Summary

Moneyview Limited filed its draft prospectus on March 3, 2026, and received SEBI clearance on June 29, 2026. The offer combines a ₹1,500 crore fresh issue with an offer for sale of up to 13.61 crore shares. Pricing, dates, and lot size remain unannounced pending the red herring prospectus.

About Moneyview IPO

Moneyview Limited operates a digital-only, credit-led financial services platform serving what the company terms Middle India, defined as households earning ₹300,000 to ₹1,100,000 annually. Puneet Agarwal and Sanjay Aggarwal founded the business in 2014, with Sushma Abburi as the third promoter.

The platform functions as a two-sided network, connecting users seeking credit with banks, NBFCs, and insurers. Personal loans, launched in Fiscal 2017, remain the flagship product and primary monetization channel. The company acts as a lending service provider, facilitating origination and servicing rather than holding every loan on its own balance sheet. Its NBFC subsidiary, Whizdm Finance Private Limited, undertakes direct lending.

Operating metrics as of December 31, 2025, establish the scale of the business:

• Registered users: 125.49 million, against 59.08 million in March 2023.
• Financial partners: 42 institutions integrated into the network.
• Coverage: 99.55% of Indian PIN codes, with no physical branches.
• Processing volume: Close to 200,000 loan applications daily.
• User profile: Average monthly income of ₹47,117.57, average age 32, and 79.48% of monetized users in Tier 2 cities and beyond.

Key Financials

Particulars (₹ million)	9M FY26	FY25	FY24	FY23
Total income	24,085.43	23,785.29	13,892.41	6,770.21
Profit for the period	2,097.39	2,402.75	1,711.47	1,625.65
Net worth	21,686.12	19,186.64	16,066.44	13,142.72
Managed AUM	198,148.20	167,151.41	128,848.26	76,440.46
Return on net worth	9.67%	12.52%	10.65%	12.37%

Source: SEBI Public Issues Filing – Moneyview Limited 

Expansion since August 2024 has added credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI, and bill payments. Underwriting runs on in-house AI and machine learning models assessing more than 100,000 variables. Among upcoming fintech IPOs in India, this positions Moneyview as a distribution-led platform rather than a conventional lender. 

Moneyview IPO Details

Particulars	Details
Issue type	100% book-built offer
Face value	₹1 per equity share
Fresh issue	Up to ₹15,000 million
Offer for sale	Up to 136,095,900 equity shares
Pre-IPO placement	Up to ₹3,000 million, at the company’s discretion
Book running lead managers	Axis Capital, BofA Securities India, IIFL Capital Services, Kotak Mahindra Capital
Registrar	MUFG Intime India Private Limited
Proposed listing	BSE and NSE

Source: SEBI Public Issues – Moneyview Limited 

The board authorized the offer on February 22, 2026, and shareholders approved the fresh issue the following day. If the pre-IPO placement proceeds, the amount raised is deducted from the fresh issue and cannot exceed 20% of it.

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 and Crimson Winter at 14,516,100. Puneet Agarwal and Sanjay Aggarwal are each offering up to 13,548,300 shares.

Moneyview IPO Date & Timeline

The Moneyview IPO date has not been announced. The sequence so far:

• March 3, 2026: The Moneyview DRHP was filed with SEBI.
• June 29, 2026: SEBI issued observations, clearing the offer to proceed.
• Pending: The red herring prospectus, which will carry the bid dates.

SEBI approval stays valid for twelve months from issuance. Companies typically approach the market within four to six months of clearance, subject to conditions. Anchor investor bidding, when scheduled, falls one working day before the offer opens.

Moneyview IPO allotment status becomes relevant only after bidding closes. Verification can then be completed through the registrar MUFG Intime, using a PAN or application number, and through the BSE website.

Moneyview IPO Price Band & Listing Details

The Moneyview IPO price band remains undetermined. Draft prospectuses carry placeholder markers rather than prices, because the band is fixed in consultation with the lead managers shortly before bidding opens.

Several parameters follow from the band once announced:

• Lot size is set so a single retail application falls between ₹14,000 and ₹15,000 at the upper band.
• Minimum investment is the lot size multiplied by the cut-off price.
• Total issue size, since only the fresh issue is fixed in rupee terms, while the offer for sale is expressed in shares.
• Valuation multiples, including price-to-earnings against restated EPS of ₹1.60 for Fiscal 2025.

Allocation follows the structure applicable to book-built offers under Regulation 6(1) of the SEBI ICDR Regulations, with allocations reserved for qualified institutional buyers, non-institutional investors, and retail individual investors. 

Moneyview IPO GMP (Grey Market Premium)

No Moneyview IPO GMP currently exists. Grey market premium expresses the unofficial price at which shares trade above the issue price before listing. Without a declared price band, there is no reference point against which a premium can be quoted.

Three qualifications apply once GMP data appears:

• Grey market activity is unofficial and falls outside SEBI regulation. No exchange records or settles these trades. 
• Volumes are thin, so quoted premiums move sharply on limited activity.
• The correlation between GMP and actual listing performance has been inconsistent.

Grey market indications serve as a sentiment signal rather than a valuation input.

Conclusion: Should You Invest in the Moneyview IPO?

An investment decision cannot be made yet because valuation is a determining factor and the price band remains unannounced. Total income grew from ₹6,770.21 million in Fiscal 2023 to ₹23,785.29 million in Fiscal 2025, with profits reported across all four periods. Operating leverage is improving, and partner concentration is falling.

Against this, credit costs are rising, borrowings have expanded more than eighteenfold in under three years, and returns on net worth have compressed. Whether these trade-offs justify the asking price depends on the multiple sought. Investors should review the red herring prospectus, compare the implied valuation with that of listed digital lending peers, and assess asset quality trends as of December 2025.

Final Highlights

• Offer structure: A fresh issue aggregating up to ₹15,000 million, alongside an offer for sale of up to 136,095,900 equity shares of ₹1 face value.
• Regulatory position: SEBI observations were issued on June 29, 2026. That approval carries a validity of twelve months.
• Scale of operations: 125.49 million registered users, 9.73 million monetized users, and Managed AUM of ₹198,148.20 million as of December 31, 2025.
• Pending disclosures: The price band, bidding dates, lot size, and listing date are yet to be determined.