SEBI has cleared the IPO for fintech firm Pine Labs, which could raise up to $1 billion and reach a valuation of about $6 billion. The company offers payment infrastructure including point-of-sale terminals. Proceeds will be used to reduce debt, improve technology, and ramp up overseas operations. The approval comes amid renewed IPO interest in India. Alongside Pine Labs, IPOs for Hero Motors and Canara Robeco Asset Management were also given nods, indicating strength in fintech and asset management stocks.