Moneyview IPO priced at Rs 32-34 per share for Rs 1,092
Fintech unicorn Moneyview has set a price band of Rs 32-34 per share for its upcoming IPO, seeking a valuation of Rs 5,985 crore, a significant markdown
Fintech startup Moneyview has fixed a price band of Rs 32 to Rs 34 per share for its initial public offering. The IPO will open for subscription on September 24 and close on September 28, with a targeted listing date of October 1 on the BSE and NSE.
At the upper end of the band, the company is eyeing a valuation of approximately Rs 5,985 crore, or $624 million. This valuation is notably lower than the over $1 billion valuation it achieved in 2024 when it became a unicorn. The total issue size is around Rs 1,092 crore.
IPO Structure and Selling Shareholders
The offer comprises a fresh issue of shares worth up to Rs 750 crore and an offer for sale (OFS) of up to 10.05 crore equity shares. The fresh issue size was halved from the Rs 1,500 crore proposed in the draft papers, and the OFS was reduced from 13.6 crore shares.
Cofounders Puneet Agarwal and Sanjay Aggarwal plan to sell up to 1.35 crore shares each, worth Rs 46.06 crore apiece at the upper price band. Other investors participating in the OFS include Tiger Global’s Internet Fund III, Accel India IV, Accel Growth IV, Crimson Winter, Ribbit Capital, NLI Strategic Venture Investment, TI JPNIN India Holdco, and DI Investment. Anchor investors can bid on September 23.
Use of Proceeds and Business Overview
Moneyview plans to use Rs 325 crore from the fresh issue proceeds to support loan disbursals under default loss guarantee arrangements. Another Rs 250 crore will be infused into its non-banking financial company (NBFC) subsidiary, Whizdm Finance, to augment its capital base. The remainder is earmarked for general corporate purposes.
Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a digital financial services platform targeting "Middle India." Its offerings include personal loans, payments, investments, and insurance. Personal loans are its flagship product. As of June 30, 2026, the platform reported 140.28 million registered users and 48 financial partners, with a managed assets under management (AUM) of Rs 22,520 crore.
Financial Performance
The company's recent financial results show strong growth. For the first quarter of FY27, operating revenue grew 50.2% to Rs 1,041.1 crore from Rs 693 crore in Q1 FY26. Net profit jumped 158.8% to Rs 173.8 crore from Rs 67.2 crore.
| Metric | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Operating Revenue | Rs 1,041.1 Cr | Rs 693 Cr |
| Total Expenses | Rs 832.3 Cr | Rs 613.2 Cr |
| Net Profit | Rs 173.8 Cr | Rs 67.2 Cr |
For the full fiscal year 2026, operating revenue was Rs 3,351.2 crore, up from Rs 2,339.1 crore in FY25. Net profit increased marginally to Rs 242.7 crore from Rs 240.3 crore, impacted by an exceptional item of Rs 207 crore. Profit before this exceptional item rose 65.4% to Rs 397.3 crore.
Funding and Market Context
Moneyview has raised more than $250 million from investors including Accel, Tiger Global, and Ribbit Capital. Before the IPO, Accel was its largest shareholder with a 21.9% stake. The company received Securities and Exchange Board of India (SEBI) approval for the public issue in July after filing its draft red herring prospectus in March.
The IPO arrives during a busy period for Indian fintech listings.
