Moneyview IPO is coming up with its Initial Public Offering (IPO). The company plans to use the IPO proceeds to drive growth in loan disbursals, invest in WFPL, its material subsidiary, and meet general corporate purposes.
This IPO is a book-built issue of Rs. 1,091.68 crores, comprising a fresh issue of 22.06 crore shares worth Rs. 750.00 crores and an offer for sale of 10.05 crore shares worth Rs. 341.68 crores. The IPO opens on September 24, 2026, and closes on September 28, with allotment expected on September 29 and listing on NSE and BSE on October 1, 2026.
As of September 23rd, 2026, the shares of Moneyview in the grey market were trading at a 38.24 percent premium. The shares in the Grey Market traded at Rs. 47. This gives it a premium of Rs. 13 per share over the cap price of Rs. 34.00.
About the Company
Moneyview Ltd. is an Indian fintech company that provides digital financial services through its mobile platform. The company focuses on delivering accessible, technology-driven financial solutions, including personal loans, credit tracking, and financial management services.
It operates a two-sided digital platform that connects users seeking financial products with banks, NBFCs, insurers and other financial institutions. As of June 30, 2026, the platform had 140.28 million registered users and 48 financial partners.
The company has expanded its product offerings beyond personal loans to include insurance, credit cards, digital gold, payments, and earned wage access. Its flagship personal loan offering focuses on serving the credit needs of customers across Middle India.
Moneyview uses technology, data analytics, and AI to assess creditworthiness and provide a seamless, largely unassisted user journey. More than 50% of its workforce was engaged in technology and data roles as of June 30, 2026, supporting its focus on in-house technological capabilities.
The company follows a capital-efficient operating model supported by deep technical integrations with its financial partners. As of June 30, 2026, Moneyview had a total workforce of 1,933 personnel, comprising 798 permanent employees and 1,135 contract employees.
Promoters of Moneyview Ltd
The promoters of Moneyview Ltd. are Puneet Agarwal, Sanjay Aggarwal and Sushma Abburi. They bring expertise in digital financial services, technology, product development, and financial product distribution, supporting the company’s growth in digital lending and other fintech offerings.
Offer for Sale of Moneyview Ltd
The IPO includes an Offer for Sale (OFS) by existing shareholders, including promoters and institutional investors. Puneet Agarwal and Sanjay Aggarwal, the promoter selling shareholders, are offering up to 13.55 million equity shares each, with an acquisition cost of Rs. 0.74 and Rs. 0.34 per share, respectively.
Among the institutional selling shareholders, Accel India IV (Mauritius) Limited is offering up to 16.38 million shares, followed by Internet Fund III Pte. Ltd. with 15.36 million shares and Ribbit Capital with 11.36 million shares. Other selling shareholders include Accel Growth IV Holdings, NLI Strategic Venture Investment, TI JPNIN India Holdco, DI Investment and Crimson Winter.
Crimson Winter Limited has the highest weighted average acquisition cost among the top selling shareholders at Rs. 37.42 per share, while Internet Fund III Pte. Ltd. has an acquisition cost of Rs. 9.93 per share. The OFS allows existing investors and promoters to partially monetise their holdings through the IPO.
Lead Managers of Moneyview Ltd
The Book Running Lead Managers to the issue are Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited. MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) has been appointed as the Registrar to the Issue. The Registrar will handle IPO-related activities such as application processing, allotment, and investor services.
Objectives of the IPO Offer
Moneyview plans to utilise Rs. 325 crore from the IPO proceeds to drive growth in loan disbursals under Default Loss Guarantee (DLG) arrangements. This investment is aimed at supporting the company’s lending operations and expanding its ability to facilitate credit to customers.
The company will invest another Rs. 250 crore in WFPL, its material subsidiary, to augment its capital base and support its financial requirements. The remaining proceeds will be utilised for general corporate purposes, taking the total proposed utilisation to Rs. 575 crore.
Financial Analysis of Moneyview Ltd
Coming to the financial performance, Moneyview Ltd. reported total income of Rs. 1,389.24 crore in FY24, which increased to Rs. 2,378.53 crore in FY25 and further to Rs. 3,404.27 crore in FY26, reflecting strong growth in income over the period.
The company’s profit after tax (PAT) stood at Rs. 171.15 crore in FY24, increased to Rs. 240.28 crore in FY25, and further to Rs. 242.71 crore in FY26. This represents a 43% increase in total income and a 1% rise in PAT between FY25 and FY26.
Moneyview Vs Peers
Moneyview reported a basic EPS of Rs. 1.60 and diluted EPS of Rs. 1.57 for FY26. Among its listed peers, Bajaj Finance recorded a basic EPS of Rs. 30.60, while SBI Cards and Payment Services reported Rs. 22.77, indicating significantly higher per-share earnings compared with Moneyview.
In terms of Price-to-Earnings (P/E) ratio, Moneyview’s P/E is not available in the comparison data. Among the listed peers, Bajaj Finance had a P/E of 33.66, followed by SBI Cards at 27.98, while PB Fintech and One97 Communications reported higher P/E ratios of 120.33 and 213.45, respectively.
Moneyview’s Return on Net Worth (RoNW) stood at 17.85% in FY26. This compares with 17.19% for Bajaj Finance, 13.72% for SBI Cards, and 20.96% for One97 Communications, placing Moneyview’s RoNW within the range reported by these selected listed peers.
Strengths of Moneyview
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Large, growing, and sticky user base with a flywheel effect for growth
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Self-reinforcing growth engine
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Data-driven approach for user segmentation and risk assessment
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Technological and AI capabilities enabling scalable and efficient growth
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Capital-light model with a diversified network of capital partners
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Experienced management team with a track record of building and managing successful businesses
Weakness of Moneyview
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User Acquisition and Monetisation: The company’s success depends on its ability to attract, engage and monetise new and existing users on its platform. Any failure to maintain user growth or effectively monetise its user base could adversely affect its business, financial condition and results of operations.
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Dependence on Financial Partners: Moneyview relies significantly on its Financial Partners, with its top 10 partners contributing 39.02% of revenue from operations in Q1 FY27 and 37.36% in FY26. Any disruption or termination of these relationships could negatively impact its financial performance.
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Dependence on Key Personnel: The company’s continued growth depends on the contributions of its key managerial personnel, senior management and employees. Its ability to attract, retain and motivate talent while managing costs and maintaining its organisational culture remains important to its business operations.
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Growth Sustainability Risk: Moneyview has experienced rapid growth over the past three years but may not be able to sustain its historical growth rates. The company also has a limited operating history across certain products and services, which could make maintaining growth in a cost-effective manner challenging.
Conclusion
Moneyview’s IPO offers investors exposure to a technology-driven fintech platform focused on digital lending and a broader range of financial products. The company has built a large user base and financial partner network, while total income increased strongly from FY24 to FY26, although PAT growth remained relatively modest in FY26.
However, investors should consider key risks, including dependence on user acquisition and monetisation, reliance on financial partners, dependence on key management and employees, and the ability to sustain historical growth rates. Investors should carefully assess the IPO valuation, financial performance, growth strategy, competitive landscape and associated risks before making an investment decision.