neutral
6 days agoPine Labs trims IPO size as existing shareholders sell less
Indian fintech Pine Labs has reduced the size of its November IPO after existing investors opted to offer fewer shares, shrinking the offer by roughly 44% and trimming fresh issuance by about 20%. The revised prospectus shows the firm now expects to raise around ₹2,080 crore in the November 7–11 window while targeting a valuation near $2.9 billion. Management said the move limits dilution as the company strengthens profitability, and bankers expect healthy retail interest despite a competitive primary market.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
neutral
6 days agoPine Labs trims IPO size as existing shareholders sell less
Indian fintech Pine Labs has reduced the size of its November IPO after existing investors opted to offer fewer shares, shrinking the offer by roughly 44% and trimming fresh issuance by about 20%. The revised prospectus shows the firm now expects to raise around ₹2,080 crore in the November 7–11 window while targeting a valuation near $2.9 billion. Management said the move limits dilution as the company strengthens profitability, and bankers expect healthy retail interest despite a competitive primary market.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
7 days ago
1 min read
80 words
Pine Labs cut its IPO size as insiders sell fewer shares, lowering dilution while still pursuing a November listing.
Indian fintech Pine Labs has reduced the size of its November IPO after existing investors opted to offer fewer shares, shrinking the offer by roughly 44% and trimming fresh issuance by about 20%. The revised prospectus shows the firm now expects to raise around ₹2,080 crore in the November 7–11 window while targeting a valuation near $2.9 billion. Management said the move limits dilution as the company strengthens profitability, and bankers expect healthy retail interest despite a competitive primary market.
Indian fintech Pine Labs has reduced the size of its November IPO after existing investors opted to offer fewer shares, shrinking the offer by roughly 44% and trimming fresh issuance by about 20%. The revised prospectus shows the firm now expects to raise around ₹2,080 crore in the November 7–11 window while targeting a valuation near $2.9 billion. Management said the move limits dilution as the company strengthens profitability, and bankers expect healthy retail interest despite a competitive primary market.
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india
markets
Nov 5, 2025 • 05:57 IST