Moneyview is a fintech company based in Bengaluru. Moneyview has raised ₹327.5 crore from anchor investors prior to the opening of its initial public offering (IPO) on September 24. The company is issuing 9.63 crore shares at ₹34 per share, which is the upper end of the initial public offering price band, and was the pick of the week. There were 12 anchor investors, including large domestic mutual funds and renowned foreign institutional investors.
Investor participation and IPO structure details
The highest share of the anchor allocation in this round came from domestic mutual funds. Moneyview initial public offering price band is fixed at ₹32 to ₹34 a share. The term to submit bids for the issue will continue to run from 28 September until it is closed to the general public.
The total issue size of ₹1,092 crore includes a fresh issue of shares worth ₹750 crore and an offer-for-sale (OFS) component. Existing shareholders are selling approximately 10.04 crore shares under the offer-for-sale segment, worth ₹341.6 crore at the upper end of the prescribed price range.
Moneyview is asking for about a post-issue valuation of ₹6,000 crore at the top end of the price band of ₹34 per share. According to Inc42 reports, the fintech company last raised $1.2 billion in equity through its latest funding round, yet this valuation is much lower than that target.
Fund utilization and financial performance
The company has unveiled its strategic views regarding funds that have been raised through the sale of fresh issue and has been clear in explaining its plan in this area. Moneyview expects to use the initial proceeds of ₹325 crore for direct loan disbursal through a default loss guarantee.
This allocation is intended to support its credit issuance framework and reduce potential risk exposures toward its lending channel solution partnerships. Out of the capital raised, an amount of ₹250 crore will be infused into its non-banking financial company, Whizdm Finance.
The investment is allocated to enhance the capital structure of the non-banking financial company for a future stream of lending and balance sheet expansion. The balance amount raised through the fresh share issue will be used for general corporate purposes.
Moneyview, an objective financial services digital platform, was founded by Puneet Agarwal and Sanjay Aggarwal. The company provides a wide range of financial products, such as personal loans, credit cards, insurance, and digital gold.
The company is able to make these services available to customers through strategic partnerships within the broad network of reputable banks, non-banking finance companies, insurance firms, and other institutional financial organizations.
Financially, the business has done well in recent fiscal periods. In FY26, Moneyview has generated revenues worth ₹3,351 crore, accompanied by profits of ₹244 crore. This trend has been continuing even in FY27, with the business recording a 50.2% year-on-year increase in revenues to reach ₹1,041 crore in the June 2026 quarter. The same quarter saw the business posting a 158.8% year-on-year increase in net profits to reach ₹173.8 crore.
Conclusion
Strong demand by domestic mutual funds and foreign institutional investors before Moneyview is making IPO support the successful anchor day of ₹327.5 crore. The company raised ₹1,092 crore through its initial public offering, which will continue to run till September 28, providing the company with new funds to strengthen its default loss guarantee systems and the existing capital base of its non-banking financial company subsidiary. Moneyview has entered the public capital markets with robust profitability growth, strong balance sheets, and accelerated financial growth in the wake of a recent reduced valuation during its 2024 private funding round.
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