Pine Labs DRHP Filing: SEBI Update
- pine Labs, a technology company specializing in digital payments and commerce solutions, has filed a Draft red Herring Prospectus (DRHP) with the Securities and Exchange Board of India...
- The companyS digital infrastructure and transaction platform processed ₹7,531.05 billion in gross transaction value (GTV) across 3.97 billion transactions during the nine months ending Dec.
- Pine Labs offers a suite of digital payment services through its Digital Infrastructure and Transaction Platform and Issuing and Acquiring Platform.
Mark your calendars! Pine Labs,a leader in digital payments and commerce,just filed its DRHP with SEBI. This move signals an upcoming initial public offering, with the aim of raising up to ₹26 billion through a fresh issue of equity shares. Existing shareholders are also offering up to 147,822,225 equity shares for sale. News Directory 3 reports that in the nine months ending December 31, 2024, Pine Labs processed an impressive ₹7,531.05 billion in gross transaction value, highlighting their robust platform and market presence.With significant market share in gift card issuances and a strong position in digital affordability solutions, Pine Labs is poised for growth. The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited. Discover what’s next for this dynamic player in the fintech realm.
Pine Labs Files Draft Prospectus for IPO, Eyes ₹26 billion
Updated June 28, 2025
pine Labs, a technology company specializing in digital payments and commerce solutions, has filed a Draft red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering. The Pine Labs IPO aims to raise capital through a fresh issue of equity shares aggregating up to ₹26 billion (₹2600 crore). The IPO also includes an offer for sale of up to 147,822,225 equity shares by existing selling shareholders.
The companyS digital infrastructure and transaction platform processed ₹7,531.05 billion in gross transaction value (GTV) across 3.97 billion transactions during the nine months ending Dec. 31, 2024.As of the same date, Pine Labs served 915,731 merchants, 666 consumer brands and enterprises, and 164 financial institutions.
Pine Labs offers a suite of digital payment services through its Digital Infrastructure and Transaction Platform and Issuing and Acquiring Platform. According to a Redseer Report, Pine Labs held the largest market share in India for closed and semi-closed loop gift card issuances by transaction value in fiscal year 2024. The company also ranked as the largest digital affordability solution enabler at DCPs in terms of total processed value, among the top five in-store digital platforms, and a prominent Bharat Connect transactions processing solutions provider in fiscal year 2024, the report stated.
The equity shares are proposed to be listed on the BSE limited and National Stock Exchange of India Limited.
Axis Capital Limited, Morgan stanley India Company Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Jefferies india Private Limited are serving as the Book Running lead Managers for the issue.
What’s next
The IPO’s success hinges on regulatory approvals and market conditions. Investors will be closely watching Pine Labs’ performance and growth prospects in the rapidly evolving digital payments landscape.