Pine Labs made its stock market debut on 14 November 2025, commencing trading on both the Bombay Stock Exchange and the National Stock Exchange of India after completing an initial public offering that raised ₹3,900 crore at a price of ₹221 per share.
The IPO was structured in two components. A fresh issue of shares raised ₹2,080 crore. Alongside the fresh issue, existing shareholders conducted an offer for sale raising ₹1,820 crore, through which investors including Peak XV Partners, Mastercard, PayPal, and Temasek sold shares.
MERCHANT BASE AND SERVICES
Pine Labs serves more than 980,000 merchants across India and international markets, providing an integrated suite of point-of-sale hardware, payments software, and financial services infrastructure that enables businesses ranging from small retailers to large enterprise chains to accept digital payments, manage transactions, and access working-capital solutions.
The company's merchant services extend beyond payment acceptance into value-added services. These include equated monthly instalment facilitation that allows merchants to offer consumers flexible payment terms, gift card programme management, and loyalty scheme integration.
OFFER FOR SALE AND FIRST-DAY TRADING
Peak XV Partners, formerly known as Sequoia Capital India, sold shares in the offer for sale alongside Mastercard, PayPal and Singapore's Temasek.
The stock closed its first session at ₹251.50, 3.9% above its ₹242 listing price.