IPO
Pine Labs files draft papers for IPO
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- Files IPO draft papers
- Kind
- IPO
- Amount
- ₹2,600 crore
- Stage
- DRHP filing
What they do
Pine Labs filed its draft red herring prospectus (the first IPO document) in June 2025, planning to issue fresh shares worth ₹2,600 crore
What happened
Existing holders including Peak XV Partners, PayPal and Mastercard planned to sell up to 147.8 million shares
Why it matters
Fresh money is meant for overseas growth, technology and paying down debt
The details
- Pine Labs filed DRHP with the market regulator in June 2025.
- Fresh issue of ₹2,600 crore was planned.
- Early investors planned to sell part of their holding.
Investors
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