Pine Labs cuts IPO size ahead of its early-November listing

Indian fintech firm Pine Labs announced on 1 November 2025 that it will reduce the size of its upcoming initial public offering after existing shareholders opted to sell fewer shares than originally planned. The updated prospectus shows a 44% reduction in shares to be sold by insiders and a 20% reduction in new-issue size. The IPO is scheduled for 7-11 November 2025 and aims to raise around ₹2,080 crore. The move signals a more cautious approach amidst a busy IPO calendar and mixed investor sentiment in tech listings.