Moneyview cuts IPO fresh issue to Rs 750 Cr, investors trim OFS

Digital lending platform Moneyview has cut the size of its proposed initial public offering (IPO), reducing the fresh issue by half to Rs 750 crore from theRs 1,500 croreproposed in its draft papers. The company has also reduced the offer-for-sale (OFS) component to around 10.04 crore shares from up to 13.61 crore shares proposed earlier. The revised IPO structure comes ahead of Moneyview’s public listing and follows the fintech company receiving approval from the Securities and Exchange Board of India (SEBI). The reduction in the fresh issue means Moneyview now plans to raise Rs 750 crore through the issue of new shares. The company had initially planned to use the Rs 1,500 crore proceeds towards growing its lending business, strengthening its technology infrastructure and meeting general corporate purposes. With the OFS reduction, some existing investors have scaled back their planned stake sale. Investors including Accel, Tiger Global, Crimson Winter and Ribbit Capital have reduced their proposed stake sales, while the founders’ planned OFS remains unchanged, according to the revised IPO structure. Moneyview had filed its draft IPO papers with SEBI in March 2026. The proposed issue at the time included a fresh issue of Rs 1,500 crore and an OFS of up to 13.61 crore shares. The company had also kept the option of a pre-IPO placement of up to Rs 300 crore. Founded by Puneet Agarwal and Sanjeev Bikhchandani, Moneyview operates a digital lending and personal finance platform. The company offers personal loans and other financial products through its platform and works with lending partners. The IPO size cut comes as a number of Indian fintech companies prepare to tap the public markets, with investors paying closer attention to profitability, growth and valuations. During the first nine months of FY26, the company reported2,773 croreof revenue with profits of Rs 210 crore. Moneyview’s revised issue size will now give investors a smaller fresh-equity offering, while the lower OFS will also reduce the number of shares being sold by existing shareholders. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.

Original source: Entrackr