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Moneyview sets IPO price band at Rs 32-34
The Hindu BusinessLine··4d ago
Moneyview Limited set its IPO price band at Rs 32 to Rs 34 a share, with public bidding from September 24 to September 28, 2026. The issue has a fresh component of up to Rs 750 crore and an offer for sale of up to 100,494,200 shares. Anchor bidding is on September 23. Listing is planned on BSE and NSE.
Prism
What It Means For You
- Retail bids start at a minimum lot of 441 shares.
- Rs 325 crore of fresh proceeds is earmarked for Default Loss Guarantee lending support.
- Co-founder Puneet Agarwal said Rs 750 crore was enough after an earlier Rs 1,500 crore plan.
What's Happening
- Axis Capital, BofA Securities India, IIFL Capital and Kotak Mahindra Capital are lead managers.
- The platform reports about 140 million registered users and a Rs 22,520 crore personal loan book.
- About 80 percent of customers are in Tier 2 and Tier 3 cities.
Where the Money Goes
- Roughly 75 percent of the loan book is funded by lending partners.
- Moneyview reported about Rs 400 crore profit after tax last year and Rs 174 crore in Q1 FY27.
- It processes about two lakh loan applications a day with automated underwriting.
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