Pine Labs Limited Unlisted Shares Price

Pine Labs Limited is a leading commerce and financial technology infrastructure company providing end-to-end digital payment and issuing solutions to merchants, consumer brands, enterprises, and financial institutions. With operations across India, Southeast Asia, the Middle East, Australia, the U.S., and Africa, Pine Labs has built a cloud-based, API-driven platform that powers both in-store and online payments, affordability solutions, prepaid card issuance, loyalty programs, and merchant software solutions. In FY24, its platform processed a Gross Transaction Value (GTV) of ₹7,148 billion across 1.39 million merchant touchpoints. The company is also India’s largest issuer of closed and semi-closed loop gift cards and a top enabler of digital affordability solutions, having issued over 3.2 billion prepaid cards and managing 71 million card accounts through 28 issuing partners as of December 2024. Its acquisitions—including Qwikcilver, Plural, Mosambee, Setu, and Credit+—have further strengthened its digital infrastructure and fintech ecosystem. With a strong customer base of 915,000+ merchants, 666 consumer brands, and 164 financial institutions, Pine Labs partners with leading players such as HDFC Bank, Amazon Pay, Flipkart, Axis Bank, and Bharat Petroleum. Backed by consistent revenue growth (19.8% CAGR in FY22–FY24) and robust market leadership, Pine Labs is now preparing for its IPO. On June 26, 2025, the company filed its DRHP with SEBI, aiming to raise up to ₹2,600 crore (~USD 304 million) through a fresh issue of equity shares, along with an Offer for Sale (OFS) of 14.78 crore shares by existing investors like Peak XV Partners, PayPal, Mastercard, Temasek, and Invesco. A pre-IPO placement of up to ₹520 crore is also under consideration, which may reduce the fresh issue size. Investors are closely tracking Pine Labs IPO, Pine Labs Share Price, and Pine Labs Unlisted Share Price as it heads toward one of the most awaited fintech listings in India.