Moneyview Sets IPO Price Band at ₹32-34, Plans to Raise Up to ₹1,092 Crore

Digital financial services platform Moneyview has fixed a price band of ₹32-34 per share for its upcoming initial public offering, which opens for public subscription on September 24. 

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At the upper end of the band, the Bengaluru-based company plans to raise up to ₹1,091.7 crore, valuing it at close to ₹6,000 crore. 

The IPO combines a fresh issue of ₹750 crore with an offer for sale of 10.04 crore equity shares. The OFS is valued at about ₹341.7 crore at the top of the price band. 

Promoters Puneet Agarwal and Sanjay Aggarwal will participate in the OFS alongside existing investors including Accel, Tiger Global Management, Ribbit Capital and DI Investment. 

IPO to remain open until September 28 

The IPO of Moneyview will commence bidding for its public issue from September 24 and will conclude bidding on September 28. The anchor book bidding for the institution category will commence one day before that i.e. on September 23. 

The basis of allocation for the company will likely be determined by September 29, while its shares will commence trading on the stock exchanges on October 1. 

The minimum bid quantity for investors to make a bid for is 441 shares and in multiples of 441 thereafter. While at the upper range of the price band, the minimum retail bid is ₹14,994 and the maximum bid size is ₹1,94,922. 

50% of the total offering size has been reserved for qualified institutional buyers, while non-institutional investors have received 15%. 

Accel is Moneyview’s largest shareholder 

Accel currently holds a 21.89% stake in Moneyview, making it the company’s largest shareholder. 

Internet Fund III, an affiliate of Tiger Global Management, holds 13.79%, followed by promoter Sanjay Aggarwal with 10.33%. Ribbit Capital owns 10.2%, while Puneet Agarwal holds an 8.66% stake. 

Moneyview connects users seeking financial products with banks, non-banking financial companies, insurers and other financial institutions. Its offerings include personal loans, insurance, credit cards and digital gold. 

Fresh issue proceeds earmarked for lending growth and Whizdm Finance 

Of the net proceeds from the fresh issue, Moneyview plans to use ₹325 crore to support growth in loan disbursals under default loss guarantee arrangements. 

Another ₹250 crore is intended for investment in Whizdm Finance to strengthen its capital base. The balance will be available for general corporate purposes. 

June-quarter profit rises to ₹173.8 crore 

Moneyview posted a net profit of ₹173.8 crore during the quarter ending June 2026, which is up by 158.8% compared with ₹67.15 crore in the corresponding quarter last year. 

Total income witnessed a growth of 50.2% to ₹1,041.1 crore from ₹693 crore. 

On a full-year basis, the company's profit came in at ₹242.7 crore against ₹240.3 crore in the previous year, marking a growth of 1%. Total income witnessed an increase of 43.3% to ₹3,351.2 crore from ₹2,339.1 crore. 

Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Company are the book-running lead managers for this IPO.