Moneyview Ltd IPO
E-Commerce/App based Aggregator
Price Band
₹32 – ₹34
Lot Size
441
Minimum Bid Quantity
441
Minimum Investment
₹14994
Issue Size
₹1091.68Cr
Opens
2026-09-24
Closes
2026-09-28
Listing
01-10-2026
Subscription Status
Qualified Institutional Buyers
0.1 x
Non-Institutional Investor
9.97 x
Retail Individual Investor
4.07 x
Total
4.23 x
IPO Details
Issue Type
EQUITY
Face Value
₹1
Tick Size
1
ISIN
INE0PTN01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Moneyview is a consumer-focused, digital-only, credit-led financial services platform serving customers in India through its Moneyview mobile application. The company provides access to financial products through a network of financial partners, including banks, NBFCs, insurance providers, and its NBFC subsidiary. Its offerings include personal loans, credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI transactions, and bill payments. The company launched its personal loan product in the financial year 2017 and expanded its product offerings from August 2024. All products are accessed through a fully digital process on its mobile application. As of June 30, 2026, the company had integrations with 48 financial partners and served 99.04% of pin codes across India. It operates without physical branches and processes close to 200,000 loan applications per day. More than 50% of its employees work in technology and data roles. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements — Rs 325 crore Investment in WFPL, the company’s material subsidiary, for the purpose of augmenting its capital base — Rs 250 crore General corporate purposes
Pros
- • Moneyview’s registered users increased from 83.27 million as of March 31, 2024, to 134.14 million as of March 31, 2026, and 140.28 million as of June 30, 2026. Monetised users also increased from 4.62 million to 10.75 million over the same period, reaching 11.90 million as of June 30, 2026.
- • The company’s repeat assets under management (AUM) increased from 42.08% in FY24 to 52.90% in FY25 and 60.86% in FY26, reaching 62.70% as of June 30, 2026. This indicates an increasing share of its managed personal loan portfolio from borrowers taking second and subsequent loans.
- • Moneyview claims to use in-house AI/ML models trained on more than 100,000 data variables for user segmentation and risk assessment. The company uses user-provided information, device data obtained with consent, transactional SMS and bank statement data, repayment history, credit bureau data, and other sources.
Cons
- • The top 10 Financial Partners contributed Rs 406.20 crore (39.02%), Rs 268.12 crore (38.69%), Rs 1,251.98 crore (37.36%), Rs 1,095.10 crore (46.82%), and Rs 762.20 crore (56.78%) to the company’s revenue from operations in the three months ended June 30, 2026 and 2025, and FY26, FY25, and FY24, respectively. Any failure to maintain relationships with these Financial Partners, replace them in a timely or cost-effective manner, or any decision by them to work with competitors or develop their own servicing capabilities could adversely affect the company’s business, financial condition, cash flows, results of operations, and prospects.
- • The company paid a one-time performance-based incentive of Rs 160.00 crore to its Managing Director and Chief Executive Officer in March 2026, which increased expenses and reduced its restated profit for FY26 by Rs 119.73 crore, representing 30.13% of restated profit before exceptional items, net of tax. As of June 30, 2026, the company had 798 full-time employees, while employee benefits expense increased to Rs 93.38 crore for the three months ended June 30, 2026, from Rs 61.19 crore in the corresponding period, and to Rs 281.94 crore in FY26 from Rs 222.46 crore in FY25. If the company is unable to attract, retain, and motivate key personnel, manage hiring and compensation costs, or integrate new hires, it could adversely affect the company’s business, financial condition, and cash flows.
- • Impairment of financial instruments increased from Rs 252.72 crore in FY24 to Rs 667.73 crore in FY25 and Rs 983.53 crore in FY26. Impairment of financial instruments as a percentage of Average Managed AUM increased from 2.46% in FY24 to 4.51% in FY25 and 5.16% in FY26, while default loss guarantee (DLG) expense increased from Rs 131.20 crore in FY24 to Rs 321.69 crore in FY25 and Rs 451.03 crore in FY26. As of June 30, 2026, DLG outstanding was Rs 1,060.78 crore, representing 43.92% of net worth. Any increase in borrower defaults under DLG arrangements or in the Portfolio Loans of its material subsidiary Whizdm Finance Pvt Ltd (WFPL) could increase impairment loss allowances, write-offs, and DLG expenses, hurting the company’s business, finances, results of operations, and cash flows.
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