neutral
Indian fintech Pine Labs reduces IPO size to ₹20.8 billion amid market caution
India-based fintech company Pine Labs has revised down its upcoming initial public offering (IPO) size to ₹20.8 billion (US$236.65 million), trimming the new issuance by 20 % and the number of shares sold by existing investors by 44 %. Scheduled for the window from 7 to 11 November 2025, the company competes in payments and point-of-sale solutions and reported a profit of ₹261.44 million over revenue of ₹12.08 billion for the nine months ended December 2024. Pine Labs had earlier targeted a roughly US$6 billion valuation. The adjustment reflects current IPO market volatility in India and heightened investor selectivity amid economic uncertainty.
The move signals caution among tech-growth issuers ahead of controlled public listings.
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
neutral
Indian fintech Pine Labs reduces IPO size to ₹20.8 billion amid market caution
India-based fintech company Pine Labs has revised down its upcoming initial public offering (IPO) size to ₹20.8 billion (US$236.65 million), trimming the new issuance by 20 % and the number of shares sold by existing investors by 44 %. Scheduled for the window from 7 to 11 November 2025, the company competes in payments and point-of-sale solutions and reported a profit of ₹261.44 million over revenue of ₹12.08 billion for the nine months ended December 2024. Pine Labs had earlier targeted a roughly US$6 billion valuation. The adjustment reflects current IPO market volatility in India and heightened investor selectivity amid economic uncertainty.
The move signals caution among tech-growth issuers ahead of controlled public listings.
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
114 words
Pine Labs trims its IPO size to ₹20.8 billion amid investor caution and seeks to list between 7-11 November 2025.
India-based fintech company Pine Labs has revised down its upcoming initial public offering (IPO) size to ₹20.8 billion (US$236.65 million), trimming the new issuance by 20 % and the number of shares sold by existing investors by 44 %. Scheduled for the window from 7 to 11 November 2025, the company competes in payments and point-of-sale solutions and reported a profit of ₹261.44 million over revenue of ₹12.08 billion for the nine months ended December 2024. Pine Labs had earlier targeted a roughly US$6 billion valuation. The adjustment reflects current IPO market volatility in India and heightened investor selectivity amid economic uncertainty.
The move signals caution among tech-growth issuers ahead of controlled public listings.
India-based fintech company Pine Labs has revised down its upcoming initial public offering (IPO) size to ₹20.8 billion (US$236.65 million), trimming the new issuance by 20 % and the number of shares sold by existing investors by 44 %. Scheduled for the window from 7 to 11 November 2025, the company competes in payments and point-of-sale solutions and reported a profit of ₹261.44 million over revenue of ₹12.08 billion for the nine months ended December 2024. Pine Labs had earlier targeted a roughly US$6 billion valuation. The adjustment reflects current IPO market volatility in India and heightened investor selectivity amid economic uncertainty.
The move signals caution among tech-growth issuers ahead of controlled public listings.
Companies:
Pine Labs
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IPO
fintech
IPO
fintech
India
Pine Labs
payments