Business
Pine Labs IPO Price Band Announced: GMP Jumps To 27.14%, Check Key Dates
Last Updated:
Pine Labs sets IPO price at Rs 210-221 per share for Rs 3,900 crore issue, with listing on BSE and NSE on November 14, 2025.
Pine Labs Fixes Price Band
Pine Labs IPO Price Band, GMP, And Key Dates: The fintech firm Pine Labs has announced the price band of Rs 210-221 per share for its upcoming initial public offering (IPO) amounting to Rs 3,900 crore. The payment gateway platform is backed by Peak XV Partners, Mastercard, PayPal, and Temasek Holdings.
The IPO consists both fresh issue worth Rs 2,080 crore and offer-for-sale (OFS) of 8.23 crore equity shares. Previously, the issue had an offer-for-sale of 14.78 crore equity shares.
Peak XV Partners, Macritchie Investments, Madison India, Mastercard Inc, PayPal Inc, AIM Investment Funds, and Actis Pine Labs Investment Holdings are selling their shares via the issue.
At the upper price band, the valuation of Pine Labs has touched Rs 25,377 crore.
Axis Capital, Morgan Stanley, Citi, JPMorgan, and Jefferies are book running lead managers, while KFin Technologies Limited is the registrar.
Pine Labs Opening Window And Key Dates
Pine Labs IPO will open between November 07, 2025 and November 11, 2025. The allotment is likely to be concluded on November 12, 2025, with the listing of BSE and NSE scheduled for November 14, 2025.
Pine Labs Financials
Pine Labs turned profitable this quarter to report at Rs 47.86 million for Q1FY26 after a string of losses. However, the fintech received a tax credit of Rs 96.35 million because of losses.
FY25 still shows a loss of Rs 1,454.87 million, but it’s smaller than FY24’s Rs 3,419.03 million.
The company reported a total income of Rs 6,530.76 million. However, its total expenses stood at Rs 6,578.63 million for the June 2025 quarter.
Pine Labs IPO Objectives
The proceeds of the IPO will be utilized for investment in certain of its subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding presence outside India.
Moreover, a portion of proceeds will be used to build and strengthen IT assets, expenditure towards cloud infrastructure, technology development initiatives, and procurement of DCPs.
The company will also use proceeds to repayment/prepayment of certain borrowings availed by the company and its subsidiaries.
Pine Labs IPO GMP Today
According to market observers, unlisted shares of Pine Labs Ltd are currently trading at Rs 281 apiece in the grey market, against the upper IPO price of Rs 221. It means a grey market premium (GMP) of 27.14%, indicating decent listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 03, 2025, 08:02 IST
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Business
Business news live – Banks bet on interest rate cut and UK bills rise 8% in a year
Interest rates: five steady cuts after sharp correction up
It’s sometimes hard to keep pace with everything around interest rates, how much it has all changed and the wider impact it has.
This chart helps display the rate of change, at least: post-Covid we had basically a zero rate for a long period, but the cost of living crisis across 2022 and 2023 saw interest rates shoot higher in quick succession as the BoE tried to stem inflation, which hit 11%.
Since last year the base rate began to decline, we’ve had five cuts in total.
Three this year came in February, May and August.
Karl Matchett3 November 2025 09:20
Economics expert explains why BoE may wait for Budget
Thomas Pugh, chief economist at tax firm RSM UK, is one of those who thinks the MPC will remain prudent for now.
“Financial markets have gone from pricing in less than a 25% chance of another rate cut by the end of the year to a two-thirds chance now, due to a lower inflation peak and rumours of a less-inflationary budget,” he explained.
“We doubt this will be enough to tempt the Monetary Policy Committee (MPC) into a rate cut next week. We expect a 3-6 vote for a hold. But it throws the door wide open to a rate cut in December, especially if the budget is deflationary.”
Karl Matchett3 November 2025 09:00
‘Odds 50-50’ on a December rate cut
Not everyone is immediately convinced, of course.
Plenty still think it’s more likely that the BoE will persist with their cautious approach so far and at least wait for one more monthly set of data to be taken in before opting to cut.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, points to the money market still being split on December at the moment.
“London stocks have a touch higher this morning as investors brace for a pivotal week at the Bank of England. Rates are widely expected to stay at 4% on Thursday, but the real debate is whether policymakers deliver a cut in December, with odds hovering near 50-50. With stubborn inflation and slowing growth, expectations for the year ahead are in the balance.
Karl Matchett3 November 2025 08:40
Barclays join calls for interest rates cut
Last week Goldman Sachs said they think a rate cut is in the offing, and now Barclays have joined them.
Noting that “shop price data point to further disinflation in October”, Barclays analysts have suggested the Bank of England’s MPC members will provide a split vote – they predict 5-4 – but the ultimate outcome will be a cut.
