Moneyview raises Rs 327 Cr from anchor investors ahead of IPO

Digital lending platform Moneyview has raised Rs 327.5 crore from anchor investors ahead of its Rs 1,092 crore initial public offering (IPO), which opens for public subscription today (September 24). The Bengaluru-based fintech allotted 9.63 crore shares at Rs 34 apiece, the upper end of its IPO price band, to anchor investors on September 23. The company raised the amount from 12 anchor investors, including several large mutual funds and institutional investors. Domestic mutual funds accounted for the bulk of the anchor allocation. SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Aditya Birla Sun Life Mutual Fund and Quant Mutual Fund were among the investors participating in the anchor book. Goldman Sachs, Amundi Funds, 360 ONE, HDFC Life and India Acorn Fund also invested in the IPO. Moneyview's IPO comes with a price band ofRs 32-34 pershare and will remain open until September 28. The issue comprises a fresh issue of Rs750 croreand an offer-for-sale (OFS) of around 10.04 crore shares worth Rs 341.6 crore at the upper end of the price band. The company plans to use Rs 325 crore from the fresh issue to support loan disbursals under default loss guarantee (DLG) arrangements. Another Rs 250 crore will be invested in its NBFC subsidiary Whizdm Finance to strengthen its capital base. The remaining funds will be used for general corporate purposes. At the upper end of the price band, Moneyview is looking at a post-issue valuation of around Rs 6,000 crore. This is significantly lower than the valuation of about $1.2 billion it commanded after its last equity funding round in 2024, according to Inc42. The fintech reported Rs 3,351 crore in revenue and Rs 244 crore in profit in FY26. In the June 2026 quarter, its revenue rose 50.2% year-on-year to Rs 1,041 crore, while profit jumped 158.8% to Rs 173.8 crore. Moneyview, founded by Puneet Agarwal and Sanjay Aggarwal, offers financial products such as personal loans, insurance, credit cards, and digital gold through its network of banks, NBFCs, insurers, and other financial institutions. 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