Pine Labs Ltd. has announced public offering of 176466426 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 220.00 per share. The gross proceeds of the issue are expected to be Rs 3,89,990.80 lakhs.

The company's initial public offer (IPO) will open on 07 November 2025 and is expected to close on 11 November 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 210.00-221.00 per share.

The IPO includes a fresh Issue of 176466426 Equity Shares of the Company at an price of Rs 221.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 67 shares with bids in multiples of 67.

Pine Labs Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,JP Morgan India Private Limited.,Citigroup Global Markets India Pvt. Ltd.,Jefferies India Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.