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Merchant payments and lending platform Pine Labs is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the end of this month, as it gears up for a public listing later this year, people aware of the matter told ET.
The Noida-headquartered firm is looking to raise Rs 5,000-6,000 crore through the initial public offering (IPO), they said. The listing could value the company at around $4-5 billion, as per preliminary estimates, similar to its last private valuation.
Pine Labs has appointed Axis…
