IPO Overview
Incorporated in 2014 and headquartered in Bengaluru, Karnataka, Moneyview Limited is a consumer-focused, app-only, credit-led financial services platform targeting “Middle India” households — the large segment of salaried and self-employed individuals with limited access to formal credit. The platform combines two business models: distribution of financial products (personal loans, credit cards, insurance, digital gold, UPI, and bill payments) offered by partner banks, NBFCs, and insurers; and on-balance-sheet lending through its NBFC subsidiary, Whizdm Finance Private Limited (WFPL). As of June 30, 2026, Moneyview had integrations with 48 financial partners, served 99.04% of Indian PIN codes, and processed close to 2,00,000 loan applications daily. The company runs entirely without physical branches, and more than half its workforce was engaged in technology and data roles as of June 2026.
Moneyview Limited is bringing a Book Built Mainboard IPO worth ₹1,091.68 crore at the upper price band — a mix of a fresh issue of shares worth ₹750 crore and an Offer for Sale (OFS) worth ₹341.68 crore. The IPO will open for subscription on September 24, 2026, and close on September 28, 2026, with shares proposed to list on BSE and NSE on October 1, 2026. The price band is set at ₹32 to ₹34 per share.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – Mainboard |
| Listing Exchange | BSE & NSE |
| Anchor Investor Date | 23 September 2026 |
| IPO Open Date | 24 September 2026 |
| IPO Close Date | 28 September 2026 |
| Allotment Date | 29 September 2026 (Expected) |
| Credit to Demat | 30 September 2026 |
| Listing Date | 1 October 2026 (Tentative) |
| Price Band | ₹32 – ₹34 per share |
| Face Value | ₹1 per share |
| Lot Size | 441 shares |
| Minimum Investment (Retail) | ₹14,994 (1 lot = 441 shares) |
| Issue Size | ₹1,091.68 crore |
| Fresh Issue | ₹750 crore |
| Offer For Sale (OFS) | ₹341.68 crore (10,04,94,200 shares) |
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
OFS / Selling Shareholders
Selling shareholders include promoters and institutional investors. Accel India IV (Mauritius) leads with up to 20,471,800 shares, followed by Internet Fund III at 19,194,900 shares and Crimson Winter at 14,516,100 shares. Promoters Puneet Agarwal and Sanjay Aggarwal are each offering up to 13,548,300 shares. DI Investment is also among the selling shareholders. Net OFS proceeds will go directly to the respective selling shareholders and will not benefit the company.
Objects of the Issue (Fund Utilization)
The company will receive proceeds only from the ₹750 crore fresh issue. The planned utilization is as follows:
- Investment to drive growth in loan disbursals under Default Loss Guarantee (DLG) arrangements — ₹325 crore
- Investment in material subsidiary WFPL (Whizdm Finance Private Limited) to augment its capital base — ₹250 crore
- General corporate purposes — remaining proceeds
Lead Managers & Registrar
- Book Running Lead Managers: Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited
- Registrar to the Issue: MUFG Intime India Private Limited
Promoters & Management
The company is promoted by Mr. Puneet Agarwal, Mr. Sanjay Aggarwal, and Ms. Sushma Abburi. The promoters bring deep expertise in financial technology, credit underwriting, and digital product development.
The company is backed by marquee global investors including Accel, Tiger Global Management, and Ribbit Capital, reflecting strong institutional confidence in the platform’s growth potential.
Company Details
Moneyview operates as a consumer-focused, digital-only financial services platform catering to Middle India customers. Its model combines distribution of financial products offered by partner banks, NBFCs, insurers, and other partners, and on-balance-sheet lending through its NBFC subsidiary, Whizdm Finance Private Limited (WFPL). The platform is positioned as a multi-product marketplace spanning borrowing, payments, savings/investments, and insurance.
Products & Services Offered:
- Personal Loans (core revenue driver)
- Credit Cards
- Insurance Products
- Digital Gold
- Earned Wage Access
- UPI & Bill Payments
- Loans Against Property & Home Loans
Key Capabilities:
- In-house AI and machine learning models assessing more than 100,000 variables for credit underwriting
- Fully app-based, zero physical branch operations
- Total permanent workforce of 798 employees as of June 30, 2026, with more than 50% in technology and data roles
Platform Scale (as of June 30, 2026):
- Registered Users: 140.28 million
- Monetised Users: 11.90 million
- Financial Partners: 48
- PIN Code Coverage: 99.04% of India
- Managed AUM: ₹22,520 crore
Registered Office:
17/1, 1st and 2nd Floor, The Address Building, Outer Ring Road, Marathahalli, Kadubeesanahalli, Bengaluru, Karnataka – 560103
Financial Snapshot
| Period | Total Income (₹ Cr) | PAT (₹ Cr) |
| FY25 | ₹2,378.53 | ₹240.28 |
| FY26 | ₹3,404.27 | ₹242.71 |
| Q1 FY27 (Jun 2026) | ₹1,041.11 | ₹173.80 |
Key Financial Metrics
- Total income grew 43.13% YoY in FY26; FY26 loan disbursals rose 31.08%.
- FY26 profit was ₹242.71 crore, broadly flat from ₹240.28 crore in FY25, even as revenue rose ~43%, reflecting higher costs as the loan book scaled.
- Pre-IPO EPS: ₹1.58 | Post-IPO EPS: ₹3.95 | Pre-IPO P/E: 21.52x | Post-IPO P/E: 8.61x
- Post-IPO market capitalization: ~₹5,984.79 crore (up from ₹5,234.79 crore pre-IPO)
Company Strengths
- One of India’s largest and fastest-growing digital lending platforms with 140+ million registered users and presence across 99% of Indian PIN codes — built entirely without physical branches
- Proprietary AI/ML-based underwriting engine assessing 100,000+ variables, enabling faster and more accurate credit decisions at scale
- Dual-model business — asset-light distribution + on-balance-sheet NBFC lending — provides revenue diversification and flexibility
- Rapidly expanding product suite beyond personal loans, including credit cards, insurance, digital gold, earned wage access, and home loans, enabling cross-selling and higher revenue per user
- Backed by top-tier global investors (Accel, Tiger Global, Ribbit Capital) with strong corporate governance
- Q1 FY27 PAT of ₹173.80 crore already shows significant improvement, suggesting FY27 profitability will materially exceed FY26 levels
Key Risks & Challenges
- Flat profitability in FY26: Despite 43% revenue growth, PAT was nearly unchanged at ₹242.71 crore vs ₹240.28 crore in FY25 — reflecting rapidly rising costs and credit provisions as the loan book scaled
- DLG credit exposure: ₹325 crore of fresh issue proceeds are being deployed into Default Loss Guarantee arrangements — this introduces credit risk on the company’s books if partner loans turn delinquent
- Rapidly rising borrowings: Borrowings more than tripled over two years to fund loan book growth — this creates vulnerability to interest rate hikes and liquidity tightening
- Regulatory risk: Digital lending and NBFC regulations in India have been evolving; any new RBI restrictions on digital lenders, DLG arrangements, or co-lending models could materially impact the business
- OFS component: ₹341.68 crore of the IPO proceeds go to existing shareholders — promoters and VCs — and provide no benefit to the company
- Customer concentration in unsecured credit: A large portion of lending is personal loans to underserved borrowers — any macro downturn or rise in unemployment could spike credit losses
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
