As Pine Labs Ltd (PINELABS) expands its international footprint, which now accounts for 17% of total revenue, it faces increasing geopolitical and regulatory risks. The company’s recent partnership with Wio Bank in the UAE and expansion into Malaysia and Australia exposes it to varying cross-border payment regulations and potential currency volatility. While the company has no direct exposure to manufacturing tariffs, its merchant clients in the consumer electronics and retail sectors may face indirect pressure from global trade disputes, potentially impacting transaction volumes.
In a mandatory filing submitted to the BSE and NSE on January 28, 2026, Pine Labs Ltd (PINELABS) disclosed the utilization of ₹610.76 crore of its IPO proceeds. The company utilized ₹532 crore for debt repayment, fulfilling a key objective stated in its prospectus. The remaining ₹1,469.24 crore is currently held in fixed deposits with major Indian banks, earning interest between 5.25% and 6.40% as the company adopts a “measured approach” to its planned investments in IT assets and international expansion.