Moneyview has set a price band of ₹32-₹34 per share for its IPO, which will open on September 24 and close on September 28.
At the upper end of the price band, Moneyview is eyeing a valuation of around ₹5,985 Cr, significantly below its $1 Bn+ valuation when it became a unicorn in 2024.
The IPO comprises a ₹750 Cr fresh issue and an OFS of 10.05 Cr shares worth about ₹342 Cr at the upper price band, taking the total issue size to around ₹1,092 Cr.
Accel-backed fintech company Moneyview has fixed the price band for its IPO at ₹32-₹34 per equity share, with the issue set to open for public subscription on September 24 (Thursday).
At the upper end of the price band, the company is seeking a valuation of around ₹5,985 Cr ($624 Mn).
The IPO will comprise a fresh issue of shares worth up to ₹750 Cr and an OFS of up to 10.05 Cr equity shares. At the upper end of the price band, the total issue size works out to around ₹1,092 Cr. The fresh issue has been cut by half from the ₹1,500 Cr proposed in Moneyview’s draft IPO papers, while the OFS has been reduced from 13.6 Cr shares.
The company filed its DRHP in March this year and received SEBI’s nod for the public issue in July.
Cofounders Puneet Agarwal and Sanjay Aggarwal plan to offload up to 1.35 Cr shares worth ₹46.06 Cr each. 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 will be able to place bids on September 23, while the public issue will remain open until September 28. Moneyview is targeting a listing on October 1. The company’s shares are expected to begin trading on the BSE and the NSE on October 1.
Moneyview’s IPO valuation marks a steep markdown from its last private valuation. It entered the unicorn club in 2024 after raising $4.6 Mn at a valuation of more than $1 Bn.
The company plans to use ₹325 Cr of the fresh issue proceeds to support loan disbursals under default loss guarantee arrangements. Another ₹250 Cr will be infused into its NBFC subsidiary Whizdm Finance to augment its capital base, while the remainder will be used for general corporate purposes.
Founded in 2014 by IIT Delhi graduates Puneet and Sanjay, Moneyview operates a digital-only financial services platform focused on what it calls “Middle India”. Its offerings span personal loans, payments, investments and insurance, with personal loans remaining its flagship product. The platform had 140.28 Mn registered users and 48 financial partners as of June 30, 2026. Its managed AUM stood at ₹22,520 Cr.
Moneyview has raised more than $250 Mn from investors including Accel, Tiger Global and Ribbit Capital to date. Accel was its largest shareholder, with a 21.9% stake before the IPO.
Moneyview’s operating revenue grew 50.2% to ₹1,041.1 Cr in Q1 FY27 from ₹693 Cr in Q1 FY26, while total expenses rose 35.7% to ₹832.3 Cr from ₹613.2 Cr. Its net profit jumped 158.8% to ₹173.8 Cr in Q1 FY27, compared with ₹67.2 Cr in Q1 FY26.
Fees and commission remained Moneyview’s largest revenue stream in Q1 FY27, followed by interest income.
For the full FY26, its operating revenue grew 43.3% to ₹3,351.2 Cr from ₹2,339.1 Cr in FY25, while total expenses rose 39.4% to ₹2,870.3 Cr from ₹2,059.3 Cr.
Its net profit increased 1% to ₹242.7 Cr in FY26, compared with ₹240.3 Cr in FY25, as a ₹207 Cr exceptional hit weighed on the bottom line. Profit before exceptional items rose 65.4% to ₹397.3 Cr in FY26 from ₹240.3 Cr in the previous year.
Moneyview’s IPO comes amid a busy year for Indian fintech listings. Fibe has received SEBI’s approval for an IPO comprising a ₹750 Cr fresh issue and an OFS of about 4 Cr shares, while Kissht and Aye Finance made their stock market debuts earlier this year.
Source: Inc42
