Pine Labs
MAINBOARD
Listed
Price Band
₹210 - ₹221
Lot Size
67 Shares
Issue Size
₹2,080.00 Cr
Fresh Issue
₹1,456.00 Cr
OFS
₹624.00 Cr
Registrar
KFin Technologies Limited
AI Sentiment Score
Listing Price
₹242.00
vs Issue: ₹221 (+9.50%)
📅 IPO Timeline
✓
Open
Nov 7, 2025
✓
Close
Nov 11, 2025
✓
Allotment
Nov 12, 2025
✓
Refund
Nov 13, 2025
✓
Demat
Nov 13, 2025
✓
Listing
Nov 14, 2025
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Pine Labs displays an established operational footprint with expanding revenue streams (19.3% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (19.3% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 4.15%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 1,598.00 Cr | Rs 1,770.00 Cr | Rs 2,274.00 Cr | Rs 2,711.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -265.00 Cr | Rs -342.00 Cr | Rs -145.00 Cr | Rs 113.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 5.00 Cr | Rs -25.00 Cr | Rs 218.00 Cr | Rs 358.00 Cr |
| Borrowings (₹ Cr) | Rs 514.00 Cr | Rs 730.00 Cr | Rs 1,046.00 Cr | Rs 441.00 Cr |
| Total Assets (₹ Cr) | Rs 9,318.00 Cr | Rs 9,618.00 Cr | Rs 10,698.00 Cr | Rs 13,288.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 4.15% | 4.15% | 4.15% | 4.15% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
154.0x
Industry P/E
177.1x
Debt/Equity
0.07
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 177.1x
IPO 154.0x
0x (Deep Value)
239x (High Multiple)
📋 Live Subscription Status
QIB
4.00x
NII
0.40x
Retail
1.22x
Total
2.46x
🎯 Retail Allotment Probability
82% Odds
1 in 1.2 chance (~82% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:34 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹2,080.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.