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Fri, 25 Sept 2026
11:38:39 pm
Fri, 25 Sept 2026
11:38:39 pm
Welomoney News Editor
Published at: September 25, 2026, 5:36 AM
Synopsis
Moneyview IPO opens on September 24, 2026, with a ₹1,091.68 crore issue. Check the price band, lot size, financials, business model, valuation and key risks.
The Moneyview IPO will open for subscription on September 24, 2026, and close on September 28, 2026.
The mainboard IPO includes a ₹750 crore fresh issue and an offer for sale (OFS) of approximately ₹341.68 crore. The company plans to list its shares on the BSE and NSE.
The IPO price band is fixed at ₹32 to ₹34 per share. The minimum lot size is 441 shares, requiring a retail investment of ₹14,994 at the upper price band.
Moneyview operates in the fintech sector. Its platform connects customers with banks, NBFCs, insurers and other financial institutions.
| IPO Detail | Information |
|---|---|
| Company | Moneyview Limited |
| Issue Type | Mainboard, Bookbuilding |
| IPO Opening Date | September 24, 2026 |
| IPO Closing Date | September 28, 2026 |
| Price Band | ₹32 to ₹34 |
| Total Issue Size | Approximately ₹1,091.68 crore |
| Fresh Issue | ₹750 crore |
| Offer for Sale | Approximately ₹341.68 crore |
| Lot Size | 441 shares |
| Minimum Investment | ₹14,994 |
| Face Value | ₹1 per share |
| Listing | BSE and NSE |
| Allotment Date | September 29, 2026 |
| Refund Date | September 30, 2026 |
| Share Credit Date | September 30, 2026 |
| Tentative Listing Date | October 1, 2026 |
| Registrar | MUFG Intime India |
| Lead Managers | Axis Capital, BOFA Securities, IIFL Capital and Kotak Mahindra Capital |
The IPO advertisement states that the diluted FY26 P/E ratio is 21.66 times at the upper price band and 20.38 times at the lower price band.
The stated average P/E ratio of the industry peer group is 82.41 times.
| Event | Date |
|---|---|
| IPO Opens | September 24, 2026 |
| IPO Closes | September 28, 2026 |
| Allotment | September 29, 2026 |
| Refund | September 30, 2026 |
| Credit of Shares | September 30, 2026 |
| Listing | October 1, 2026 |
The above dates are tentative and may change based on the IPO process and exchange announcements.
The minimum application size is 441 shares. Investors can apply in multiples of 441 shares.
| Investor Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 441 | ₹14,994 |
| Retail Maximum | 13 | 5,733 | ₹1,94,922 |
| S-HNI Minimum | 14 | 6,174 | ₹2,09,916 |
| S-HNI Maximum | 66 | 29,106 | ₹9,89,604 |
| B-HNI Minimum | 67 | 29,547 | ₹10,04,598 |
Amounts are calculated using the upper price band of ₹34 per share.
The IPO includes a fresh issue of shares and an offer for sale by existing shareholders.
| Issue Component | Details |
|---|---|
| Total Issue Size | 32,10,82,435 shares |
| Fresh Issue | 22,05,88,235 shares |
| Offer for Sale | 10,04,94,200 shares |
| Fresh Issue Amount | ₹750 crore |
| OFS Amount | ₹341.68 crore |
| Pre-Issue Shares | 1,53,96,43,033 |
| Post-Issue Shares | 1,76,02,31,268 |
The company will receive the proceeds from the fresh issue. The OFS proceeds will go to the selling shareholders.
Moneyview has identified the following uses for part of its fresh issue proceeds:
| Purpose | Amount |
|---|---|
| Support for loan disbursals under DLG arrangements | ₹325 crore |
| Investment in WFPL to strengthen its capital base | ₹250 crore |
| General Corporate Purposes | Remaining amount |
| Total Identified Uses | ₹575 crore |
DLG stands for Default Loss Guarantee. It is used in certain lending partnerships.
The identified uses total ₹575 crore, while the fresh issue size is ₹750 crore. Investors should refer to the final offer documents for the complete allocation of the issue proceeds.
Moneyview Limited was incorporated in 2014. It operates as a technology-driven financial services platform in India.
The company connects customers with financial institutions and provides access to several financial products.
