Moneyview fixes IPO price band at Rs 32-34; eyes Rs 1,092 Cr

Accel and Tiger Global-backed digital lending platform Moneyview has fixed the price band for its IPO at Rs 32-34 per share, putting the company’s valuation at nearly Rs 6,000 crore at the upper end of the band. The IPO will open for subscription on September 24 and close on September 28. The anchor book will open a day earlier on September 23. Moneyview is looking to raise Rs 1,091.6 crore through the public issue. The IPO comprises a fresh issue ofRs 750 croreand an offer-for-sale (OFS) of up to 10.04 crore shares. At the upper price band, the company will have an implied market capitalisation of around Rs 5,985 crore. The price band comes shortly after Moneyview halved the size of its fresh issue from the Rs 1,500 crore proposed in its draft papers. The company and its existing investors also reduced the OFS from around 13.6 crore shares to 10.04 crore shares. Founders Puneet Agarwal and Sanjay Aggarwal will participate in the OFS along with investors including Accel, Tiger Global Management, Ribbit Capital, DI Investment and Crimson Winter. Accel is currently Moneyview’s largest shareholder with a 21.89% stake, followed by Tiger Global at 13.79%. Moneyview plans to use Rs 325 crore from the fresh issue to support loan disbursals under default loss guarantee arrangements, while another Rs 250 crore will be invested in its lending subsidiary Whizdm Finance to strengthen its capital base. The remaining proceeds will be used for general corporate purposes. Financially, Moneyview reported Rs 3,351.2 crore revenue in FY26, up 43.3% year-on-year, while profit rose marginally to Rs 242.7 crore. In Q1 FY27, revenue grew 50.2% to Rs 1,041.1 crore, while profit jumped 158.8% to Rs 173.8 crore. Investors can bid for a minimum of 441 shares, requiring Rs 14,994 at the upper price band. Moneyview is expected to list on the stock exchanges on October 1. 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