Pine Labs Gets SEBI Nod for Rs 2,600 Cr IPO
Pine Labs, a leading provider of digital payment systems and merchant commerce tools, has received the nod from SEBI to proceed with its Initial Public Offering (IPO). The company aims to raise around Rs 2,600 crore through this offering, which is set to be closely watched by the market and other startups contemplating a listing.
Pine Labs' IPO journey began in June 2025 with the receipt of SEBI's approval. The company has filed draft IPO papers, but the exact listing date and stock exchange remain unannounced. Among those looking to sell shares in the IPO are Mastercard, Peak XV Partners, Macritchie Investments, PayPal, and Pine Labs' cofounder Lokvir Kapoor.
Now that the green signal has been given, Pine Labs will finalise details such as the price band, investor roadshows, and timelines. The IPO is expected to raise INR 2,600 crore (around $304 million) through a fresh issue of shares. An offer for sale (OFS) of up to 14.78 crore shares will enable existing investors to sell part of their holdings. This IPO is seen as a significant step for India's growing fintech sector, offering ordinary investors the chance to invest in homegrown startups.
With SEBI's approval secured, Pine Labs is poised to launch its IPO, aiming to raise INR 2,600 crore. This move not only benefits the company but also the broader fintech sector and Indian investors, providing an opportunity to participate in the growth of homegrown startups.
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