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Pine Labs shares trade below IPO price; Here's why February 10 is importantBased on Monday's market level, the value of the shares that will free up for trade tomorrow is worth nearly ₹865 crore.By Meghna Sen  February 9, 2026, 12:24:47 PM IST (Published)2 Min ReadShares of newly listed Pine Labs Ltd., which are trading lower on Monday, will be in focus in Tuesday's session, as its three-month shareholder lock-in period will come to an end.

As many as 39.7 million shares or 3% of the company's outstanding will free up for trade on February 10 as the lock-in comes to an end tomorrow, according to Nuvama Alternative & Quantitative Research.

Based on Monday's market level, the value of the shares that will free up for trade tomorrow is worth nearly ₹865 crore.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they only become eligible to be traded.

The first instance of Pine Labs' shareholder lock-in ending took place on December 8, 2025, where as many as 19.8 million shares or 2% of the company's outstanding were up for trade.

Again on December 12, Pine Labs' one-month shareholder lock-in period came to an end, where 39.7 million shares or 3% of the company's outstanding were up for trade.

In its first quarterly result after listing, Pine Labs' GTV grew by 92% from last year to $48.2 billion, while the number of transactions grew by 44% from last year to 1.9 billion.

Its net profit stood at ₹6 crore from ₹5 crore in the previous quarter, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) on an adjusted basis also remained flat at ₹122 crore from ₹121 crore last year.

There was also a sharp drop in ESOP expenses that contributed to the profitability of the company this quarter. ESOP expenses fell 28% from last year and stood at 4% of revenue, compared to 7% last year.

Shares of Pine Labs are now trading 0.16% lower at ₹217.77. The stock trades 1.5% below its IPO price of ₹221 per share.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsPine LabsShareholder Lock-In