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Pine Labs IPO To Open On Nov 7, Cuts Issue Size

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SUMMARY

Pine Labs has filed its RHP for its IPO which will comprise a fresh issue of up to INR 2,080 Cr and an OFS of up to 8.23 Cr shares

The IPO will open on November 7 and close on November 11. Anchor bidding will take place on November 6

Peak XV Partners, Actis Pine Labs Investment Holdings, Macritchie Investments, PayPal, Mastercard and cofounder Lokvir Kapoor, among others will offload their shares via the OFS

Fintech major Pine Labs has filed its RHP for its initial…

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