Pine Labs IPO: From 5 Billion to 8 Billion Valuation? Pine Labs IPO Ready to Rock!

Pine Labs IPO: Pine Labs, a leading fintech company, is all set to make its presence felt in the Indian stock market, a recent report has revealed. According to reports, the company may file its draft red herring prospectus (DRHP) by mid-February 2025 and is aiming to list it on the stock market by August 2025. Pine Labs primarily provides online and offline payment gateway services for gifting, credit, e-commerce, and retail merchants.

Let us tell you that the company has shifted its headquarters to India so that its position can be further strengthened in the Indian capital market. Apart from this, the company has appointed big merchant bankers like Axis Capital, Citi, Morgan Stanley, Jefferies, and JP Morgan to bring the IPO. It is believed that this IPO will be the largest IPO in the payment sector after Paytm’s IPO in 2021. So let us now know the complete information related to this IPO.

Pine Labs IPO
Pine Labs IPO

Pine Labs IPO: Important Information

If we talk about Pine Labs IPO, then this IPO can file DRHP very soon, along with this, the possible date of listing is being told as August 2025, you can get other information through the table below:

ParametersDescription
Date of filing of DRHP for IPOFebruary 2025 (Expected)
Expected listing dateAugust 2025
Estimated Valuation$6-8 billion (Rs 50,000-70,000 crore)
Estimated size of IPO$1.2-1.5 billion (Rs 10,000-12,500 crore)
Merchant BankerAxis Capital, Citi, Morgan Stanley, Jefferies, JP Morgan
Key investorsPeak XV Partners, PayPal Ventures, Alpha Wave Global, Temasek, Mastercard
Funding rounds (so far)14 rounds (2009 till date)
Company funding (so far)$1.32 billion
ServicesOnline & Offline Payment Gateways for Gifting, Credit, E-Commerce, Retail Merchants
Importance of IPOThe biggest IPO in the payment sector after Paytm IPO; Investors’ growing confidence in the digital payment sector

Pine Labs IPO valuation and strategy behind it

Pine Labs has not yet decided on its exact valuation. However, experts believe that the valuation of the company could be around $6 to $8 billion (Rs 50,000 to Rs 70,000 crore). The company’s IPO could be around $1.2 to $1.5 billion (Rs 10,000 to Rs 12,500 crore). This estimate is being made based on the company’s previous funding round. In April 2024, Baron Funds estimated the company’s valuation at $5.8 billion, while Invesco put it at $4.8 billion.

If we talk about Pine Labs company after filing DRHP, it will organize a roadshow, which will help in value discovery among potential investors. Through this, the company will sell shares by attracting investors. Now let’s talk about the major names investing in Pine Labs, see below.

Major names investing in Pine Labs
Major names investing in Pine Labs

Major names investing in Pine Labs

Pine Labs has raised approximately $1.32 billion in funding in 14 rounds since 2009. Private equity, venture capital, and foreign funds have contributed significantly to this. Major investors include big names like Peak XV Partners, PayPal Ventures, Alpha Wave Global, Temasek, and MasterCard.

According to sources, existing investors can sell about 20% of the company during the IPO. Apart from this, new shares can also be issued in the IPO.

Pine Labs IPO Importance and Prospects

Pine Labs’ IPO will not only be a means of raising funds for the company, but it will also demonstrate the growth of the Indian digital payment ecosystem. This IPO shows the growing demand for fintech companies in the Indian market and investors’ confidence. The company will use this fund to expand its business and adopt new technologies.

Read this also: Breaking: NSE Puts These 9 Stocks in F&O Ban List – Here’s What It Means for You

Conclusion

Pine Labs has made a big name in the Indian fintech sector and plans to expand its business further through an IPO. The company’s estimated valuation can be between $6 to $8 billion, making it one of the largest IPOs in the Indian payment sector. This IPO can prove to be a great opportunity for existing investors as well as new investors. If you are planning to invest in this IPO, then definitely study the DRHP document of the company and take advantage of this historic opportunity.

Vikram Singh is the founder of Daily Grow and an experienced finance expert who shares accurate and in-depth information about the stock market, investments, and finance. His writings aim to inspire readers towards financial freedom.

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