“We acknowledge the decision remains finely balanced, but expect the recent downside inflation and labour market news to tip the vote to a cut,” read the analysis note, from Jack Meaning and Silvia Ardagna.
Food inflation is a key tipping point in the vote, they predict, and it appears to be on the way down (disinflation).
Karl Matchett3 November 2025 08:20
Inflation data behind change of heart on interest rate cuts
Rewind the tape a few weeks and banks, economists and analysts were unified in their belief: no interest rate cut pre-Budget, quite possibly none for the rest of 2025.
However, inflation data for September changed all that.
We didn’t hit 4% as expected, and now the worst is expected to have passed.
On the back of that, jobs data came in weaker again too as companies continued to reign in the hiring and vacancies were down to a multi-year low.
Now, more than one bank has changed its tune.
Karl Matchett3 November 2025 08:14
Business
Rail security to be reviewed after train stabbings, says minister
Jennifer MeierhansBusiness reporter
PA MediaThere will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said.
A man has been charged with 10 counts of attempted murder after the knife attack on a Doncaster to London service on Saturday night.
Alexander told the BBC the government would “review security arrangements” and respond “swiftly and in a proportionate way”.
But she did not think airport scanning technology “is the right solution for stations in the UK”.
Questions about passenger safety on the UK’s rail network have been raised after a a black British national, who boarded a train at Peterborough station, attacked passengers with a knife.
Eleven people were treated in hospital including a member of train staff who is said to be in a “critical but stable condition”.
Anthony Williams, 32, from Peterborough has been charged with 10 counts of attempted murder, one count of actual bodily harm and one count of possession of a bladed article, British Transport Police (BTP) said on Monday morning.
Alexander told BBC Breakfast that BTP officers would increase visible patrols at mainline stations over the coming days “because I do understand that people will want to feel reassured following what happened”.
“Thankfully incidents like this on the public transport network are very, very rare,” she added.
She said the rail network in the UK was a “low crime environment” and for every one million passenger journeys only 27 crimes were committed.
Asked what steps the government would take to improve security on trains, she said: “We are investing in improved CCTV in stations and the Home Office will soon be launching a consultation on more facial recognition technology which could be deployed in stations as well.”
Asked about luggage scanners similar to those used in some major train stations abroad she said: “At the moment that type of airport scanning technology I don’t think is the right solution for stations in the UK.”
Andy Trotter, former British Transport Police Chief Constable told BBC Breakfast Saturday’s attack illustrates “people’s real concerns about being trapped with an offender or with someone causing disorder”.
“I hope this results in a broader review of security, the need for more British Transport Police, the need for more security from the rail companies themselves.”
Senior Reform UK politician Zia Yusuf on Sunday said he would not like to see increased security at train stations.
He told the BBC’s Sunday With Laura Kuenssberg programme it would impose “enormous friction” on the lives of law-abiding people “as a result of the actions of a tiny minority”.
He argued for a significant increase in the use of stop-and-search powers “to saturation”, saying this would remove deadly weapons from circulation.
Official figures released last month show knife crime has fallen in the past year, while NHS admissions for assaults with a sharp object are down 10% compared with 2024.
Overall violent crime showed “no statistically significant change” from 2024, but remains a third lower than it was a decade ago and 75% down on its peak in 1995, while homicides have reached their lowest point since at least 2003.
Business
Market Closing: Sensex, Nifty End Flat; Realty, PSU Banks Lead
Last Updated:
Indian markets began the week on a weak note, dragged by selling in IT and private banking stocks.
Sensex Today
Sensex Today: Indian markets began the week on a weak note, dragged by selling in IT and private banking stocks.
The BSE Sensex opened at 83,788, down 150 points or 0.18%, while the Nifty50 slipped 59 points or 0.23% to 25,663.
In broader trade, the Nifty Midcap index was flat, while the Smallcap index gained 0.5%.
Global Cues
Globally, investors are awaiting key macro data, including China’s manufacturing figures due later today, as well as US updates on auto sales, household debt, and factory activity. Domestically, traders will watch the HSBC Manufacturing PMI Final for October for cues on economic momentum.
Across Asia, markets opened mixed after Wall Street finished higher on Friday. South Korea’s Kospi gained 1.04%, while Australia’s S&P/ASX 200 slipped 0.40%. Japan’s markets are shut for a public holiday.
On Friday, October 31, US stocks advanced, led by optimism around Amazon’s upbeat outlook. Gains were capped by caution over the Federal Reserve’s approach to future rate cuts. The S&P 500 rose 0.26%, the Nasdaq climbed 0.61%, and the Dow Jones ended higher as well.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 03, 2025, 09:18 IST
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