India, Jan. 27 -- Fintech major Pine Labs is reportedly gearing up to file its draft papers for an initial public offering by the middle of next month.

According to a report by Moneycontrol, citing sources close to the matter, after completing all the formalities to shift its base to India, the company wants to get listed on the bourses at the earliest.

In August last year, the company received initial set of approvals from the National Company Law Tribunal (NCLT) to merge its Singapore entity with its Indian subsidiary.

In November, the Delhi-NCR-based startup reportedly picked five investment banks as advisors for its $1 Bn (around INR 8,424.7 Cr) initial public offering (IPO).

These banks included Axis Capital, Morgan Stanley, Citi...