Moneyview IPO subscribed 98.5x
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
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Moneyview’s initial public offering (IPO) attracted heavy demand on the last day of bidding, with the issue receiving 98.5x subscription.
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x. Non-institutional investors (NIIs) subscribed 115.4x, while the retail portion was subscribed 19.6x.
Before the IPO opened, Moneyview raised Rs 327.5 crore from anchor investors, including ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Goldman Sachs, Amundi Funds, 360 ONE and HDFC Life.
The IPO was open from September 24 to September 28, with a price band of Rs 32-34 per share.
The issue included a fresh share sale of Rs 750 crore and an offer-for-sale (OFS) of up to 10.04 crore shares.
The company will use Rs 325 crore from the fresh issue for loan disbursements and invest another Rs 250 crore in its NBFC arm, Whizdm Finance. The remaining funds will be used for general corporate purposes.
Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview provides financial services such as personal loans, insurance, credit cards and digital gold through partnerships with banks, NBFCs, insurers and other financial institutions.
Moneyview reported revenue of Rs 3,351 crore and a profit of Rs 244 crore in FY26. Its revenue increased 50.2% year-on-year to Rs 1,041 crore in the June 2026 quarter, while profit rose 158.8% to Rs 173.8 crore.