov
3
Allotment
12 Nov
4
Listing
14 Nov

About Pine Labs

Pine Labs is a leading merchant commerce platform providing a wide array of payment solutions to merchants across India and Southeast Asia. The company facilitates secure and seamless transactions both online and offline, catering to various business needs.

Subscription Status

QIB
0.02x
NII
0.07x
Retail
0.57x
CategoryDay 3Day 2Day 1
QIB3.97x0.63x0.02x
NII0.30x0.12x0.07x
Retail1.27x0.91x0.57x
Total2.48x0.55x0.13x

Risk Factors

Intense competition from other payment solution providers.
Dependency on regulatory changes in the payments industry.
Potential security breaches and data privacy concerns.
Negative P/E ratio indicating a lack of profitability

Promoters & Management

The key management team includes B. Amrish Rau (Chairman, Managing Director, and CEO), Kush Mehra (Executive Director, President and Chief Business Officer – Digital Infrastructure & Transaction Platform), and Sameer Vasudev Kamath (Chief Financial Officer). Other key members of the management team include Navin Ashok Kumar Chandani (President & Chief Business Officer - Issuing), Sanjeev Kumar (Chief Technology Officer – Digital Infrastructure & Transaction Platform), Vijayalakshmi Swaminathan (Chief People Officer), and Neerav Mehta (Company Secretary & Compliance Officer). The prospectus provides brief biographies of each of these individuals, highlighting their experience and qualifications. The management team is responsible for the company's strategic vision, operations, and financial performance.