Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Lending.
On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
The board has cleared the allotment of up to 2.64 crore equity shares at Rs 314.11 per share to a group of non-promoter investors.
The IPO will open on September 24 and close on September 28, while the anchor investor round is scheduled for September 23.
Earlier this year, other lending companies such as Kissht and Aye Finance also cut their IPO size, as valuation concerns grew.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
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The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
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Its net profit rose 75% year-on-year to Rs 281.4 crore during the fiscal year from Rs 160.6 crore in FY25.
The company's IPO, which opened last week, was subscribed over nine times overall.
The financial details of the deal, which is subject to regulatory approvals, were not disclosed.
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