Pine Labs Plans ₹2,080 Crore IPO Launch on November 7

Pine Labs, a leading fintech company specializing in digital payment solutions, is set to launch its initial public offering (IPO) on November 7, 2025, with the subscription window closing on November 11. The IPO consists of a fresh issue of shares worth approximately ₹2,080 crore and an Offer for Sale (OFS) of up to 8.23 crore shares by existing shareholders, including notable investors such as PayPal, Mastercard, Temasek, and co-founder Lokvir Kapoor. The company has reduced its originally planned IPO size, focusing the fresh issue proceeds on repaying debt, upgrading IT infrastructure, investing in technology development, and supporting international expansion through its subsidiaries. Pine Labs operates across multiple countries including India, Malaysia, UAE, Singapore, Australia, the US, and parts of Africa, serving a wide array of sectors like retail, ecommerce, financial services, and public institutions. Financially, Pine Labs has shown growth with a 28.5% revenue increase in FY25 and recently turned profitable in the first quarter of FY26, though it faces competition from both domestic and global fintech firms. The shares will be listed on the National Stock Exchange and Bombay Stock Exchange.