The initial public offering (IPO) of Moneyview, a Bengaluru-based fintech company, commenced subscriptions today, September 24. Investors can bid for shares within a price band of ₹32 to ₹34 per equity share, with the offering concluding on Monday, September 28. The company intends to raise a total of ₹1,092 crore from the public market.
Moneyview IPO Details and Fund Utilization
The Moneyview IPO comprises a fresh issue of shares worth ₹750 crore and an offer-for-sale (OFS) of up to 10.04 crore equity shares, totaling ₹342 crore. Proceeds from the fresh issue are earmarked for driving growth in loan disbursals, investment in its material subsidiary WFPL, and general corporate purposes. Investors are required to apply for a minimum of 441 equity shares and in multiples thereof.
Incorporated in 2014, Moneyview specializes in providing digital financial services through its mobile platform. It focuses on accessible, technology-driven solutions, offering personal loans, credit tracking, and comprehensive financial management services to individuals across India.
Strong Financial Performance and Anchor Investor Interest
Moneyview reported a significant 159% year-on-year increase in net profit, reaching ₹173.80 crore for the June 2026 quarter, with revenue climbing 51.5% to ₹1,065.09 crore. For the financial year 2024-25, the company recorded a net profit of ₹242.71 crore on revenues of ₹3,404.27 crore. The company's current market capitalization is approximately ₹5,985 crore.
Ahead of its public debut, Moneyview successfully raised ₹327.50 crore from 20 anchor investors. These institutional investors were allocated 9,63,23,729 equity shares at ₹34 apiece. Notable anchor investors included SBI MF, ICICI Prudential MF, HDFC MF, Goldman Sachs India Funds, Motilal Oswal MF, and Aditya Birla Sun Life MF, among others.
IPO Allocation and Grey Market Premium (GMP)
The IPO's net offer is structured with 50% reserved for Qualified Institutional Bidders (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% allocated to retail investors. Market observers note a grey market premium (GMP) of ₹14 per share for Moneyview, suggesting a potential listing gain of around 41% for investors.
Axis Capital, BofA Securities, IIFL Capital Services, and Kotak Mahindra Capital are the book-running lead managers for the IPO, with MUFG Intime India serving as the registrar. Moneyview shares are scheduled to list on both BSE Ltd and NSE on Thursday, October 1.
Brokerage Reviews Lean Towards 'Subscribe'
Several brokerage firms have issued 'Subscribe' ratings for the Moneyview IPO, citing various growth drivers and caveats:
- Anand Rathi Share & Stock Brokers: Recommended 'Subscribe for long-term,' highlighting Moneyview's strong position to benefit from increasing digital adoption, financial services penetration in 'Middle India,' its large user base, data-driven risk assessment, and AI capabilities.
- SBI Securities: Also advised 'Subscribe,' emphasizing Moneyview's digital-only, asset-light model and deep integration with 48 financial partners, which supports scalable growth and efficient customer acquisition. They noted impressive CAGR across income, operating profit, and PAT from FY24-FY26.
- Swastika Investmart: Gave a 'Subscribe' rating for long-term investors, acknowledging Moneyview's substantial platform with over 14 crore registered users and ₹22,500 crore in managed AUM. However, they raised a concern regarding asset quality, noting a rise in gross Stage 3 loans, particularly given the unsecured nature of the loan book.
- SMIFS: Recommended 'Subscribe,' stating that the investment case rests on the sustainability of underwriting performance as on-book AUM grows and the durability of fee rates with financial partners. They found the valuation undemanding relative to growth if credit costs remain stable.
- BP Equities: Assigned a 'Subscribe' rating, citing strong growth, scalable technology-led operations, improving customer retention, and an attractive relative valuation at 21.7 times FY26 P/E, which is a significant discount to peers.
- Kunvarji Financial Services: Also recommended 'Subscribe,' pointing to Moneyview's strong growth prospects backed by its large user base, expanding digital lending market, and improving credit performance. They noted that while valuations appear reasonable, credit costs, regulatory changes, and competition remain key monitorables.