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Total expenses of the company increased 35% to Rs 586 crore during the quarter from Rs 434 crore in the year-ago period.
As India's Account Aggregator ecosystem introduces standardised pricing, the question is no longer whether data should carry a fee. It is whether the value created is being shared fairly.
The approvals follow the company's board clearance on September 17 and shareholder approval at an extraordinary general meeting on October 14.
NeoGrowth’s total expenses fell 6.8% to Rs 687.69 crore in FY26 from Rs 738.19 crore in FY25.
Total expenses of the company declined 12% to Rs 376.8 crore during the fiscal from Rs 426.7 crore in FY25, aided by a sharp reduction in impairment costs.
Existing investors Z47 and Lok Capital participated in the round along with Norinchukin Capital and Alteria Capital.
On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
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 round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
The acquisition is expected to bolster DSP Finance’s offerings in loans backed by financial assets, particularly mutual funds.
