Description
NSE notifies the listing of 1,148,276,377 equity shares of Pine Labs Limited on the Capital Market segment effective November 14, 2025, with an issue price of Rs. 221 per share.
Summary
National Stock Exchange of India has notified the listing of equity shares of Pine Labs Limited following its Initial Public Offering (IPO). The securities will be admitted to dealings on the Capital Market segment effective November 14, 2025. The company has issued 1,148,276,377 equity shares with a face value of Re. 1/- each at an issue price of Rs. 221/- per share. The scrip will trade under the symbol ‘PINELABS’ with ISIN INE15B701018 and will be part of the pre-open session for IPO category.
Key Points
- Trading Symbol: PINELABS
- ISIN: INE15B701018
- Total Shares Listed: 1,148,276,377 equity shares
- Face Value: Re. 1/- per share
- Issue Price: Rs. 221/- per share
- Market Lot Size: 1 share
- Effective Date: November 14, 2025
- Series: EQ (Equity)
- Pari Passu: Yes
- Security will be part of pre-open session for IPO category as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
Regulatory Changes
No regulatory changes. This is a listing notification pursuant to Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Members must use designated security code (PINELABS) for trading identification
- Trading must be conducted in specified lot sizes (market lot: 1)
- Members must note the security’s inclusion in pre-open session for IPO category
- Lock-in provisions apply to certain shares as detailed in Annexure I
Important Dates
- Circular Issue Date: November 13, 2025
- Effective Trading Date: November 14, 2025
- Lock-in Expiry Dates (varies by shareholder category):
- November 13, 2025 (certain holdings)
- December 5, 2025 (certain holdings)
- December 11, 2025 (certain holdings)
- February 9, 2026 (certain holdings)
- May 12, 2026 (certain holdings)
- Financial Year: April 2025 - March 2026
Impact Assessment
Market Impact: High - This is a significant IPO listing in the fintech sector with over 1.14 billion shares being admitted to trading. Pine Labs is a prominent payment solutions and merchant commerce platform, and its listing represents a major addition to the capital markets.
Operational Impact: The listing includes various lock-in periods for different shareholder categories, with a substantial portion (884,901 shares and others) available for immediate trading. The pre-open session mechanism will help in price discovery on the listing day.
Company Details:
- Registered Office: Gurgaon, Haryana
- Corporate Office: Noida, Uttar Pradesh
- Registrar: KFin Technologies Limited (formerly Link Intime India Private Limited)
- Company Secretary: Mr. Neerav Mehta
- Contact: cosecy@pinelabs.com, +91 22 6986 3600
Note: 838,993,350 shares were cancelled pursuant to a Scheme as mentioned in the distinctive number range footnote.
Impact Justification
Major IPO listing of Pine Labs Limited with over 1.14 billion shares being admitted to trading on NSE, significant market event for fintech sector