Digital lending platform Moneyview Ltd has set its initial public offering price band at ₹32 to ₹34 per equity share, with the issue scheduled to open for public subscription on September 24. At the upper end, the company is targeting an implied market capitalisation of approximately ₹5,985 crore. The total offer size is around ₹1,092 crore, combining a fresh share sale and an offer for sale by existing shareholders.
IPO Structure and Offer Details
The IPO comprises a fresh issue of equity shares worth up to ₹750 crore and an offer for sale of up to 10.05 crore equity shares by existing investors and promoters. At the upper end, the offer for sale component is valued at about ₹342 crore, bringing the total issue size to ₹1,092 crore. Anchor investors will bid on September 23, while the public issue closes on September 28 and listing is expected around October 1.
Investor Allocation and Minimum Bids
The public issue has reserved 50 percent of the total size for qualified institutional buyers, 15 percent for non-institutional investors, and 35 percent for retail investors. The minimum bid is 441 equity shares, and investors can bid in multiples of that number. Anchor investors will be able to place bids on September 23, a day before the retail and institutional subscription window opens.
Existing Shareholders Offloading Stakes
Founders Puneet Agarwal and Sanjay Aggarwal plan to offload up to 1.35 crore shares each, valued at around ₹46 crore per promoter at the upper price band. Institutional investors participating in the offer for sale include Tiger Global's Internet Fund III, Accel India IV, Accel Growth IV, Ribbit Capital, Crimson Winter and NLI Strategic Venture Investment. Before the IPO, Accel was the largest shareholder with a 21.89 percent stake, followed by Tiger Global entities with 13.79 percent.
Deployment of Fresh Issue Proceeds
Moneyview intends to allocate ₹325 crore from the net fresh issue proceeds to increase loan disbursals under default loss guarantee arrangements. A further ₹250 crore will be infused into its non-banking financial company subsidiary Whizdm Finance to strengthen its capital base. The remaining funds are earmarked for general corporate purposes, giving the company additional flexibility to support its lending ecosystem.
Financial Performance and Growth Momentum
For the financial year ended March 2026, Moneyview reported a profit after tax of ₹242 crore on revenue of ₹3,351 crore, reflecting steady growth in its digital lending business. In the quarter ended June 2026, profit stood at ₹174 crore while revenue reached about ₹1,065 crore, aided by improving operational efficiency. Loan disbursements grew 31 percent year-on-year to ₹23,099 crore in FY26, and assets under management stood at ₹22,520 crore as of June 30.
Platform Reach and Investor Backing
Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a technology-led financial services platform focused on middle India. Its product suite spans personal loans, home loans, loans against property, earned wage access, investments, insurance, digital gold and UPI transactions. The platform has more than 140 million registered users, 48 financial partners, and over $250 million raised from investors including Accel, Tiger Global and Ribbit Capital.
Moneyview's public listing is scheduled for October 1, with allotment expected to be completed on September 29 and trading set to begin on both BSE and NSE. Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company are managing the issue. The IPO offers investors exposure to a profitable digital lending franchise, although the implied valuation remains below the company's previous private unicorn valuation of over $1 billion.