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In a step towards going public, fintech unicorn Pine Labs
filed its draft red herring prospectus (DRHP) earlier this week to raise up to INR 2,600 Cr via a fresh issue.
The initial public offering (IPO) will also see an offer for sale of up to 14.78 Cr shares by several marquee investors, including Mastercard, Peak XV Partners, Macritchie Investments (Temasek), PayPal and cofounder Lokvir Kapoor.
The 648-page DRHP offers a deep dive into the company’s capital structure. At the time of filing, Peak XV Partners Pine Investment Holdings topped…
