Pine Labs submits Q3FY26 monitoring report showing ₹610.76 crore IPO proceeds utilization
Published on: Jan. 28, 2026, 6:13 p.m. | Source: scanx.trade
Pine Labs Limited submitted its Q3FY26 monitoring agency report showing ₹610.76 crore utilization from its ₹2,080.00 crore IPO proceeds. The company completed debt repayment of ₹532.00 crore and utilized ₹78.76 crore for IPO expenses. The remaining ₹1,469.24 crore is invested in fixed deposits with major banks earning 5.25% to 6.40% returns. Funds for IT investments, subsidiary expansion, and general corporate purposes remain unutilized, indicating a measured deployment approach.
