Pine Labs is set to launch its IPO in 2025, aiming to raise around ₹2,600 crores through a fresh issue, along with an offer for sale of 14.78 crore shares. The price band and exact dates are yet to be announced.
The IPO will follow the Book Build Issue format with a retail quota of 10%, QIB at 75%, and HNI at 15%.
Financially, Pine Labs reported a revenue of ₹1,382.63 crores in 2024, up from ₹1,327.59 crores in 2023. However, the loss widened to ₹187.17 crores in 2024 from ₹56.24 crores the previous year.
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