Page 2 - Pine Labs

Pine Labs IPO sees 54% subscription on second day, retail demand strong

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

IPO Calendar: 5 issues to raise ₹10,000-cr next week; Lenskart debut eyed

The stock market will see three major listings, including Groww, Pine Labs, and Lenskart, marking another active week for investors

Pine Labs IPO opens for bidding: Check GMP, price band, key dates, review

Ahead of its IPO, Pine Labs raised ₹1,753 crore from 70 institutional investors through an anchor book on November 6

Pine Labs IPO: Analysts divided on prospects; should you subscribe?

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

IPO-bound Pine Labs plans to expand presence in global markets: CEO

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: Tech-driven growth, hidden risks; what investors should know

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

Fintech firm Pine Labs trims IPO size, sets price band at ₹210-221 a share

The number of shares in the offer for sale (OFS) was reduced from 14.78 crore shares to 8.23 crore shares

Pine Labs IPO trimmed as investors decide to sell less at price band: CEO

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 IPO opens Nov 7; sets price band at ₹210-221: Check key details

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

IPO Calendar: Groww, Pine Labs to open this week; 5 listings on radar

This week, two highly anticipated mainboard offerings, Groww and Pine Labs, are set to open for subscription

Pine Labs to launch IPO on Nov 7; aims to raise ₹2,080 cr via fresh issue

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 makes leadership appointments, hires executives from major fintechs

Setu strengthens its leadership team with experienced executives from Razorpay, PhonePe, and other fintech giants to drive growth

Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO

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

Pine Labs plans ₹2,600 cr IPO; Peak XV, PayPal to trim stakes

Pine Labs files DRHP to raise ₹2,600 crore via fresh issue and OFS; proceeds to repay debt, expand globally, and invest in tech and digital checkout

Pine Labs files DRHP with Sebi for IPO; to raise ₹2,600 cr via fresh issue

Temasek and Peak XV Partners-backed Pine Labs has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth Rs 2,600 crore and an offer for sale (OFS) of more than 14.78 crore shares by investor selling shareholders, according to the draft red herring prospectus (DRHP) filed on Wednesday. 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, and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. The company plans a pre-IPO placement of shares aggregating to Rs 520 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 870 crore will be used by the company to repay debt and Rs 760 crore will

Pine Labs CFO Marc Mathenz steps down ahead of $1 billion IPO listing

Group CFO Marc Mathenz has cited personal reasons for leaving Pine Labs as the company prepares to file its DRHP for an IPO expected to raise $1 billion later this year

FM Nirmala Sitharaman signals policy aid to fintechs in Pine Labs visit

Sitharaman may visit more fintech companies and global capability centres across major cities

Pine Labs secures NCLT approval to merge domestic, Singapore entities

The development comes as the Singapore-based digital payments company is shifting its domicile back to India. The cost of the reverse flipping could not be ascertained

US investment firm Invesco reduces fair value of Pine Labs, Swiggy

Pine Labs plans $1 bn IPO in India after getting Singapore court's approval to shift base

Invesco lowers fair value, cutting Swiggy and Pine Labs valuations

US-based investor Invesco valued its 28,844 shares in Swiggy at $219.2 million, implying a total valuation of $12.3 billion, down from $12.7 billion in January 2024