Pine Labs shares pop up 9.5% on debut
Pine Labs made a strong entry into the stock market, with its shares listing at ₹242—about 9.5% higher than its IPO price of ₹221.
The company raised nearly ₹3,900 crore through the IPO, which saw good demand: institutional investors subscribed almost four times their quota, while retail investors showed moderate interest too.
Digital payments giant
Pine Labs is big in digital payments—they offer smart point-of-sale machines, buy-now-pay-later options, payment gateways, and even gift card solutions.
With over 988,000 merchants and ties to hundreds of brands and financial institutions.
Plans for IPO funds
The IPO funds are set for paying down debt, boosting tech investments, expanding into Southeast Asia, and making new acquisitions.
Plus, some early investors got their exit through the offer for sale part of the IPO.
Pine Labs also turned profitable in Q1 FY26—a notable milestone as it looks to grow further.