Its offerings include:
Personal loans
Credit tracking
Financial management
Insurance
Credit cards
Digital gold
Payments
Earned wage access
As of June 30, 2026, the company reported the following figures:
| Business Metric | Details |
|---|---|
| Registered Users | 140.28 million |
| Monetized Users | 11.90 million |
| Financial Partners | 48 |
| Total Personnel | 1,933 |
| Permanent Employees | 798 |
| Contract Employees | 1,135 |
Moneyview's registered user base increased from 83.27 million in March 2024 to 134.14 million in March 2026.
By June 30, 2026, the user base had increased further to 140.28 million.
Moneyview operates a digital platform for distributing financial products.
It uses technology, data analytics and credit assessment systems to connect customers with financial institutions.
Its business activities include:
Digital financial product distribution
Personal loan distribution
Credit assessment
Data analytics
Artificial intelligence-based solutions
Partnerships with banks and NBFCs
Insurance and credit-related products
The company also operates through WFPL, its material subsidiary.
Its performance depends on user growth, customer engagement, loan disbursals, financial partnerships and the broader digital lending environment.
Moneyview uses data models and artificial intelligence for user assessment and segmentation. These systems also create risks related to data quality, technology failures and model accuracy.
Moneyview reported growth in loan disbursals and revenue from operations.
| Operating Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Loan Disbursals | ₹14,527.56 Cr | ₹17,621.12 Cr | ₹23,098.52 Cr |
| Revenue from Operations | ₹1,342.37 Cr | ₹2,339.15 Cr | ₹3,361.16 Cr |
Loan disbursals increased between FY25 and FY26.
However, higher loan disbursals do not always result in higher profitability. Credit losses, operating costs, funding expenses and partner arrangements can also affect financial performance.
Moneyview's total income increased from ₹2,378.53 crore in FY25 to ₹3,404.27 crore in FY26.
EBITDA also increased during the same period. However, profit after tax remained broadly stable.
| Financial Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | ₹1,389.24 Cr | ₹2,378.53 Cr | ₹3,404.27 Cr |
| Profit After Tax | ₹171.15 Cr | ₹240.28 Cr | ₹242.71 Cr |
| EBITDA | ₹328.70 Cr | ₹697.98 Cr | ₹968.92 Cr |
| Net Worth | ₹1,606.64 Cr | ₹1,918.66 Cr | ₹2,225.42 Cr |
| Total Borrowings | ₹1,708.92 Cr | ₹3,413.37 Cr | ₹5,157.04 Cr |
| Assets | ₹3,519.50 Cr | ₹5,632.42 Cr | ₹8,104.85 Cr |
For the three months ended June 30, 2026, Moneyview reported:
Total income of ₹1,065.09 crore
Profit after tax of ₹173.80 crore
Loan disbursals of approximately ₹7,151.96 crore
Revenue from operations of approximately ₹1,041.11 crore
Total income increased significantly between FY25 and FY26.
EBITDA rose from ₹697.98 crore to ₹968.92 crore.
Profit after tax remained broadly stable.
Net worth increased to ₹2,225.42 crore in FY26.
Borrowings increased to ₹5,157.04 crore in FY26.
Assets increased to ₹8,104.85 crore in FY26.
The increase in borrowings and the difference between EBITDA growth and profit growth require careful consideration.
At the upper price band of ₹34, the estimated post-issue market capitalisation is approximately ₹5,984.79 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹1.58 | ₹3.95 |
| P/E | 21.52x | 8.61x |
| Market Capitalisation | ₹5,234.79 Cr | ₹5,984.79 Cr |
The IPO advertisement provides a different diluted FY26 P/E calculation of 21.66 times at the upper price band.
Investors should verify the calculation basis in the final offer documents.
Valuation should be considered alongside profitability, borrowings, lending exposure, cash flows and future capital requirements.
| KPI | December 31, 2025 | March 31, 2025 |
|---|---|---|
| ROE | 15.98% | 13.63% |
| RoNW | 9.67% | 12.52% |
| NAV | ₹14.67 | ₹12.98 |
| Price to Book Value | - | 2.62x |
The reported ROE improved compared with March 2025.
