The IPO rush in 2025 continues. Pine Labs IPO is the next one in focus. The issue will open for subscription between November 7 – November 11. All eyes are on whether the issue is a subscription at current levels.

Here is a quick look at select highlights from the company’s RHP.

Pine Labs IPO: Rising ESOP cost in Q1FY26

Interestingly, Pine Labs’ ESOP cost surged in Q1 FY26 significantly compared to Q1FY25. The total ESOP cost incurred by the company was Rs 180.08 crore during the Financial Year 2025-26 and the subsequent three months (April 1, 2024, to June 30, 2025).

Just to give a heads up, the employee share-based payment expense represents the cost recorded by the company in the profit and loss statement related to stock options.

Period Employee Share-Based Payment Expense (

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