Pine Labs Eyes October Listing, To Trim IPO Size To $700 Mn

Pine Labs is mulling trimming its IPO size by 30% as exiting investors are looking to cut back on OFS component

The fintech major filed its DRHP in June for an IPO, which will comprise a fresh issue of shares worth INR 2,600 Cr and an OFS of up to 14.78 Cr shares

The Mumbai-based company received SEBI nod for its public listing last week

Fintech major Pine Labs is reportedly looking to raise $700 Mn (about INR 6,178.5 Cr) via its initial public offering (IPO) next…