IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Pine Labs
IPO is a MainBoard Upcoming IPO coming on
BSE,NSE with an
IPO
size of
[●]
.
This IPO falls under the
Banking And Finance - FinTech sector, which has seen
3 IPOs
to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and
PAT margin are compared below with the figures from the
Pine Labs
IPO.
Pine Labs IPO Peer Comparison with key metrics mentioned in the DRHP.
| Company Name | Revenue | Face Value | PE Ratio | Basic EPS | Diluted EPS | RoNW (%) | NAV |
|---|---|---|---|---|---|---|---|
| Pine Labs Limited (Restated) | 1341.01 | 1 | -2.23 | -2.23 | -9.18 | 24.3 | |
| One 97 Communications Limited | 9977.80 | 1 | -22 | -22 | -10.82 | 209.29 | |
| Zaggle Prepaid Ocean Services Limited | 775.60 | 1 | 104.76 | 4.06 | 4.03 | 14.11 | 46.98 |
| Adyen N.V. (“Adyen”) | 17888.70 | 0.96 | 71.57 | 2161.92 | 2151 | 25.09 | 9746.88 |
| Shopify Inc. (“Shopify”) | 60010.00 | 1059.70 | 8.5 | 8.5 | 1.53 | 599.25 | |
| Block, Inc. (“Block”) | 186282.80 | 3154.50 | 1.7 | 1.7 | 0.05 | 2579.75 | |
| Marqeta Inc. (“Marqeta”) | 5747.45 | 0.01 | -35.70 | -35.70 | -16.42 | 203.15 |
Note: Adyen N.V. reports financials in EUR; Shopify Inc., Block, Inc. and Marqeta, Inc. report financials in USD. The conversion rate used is EUR 1 = ₹ 96; and USD 1 = ₹ 85
# Financial information of our Company has been derived from the Restated Consolidated Financial Information and Pro Forma Financial Information, respectively.
^ To be updated upon finalization of the Price Band.
* Sources for listed peers information included above:
1. All financial information for listed industry peers is on a consolidated basis and is sourced from the financial information of such listed industry peer as at and for the year ended March 31, 2024 for India listed peers and for
the year ended December 31, 2023 for global listed peers available on the website of the stock exchanges or the Company.
2. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares as on June 18, 2025 divided by the diluted earnings per share for the year ended March 31, 2024 for India listed
peers and for the year ended December 31, 2023 for global listed peers.
3. Return on Net Worth % based on both the Restated Consolidated Financial Information and the Pro Forma Financial Information is calculated as profit/(loss) for the period/year divided by the Net Worth as of at the end of the respective period/year.
4. Net Asset Value per equity share as per both the Restated Consolidated Financial Information and the Pro Forma Financial Information is Net Worth divided by weighted average number of equity shares for the period/year.
5. Return on Net worth for Pro Forma Financial Information is not applicable as return and net worth both at Pro Forma Financial Information level is negative. Hence, RoNW disclosed in this table represents Adjusted Return on Net Worth as disclosed for the Fiscal 2024
You can do performance analysis for Pine Labs IPO with Listed IPOs in the Banking And Finance - FinTech sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.
This IPO report captures the post-listing performance of IPOs in the Banking And Finance - FinTech sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.
| NAME | OFFER PRICE | LISTING PRICE | LISTING GAIN | CMP | CMP % |
|---|---|---|---|---|---|
|
One Mobikwik
IPO
Financial Report >> |
₹ 279.00 | ₹ 528.00 | 89.25% | ₹ 247.57 | -11% |
|
One 97
IPO
Financial Report >> |
₹ 2150.00 | ₹ 1564.15 | -27.25% | ₹ 925.30 | -57% |
|
PB Fintech
IPO
Financial Report >> |
₹ 980.00 | ₹ 1202.90 | 1202.90% | ₹ 1809.00 | 85% |
Pine Labs IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
The peers of
Pine Labs ,
include other listed companies operating in the
(Banking And Finance - FinTech) segment.
These peer companies typically
offer similar services Some of the notable peers as per the DRHP of this company
are
Pine Labs Limited (Restated)
One 97 Communications Limited ,
Zaggle Prepaid Ocean Services Limited ,
Adyen N.V. (“Adyen”)
Shopify Inc. (“Shopify”)
Block, Inc. (“Block”)
Marqeta Inc. (“Marqeta”)
See the complete list of
current IPO
Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker
Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.
As of now 3 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.
A good PE Ratio for Banking And Finance - FinTech sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.
Currently 3 companies are listed under Banking And Finance - FinTech sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List
Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Pine Labs Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.
Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 5 companies have filed their DRHP for IPO under Banking And Finance - FinTech sector. .New IPO 2025-2026 and Upcoming IPO
PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform
Pine Labs operates in Banking And Finance - FinTech and Fintech - Payment Processing. The Issue is listed on BSE,NSE in Jul, 2025. Pine Labs IPO size was with Issue price of .
Merchant Banker(s) of Pine Labs IPO: Axis Capital Limited , Citigroup Global Markets India Private Limited , J.P. Morgan India Private Limited , Jefferies India Private Limited , Morgan Stanley India Company Private Limited
Pine Labs IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Pine Labs IPO listed at a listing price of against the offer price of .
The current market price of Pine Labs is .
Why Us?
