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IPO · Financial Services

Moneyview opens its public issue to raise over ₹1,000 crore

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Moneyview logo
Date
Company
Moneyview
What it does
Digital financial services and lending platform
Kind
IPO
Amount
₹1,091.68 crore
Stage
public issue
Based in
Bengaluru
Founded
2014
Sector
Financial Services

What they do

Moneyview operates a digital platform connecting consumers with banks, non-banking financial companies [non-bank lenders], and insurers for various credit…

What happened

The fintech company opened its initial public offering to raise ₹1,091.68 crore through a mix of fresh share issuance and an offer for sale

Why it matters

The public issue comes as the firm scales its lending operations and expands its capital base through its non-bank finance subsidiary

The details

  • Digital lending platform Moneyview launched its initial public offering to raise ₹1,091.68 crore on September 24, 2026.
  • The public issue comprises a fresh issue of ₹750 crore alongside an offer for sale [existing shareholders sell their shares; no new money reaches the company] of ₹341.68 crore by promoters and early backers.
  • The price band for the offering was set at ₹32 to ₹34 per equity share, with a minimum retail investment lot size of 441 shares.
  • Before opening for general subscription, the company brought in ₹327.5 crore from institutional anchor buyers by allocating 9.63 crore units at the highest price limit.
  • Capital raised from the newly issued shares will be deployed toward backing loan advances through default loss guarantee frameworks and strengthening the financial reserve of its lending subsidiary.
  • The company reported a profit after tax of ₹242.7 crore on revenue of ₹3,351.2 crore for the financial year ending March 2026.

The bigger picture

  • The offering values the firm at a post-issue market capitalisation of approximately ₹5,985 crore.
  • Promoter and chief executive officer Puneet Agarwal received a one-time performance-based incentive of ₹160 crore in fiscal year 2026 ahead of the public listing.
  • Key institutional backers participating as selling shareholders in the offer for sale include Accel, Tiger Global Management, and Ribbit Capital.

About the business

  • Moneyview provides digital financial services spanning personal loans, credit cards, insurance, digital gold, and earned wage access.
  • The platform connects retail consumers seeking financial products with a network of banks and non-banking financial companies.
  • It operates an in-house non-banking financial subsidiary named Whizdm Finance to facilitate direct loan origination and on-balance-sheet lending.
  • The company utilizes data analytics and artificial intelligence for credit underwriting, customer segmentation, and unassisted digital journeys.
  • As of June 2026, the platform registered over 140 million users and maintained integration with 48 financial partners.

What happens next

  • Shares are scheduled to be allotted on September 29, 2026.
  • Refunds and share credits to demat accounts are expected by September 30, 2026.
  • Trading of shares on the National Stock Exchange and Bombay Stock Exchange is scheduled for October 1, 2026.

The deal

Type
ipo

Investors

  • Accel (seller) — Global venture capital firm and largest shareholder in Moneyview.
  • Tiger Global Management (seller) — US-based investment management firm investing through Internet Fund III.
  • Ribbit Capital (seller) — Fintech-focused venture capital investor.
  • DI Investment (seller) — Institutional investor and shareholder.
  • Crimson Winter (seller) — Institutional shareholder participating in the offer for sale.

Founders

  • Puneet Agarwal, Co-founder and CEO
  • Sanjay Aggarwal, Co-founder and Director

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