However, return on net worth declined during the reported period.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers | Not more than 50% |
| Non-Institutional Investors | Not less than 15% |
| Retail Investors | Not less than 35% |
The final allocation will depend on subscription demand and applicable IPO allocation rules.
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter and Promoter Group | 23.96% | 20.33% |
| Public | 76.04% | 79.67% |
| Total | 100% | 100% |
The company promoters are Puneet Agarwal, Sanjay Aggarwal and Sushma Abburi.
The promoter and promoter group holding is expected to decline after the IPO, while public shareholding is expected to increase.
Moneyview reported 140.28 million registered users as of June 30, 2026.
This user base provides a platform for distributing financial products and developing customer relationships.
The company offers more than personal loans.
Its services include insurance, credit cards, digital gold, payments and other financial products.
Moneyview uses data analytics, technology and artificial intelligence for user assessment and segmentation.
More than 50% of its workforce was engaged in technology and data-related roles as of June 30, 2026.
The company works with banks, NBFCs, insurers and other financial institutions.
These partnerships support the distribution of financial products through its platform.
Moneyview reported growth in total income, revenue from operations and loan disbursals between FY25 and FY26.
The continuation of this growth will depend on customer demand, credit performance, partner relationships and operating expenses.
The business depends on attracting and retaining customers.
Changes in customer preferences, competition or user engagement could affect growth.
Moneyview relies on financial institutions to distribute and service financial products.
The loss of key partners or changes in partner policies could affect business operations.
The company's lending-related activities expose it to credit and borrower performance risks.
Higher defaults or weaker credit quality could affect financial results and cash flows.
Moneyview operates in areas affected by financial sector regulations.
Changes in digital lending, payments, insurance distribution and data privacy rules could impact its business.
Total borrowings increased from ₹3,413.37 crore in FY25 to ₹5,157.04 crore in FY26.
Higher borrowings may affect financial costs, liquidity and the company's overall risk profile.
Moneyview handles customer and financial information through its digital platform.
Cybersecurity incidents, data breaches or technology failures could affect operations and customer trust.
The company uses technology and data models for customer assessment.
Incorrect data, system failures or weaknesses in model performance could affect business decisions.
The IPO materials disclose negative operating cash flows for certain reported periods.
Investors should examine the reasons behind these cash flows and the company's ability to generate sustainable operating cash.
Moneyview operates in the fintech and digital financial services sector.
The company has a large user base, a broad financial partner network and a technology-focused business model.
Its total income, EBITDA, loan disbursals and revenue from operations increased during the reported periods.
However, profit after tax remained broadly stable between FY25 and FY26. Borrowings also increased considerably.
Investors should focus on the following factors:
Revenue and loan disbursal growth
Profitability and cash flow generation
Borrowing levels
Credit and borrower exposure
Dependence on financial partners
Regulatory and cybersecurity risks
IPO valuation
Use of fresh issue proceeds
The Moneyview IPO should be evaluated using its business model, financial performance, risk factors and official offer documents. Unofficial market indicators should not be the only basis for an investment decision.
The total issue size is approximately ₹1,091.68 crore. It includes a ₹750 crore fresh issue and an OFS of approximately ₹341.68 crore.
The price band is fixed at ₹32 to ₹34 per equity share.
The minimum lot size is 441 shares.
The minimum retail investment is ₹14,994 for one lot at the upper price band.
The IPO is scheduled to open on September 24, 2026.
The IPO is scheduled to close on September 28, 2026.
The tentative allotment date is September 29, 2026.
The tentative listing date is October 1, 2026, on the BSE and NSE.
The lead managers are Axis Capital, BOFA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company.
MUFG Intime India is the registrar for the Moneyview IPO.
The key risks include credit exposure, dependence on financial partners, regulatory changes, cybersecurity threats, higher borrowings, cash flow challenges and competition in the fintech sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO details, financial figures, dates and market conditions may change. Investors should read the final offer documents and conduct independent research before making investment decisions.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
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Moneyview IPO 2026 opens on September 24 with a ₹750 crore fresh issue and ₹341.68 crore OFS. Check price band, lot size, financials and key details.
Moneyview IPO 2026 opens on September 24 with a ₹750 crore fresh issue and ₹341.68 crore OFS. Check price band, lot size, financials and key details.
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