<ul><li>Pine Labs is planning to file its DRHP for an IPO by the end of June, aiming to raise Rs 5,000-6,000 crore.</li><li>The IPO could value Pine Labs at around $4-5 billion, similar to its last private valuation, with appointed bankers including Axis Capital, JP Morgan, and others.</li><li>The company aims to target the IPO towards the end of the year based on market conditions, following its reverse flip completion in April.</li><li>For FY24, Pine Labs reported an operating revenue of Rs 1,743 crore and a loss before tax of Rs 339 crore, while also preparing to join Groww and PhonePe in filing IPO papers.</li></ul>

Pine Labs to file DRHP for Rs 5,000-6,000 crore IPO by June-end

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