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6h agoIndian fintech major Pine Labs trims IPO size ahead of November launch
India’s fintech firm Pine Labs has amended its upcoming IPO, cutting the portion offered by existing investors by 44% and the fresh share issuance by 20%. Its updated prospectus shows existing investors will now sell 82.3 million shares (down from 147.8 million), and the company aims to raise about ₹2,080 crore (~US$236.7 million) in the IPO scheduled from 7-11 November 2025. The valuation target remains unspecified though earlier drafts valued the firm at around US$6 billion. The move reflects cautious investor sentiment in India’s bustling primary-market environment.
neutral
6h agoIndian fintech major Pine Labs trims IPO size ahead of November launch
India’s fintech firm Pine Labs has amended its upcoming IPO, cutting the portion offered by existing investors by 44% and the fresh share issuance by 20%. Its updated prospectus shows existing investors will now sell 82.3 million shares (down from 147.8 million), and the company aims to raise about ₹2,080 crore (~US$236.7 million) in the IPO scheduled from 7-11 November 2025. The valuation target remains unspecified though earlier drafts valued the firm at around US$6 billion. The move reflects cautious investor sentiment in India’s bustling primary-market environment.
neutral
Indian fintech major Pine Labs trims IPO size ahead of November launch
about 6 hours ago
1 min read
87 words
Pine Labs reduces IPO size ahead of its 7–11 Nov launch, signalling cautious sentiment despite a strong fintech pipeline.
India’s fintech firm Pine Labs has amended its upcoming IPO, cutting the portion offered by existing investors by 44% and the fresh share issuance by 20%. Its updated prospectus shows existing investors will now sell 82.3 million shares (down from 147.8 million), and the company aims to raise about ₹2,080 crore (~US$236.7 million) in the IPO scheduled from 7-11 November 2025. The valuation target remains unspecified though earlier drafts valued the firm at around US$6 billion. The move reflects cautious investor sentiment in India’s bustling primary-market environment.
India’s fintech firm Pine Labs has amended its upcoming IPO, cutting the portion offered by existing investors by 44% and the fresh share issuance by 20%. Its updated prospectus shows existing investors will now sell 82.3 million shares (down from 147.8 million), and the company aims to raise about ₹2,080 crore (~US$236.7 million) in the IPO scheduled from 7-11 November 2025. The valuation target remains unspecified though earlier drafts valued the firm at around US$6 billion. The move reflects cautious investor sentiment in India’s bustling primary-market environment.
Companies:
Pine Labs
Tags:
ipo
startups
ipo
startups
fintech
india
markets
Nov 4, 2025 • 03:19 IST