Moneyview IPO Debuts 59% Higher, Posts Strong Q1 FY27
Digital lender Moneyview's shares surged nearly 59% on their stock market debut following a massively oversubscribed IPO, as the company reported a 2.6X
Moneyview's IPO debut and Q1 FY27 results mark a major milestone for the digital lender. The fintech's shares closed their maiden trading session at ₹54.03 on the BSE, 58.9% above the issue price of ₹34.
The IPO was fully subscribed within hours on the first day of bidding and closed with an oversubscription of 98.46X. Qualified institutional buyers oversubscribed their quota by 227.45X. The offering was anchored by investors including SBI Mutual Fund and Goldman Sachs, who were allotted 9.63 crore equity shares for a total investment of ₹327.5 crore.
Moneyview raised ₹1,092 crore through a ₹750 crore fresh issue and an offer-for-sale of up to 10.05 crore shares worth around ₹341.7 crore. The company had fixed the IPO price band at ₹32-₹34 per share.
On listing day, the stock started trading at ₹55.61 on the BSE, up 63.55% from the issue price. It surged to an intra-day high of ₹62, up 82.35%, before settling. On the NSE, the stock listed at ₹55, a premium of 61.76%, and ended at ₹53.88. Moneyview’s market capitalisation stood at ₹9,510.5 crore at the end of the session.
Financial Performance Post-Listing
Moneyview’s consolidated financials for Q1 FY27 showed robust growth. The net profit jumped 2.6X to ₹173.8 crore from ₹67.2 crore in the year-ago quarter. Operating revenue rose 50.2% to ₹1,041.1 crore from ₹693 crore.
For the full fiscal year FY26, operating revenue grew to ₹3,351.2 crore from ₹2,339.1 crore in FY25. The consolidated profit increased marginally to ₹242.7 crore from ₹240.3 crore.
Use of IPO Proceeds and Business Model
The capital raised will fuel Moneyview's expansion. Of the fresh issue proceeds, ₹325 crore will be used to support loan disbursals under default loss guarantee arrangements. A further ₹250 crore will be invested in augmenting the capital base of its NBFC subsidiary, Whizdm Finance. The remaining funds are earmarked for general corporate purposes, with a third of the fresh capital specifically for investment in Whizdm.
Moneyview operates as a digital-only, credit-led fintech platform. It offers unsecured personal loans to underserved and new-to-credit borrowers. The company partners with banks and NBFCs to offer loans via its app and website, and also issues loans in-house via Whizdm Finance.
Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Aggarwal, its flagship digital personal loan business launched in 2017. The platform has since expanded into earned wage access, home loans, loans against property, digital gold, and UPI transactions, covering borrowing, transactions, investments, and protection.
Puneet Agarwal said, "The strong listing reflects investor confidence in our vision and growth potential." Sanjay Aggarwal added, "This IPO will accelerate our mission to serve underserved borrowers through technology."
Moneyview continues to execute its strategy to serve underserved borrowers using the newly raised capital.
