Pine Labs is also seeking a valuation of $2.86bn from the listing which is scheduled to take place between November 7 and 11 with anchor investors able to bid a day earlier.
,Pine Labs, which is backed by Mastercard and PayPal, has scaled down its expectations from previous months.
,The share sale size is around 44% less than the original filing – from 148 million to 82.3 million. Meanwhile, the $2.86bn valuation is a 40% drop from its 2022 figure of more than $5 billion.
,November is set to be a busy time for India’s capital markets with IPOs also planned for the likes of Lenskart, Groww, PhysicsWallah, Meesho, Boat, Shadowfax and Wakefi.
