Daijiworld Media Network – New Delhi

New Delhi, Nov 1: Fintech major Pine Labs is set to make its stock market debut with a Rs3,500 crore initial public offering (IPO) on November 7, marking one of the most anticipated listings in India’s digital payments sector this year.

According to updated regulatory filings, the Noida-based company has trimmed its fresh issue size to Rs2,080 crore from the earlier proposed Rs2,600 crore. The offer-for-sale (OFS) component has also been reduced to 8.23 crore shares from 14.78 crore, pegging its value at around Rs1,500 crore.

The final price band and valuation details are expected to be announced on Monday, according to sources familiar with the matter.

Pine Labs, which counts Peak XV Partners, Actis, PayPal, Mastercard Asia Pacific, Temasek (via M

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