New Delhi, June 26 -- Indian fintech firm Pine Labs has filed its draft red herring prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI), for its initial public offering (IPO) on Wednesday, 25 June 2025, according to an exchange filing.

The IPO draft papers on Thursday showed that the company is set to issue a combination of fresh equity s worth Rs.2,600 crore and an offer-for-sale (OFS) component of more than 14.78 crore shares.

Pine Labs is a fintech firm which offers full-stack payment solutions, including point-of-sale machines, to merchants for card payments and competes with Paytm and Walmart's PhonePe.

Existing investors, including Peak XV, PayPal and Mastercard, are selling up to 14.78...