Fintech firm Pine Labs reported a consolidated net profit of ₹5.97 crore in Q2FY26, as compared to a loss of ₹32.01 crore in Q2FY25
Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues
The company's revenue from operations grew 17.82 per cent to Rs 649.9 crore in Q2 FY26 from Rs 551.57 crore in Q2 FY25
According to a YES Securities' report, OFS accounted for nearly 63 per cent of total IPO proceeds in 2025, meaning most of the money raised is going to existing shareholders
Fintech firm Pine Labs made a strong market debut with a 14 per cent rise over its issue price, even as subscription levels were modest
Pine Labs shares listed at ₹242 per share on the NSE, opening with a 9.5 per cent premium over the issue price of ₹221
Pine Labs IPO received bids for 158.4 million shares against 97.9 million shares on offer as of 03:00 PM on November 11
The initial public offer of Pine Labs received 54 per cent subscription on the second day of the initial share sale on Monday. The IPO received bids for 5,31,12,240 shares against 9,78,93,739 shares on offer, according to NSE data. The portion for retail individual investors' part got subscribed 87 per cent, and the quota for qualified institutional buyers received 64 per cent subscription. The category for non-institutional investors got subscribed to 12 per cent. On Friday, the initial public offering (IPO) of Pine Labs received 13 per cent subscription. Fintech firm Pine Labs on Thursday raised Rs 1,754 crore from anchor investors. The company's Rs 3,900 crore IPO will conclude on November 11. The firm has fixed a price band of Rs 210-221 per share for its initial public offering (IPO), targeting a valuation of over Rs 25,300 crore. The IPO has a fresh issue of shares worth Rs 2,080 crore and an offer for sale (OFS) of over 8.23 crore equity shares, valuing Rs 1,819.9 crore at
The stock market will see three major listings, including Groww, Pine Labs, and Lenskart, marking another active week for investors
Ahead of its IPO, Pine Labs raised ₹1,753 crore from 70 institutional investors through an anchor book on November 6
Pine Labs aims to raise ₹3,899.1 crore from the IPO, comprising a fresh issue of 94.1 million shares amounting to ₹2,080 crore and OFS of 82.3 million shares amounting to ₹1,819.9 crore
Fintech major Pine Labs, which is gearing up to float its initial public offering (IPO) this week, plans to expand its presence in global markets as a part of its growth strategy, its CMD and chief executive office B Amrish Rau said. "We want to take our fintech platform global. We want to focus on select global markets, such as Southeast Asia and the Middle East, and intend to continue expanding and onboarding new clients in these markets," Rau told PTI. Noida-based Pine Labs is a technology company focused on digitising commerce through digital payments and issuing solutions for merchants, consumer brands, enterprises, and financial institutions. At present, its technology infrastructure supports digital transactions and payment processing in India as well as in 20 international markets including Malaysia, the UAE, Dubai, Singapore, Australia, the US, and parts of Africa. "By expanding our operations in these international markets, we expect to be able to scale our existing ...
Pine Labs IPO: comprises a fresh issue of 94.1 million shares aggregating to ₹2,080 crore, and an OFS with investors divesting up to 82.3 million shares worth ₹1,818.9 crore
The number of shares in the offer for sale (OFS) was reduced from 14.78 crore shares to 8.23 crore shares
The company, which provides payment solutions such as point-of-sale terminals, slashed the portion offered by existing investors by 44% and new shares by 20% in its updated prospectus filed on Friday
Pine Labs comprises a fresh issue of 94.1 million equity shares amounting to ₹2,080 crore and an OFS of 82.3 million equity shares aggregating to ₹1,819.9 crore
This week, two highly anticipated mainboard offerings, Groww and Pine Labs, are set to open for subscription
Fintech firm Pine Labs is gearing up to launch its initial public offering (IPO) on November 7, aiming to raise Rs 2,080 crore through fresh issue of shares. The company's maiden public offering would conclude on November 11. The bidding for anchor investors will open for a day on November 6, according to the red herring prospectus (RHP). Apart from fresh issue, there would be an Offer for Sale (OFS) of up to 8.23 crore equity shares. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, Sofina Ventures S.A.and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. Proceeds from the fresh issue will be used by the company to repay debt, investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of digital checkout points. The company will
Setu strengthens its leadership team with experienced executives from Razorpay, PhonePe, and other fintech giants to drive growth
Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors