Comparison between Pine Labs IPO and Wakefit Innovations IPO.
Pine Labs IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Wakefit Innovations IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Pine Labs IPO is up to ₹3,900.17 Cr whereas the issue size of the Wakefit Innovations IPO is up to ₹1,288.89 Cr. The final issue price of Pine Labs IPO is ₹221.00 per share and of Wakefit Innovations IPO is ₹195.00 per share.
| Pine Labs IPO | Wakefit Innovations IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹1 per share |
| Issue Price (Lower) | ₹210.00 per share | ₹185.00 per share |
| Issue Price (Upper) | ₹221.00 per share | ₹195.00 per share |
| Issue Price (Final) | ₹221.00 per share | ₹195.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹21.00 per share | |
| Market Lot Size | 67 shares | 76 shares |
| Fresh Issue Size | 9,41,29,524 shares | 1,93,42,461 shares |
| Fresh Issue Size (Amount) | up to ₹2,080.26 Cr | up to ₹377.18 Cr |
| OFS Issue Size | 8,23,48,779 shares | 4,67,54,405 shares |
| OFS Issue Size (Amount) | up to ₹1,819.91 Cr | up to ₹911.71 Cr |
| Issue Size Total | 17,64,78,303 shares | 6,60,96,866 shares |
| Issue Size Total (Amount) | up to ₹3,900.17 Cr | up to ₹1,288.89 Cr |
Pine Labs IPO opens on Nov 07, 2025, while Wakefit Innovations IPO opens on Dec 08, 2025. The closing date of Pine Labs IPO and Wakefit Innovations IPO is Nov 11, 2025, and Dec 10, 2025, respectively.
| Pine Labs IPO | Wakefit Innovations IPO | |
|---|---|---|
| Anchor Bid Date | Nov 06, 2025 | Dec 05, 2025 |
| Issue Open | Nov 07, 2025 | Dec 08, 2025 |
| Issue Close | Nov 11, 2025 | Dec 10, 2025 |
| Basis Of Allotment (Tentative) | Nov 12, 2025 | Dec 11, 2025 |
| Initiation of Refunds (Tentative) | Nov 13, 2025 | Dec 12, 2025 |
| Credit of Share (Tentative) | Nov 13, 2025 | Dec 12, 2025 |
| Listing date (Tentative) | Nov 14, 2025 | Dec 15, 2025 |
| Anchor Lockin End date 1 | Dec 11, 2025 | Jan 09, 2026 |
| Anchor Lockin End date 2 | Feb 09, 2026 | Mar 10, 2026 |
Pine Labs IPO P/E ratio is -160.13, as compared to Wakefit Innovations IPO P/E ratio of -171.29.
| Pine Labs IPO | Wakefit Innovations IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Pine Labs Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 57% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Wakefit Innovations Ltd.'s revenue increased by 28% and profit after tax (PAT) dropped by 133% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 0 | 43.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 0 | 36.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -160.13 | -171.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹25376.65 Cr. | ₹6373.16 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | -6.58% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | -0.68% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-1.38 | ₹-1.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -4.15% | -6.72% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Pine Labs IPO Retail Individual Investors (RII) are offered 1,76,35,330 shares while in Wakefit Innovations IPO retail investors are offered 1,76,35,330 shares. Qualified Institutional Buyers (QIB) are offered 5,29,05,992 shares in Pine Labs IPO and 1,98,29,061 shares in Wakefit Innovations IPO.
| Pine Labs IPO | Wakefit Innovations IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,93,58,986 shares | 2,97,43,590 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 5,29,05,992 shares | 1,98,29,061 shares |
| NII | 2,64,52,995 shares | 99,14,529 shares |
| RII | 1,76,35,330 shares | 66,09,686 shares |
| Employee | 1,25,000 shares | 0 shares |
| Others | ||
| Total | 17,64,78,303 shares | 6,60,96,866 shares |
Pine Labs IPO subscribed 2.48x in total, whereas Wakefit Innovations IPO subscribed 2.52x.
| Pine Labs IPO | Wakefit Innovations IPO | |
|---|---|---|
| QIB (times) | 3.97x | 3.04x |
| NII (times) | 0.30x | 1.05x |
| Big NII (times) | 0.25x | 0.88x |
| Small NII (times) | 0.42x | 1.41x |
| RII (times) | 1.27x | 3.17x |
| Employee (times) | 7.78x | |
| Other (times) | ||
| Total (times) | 2.48x | 2.52x |
