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Moneyview’s initial public offering (IPO) drew bids for 37% of the shares on offer by 11:25 a.m. on September 24, according to NSE data. The Bengaluru-based fintech company has set a price band of Rs. 32–34 per share. Bidding closes on September 28.
Investors bid for 8,62,08,003 shares against 23,25,24,175 shares available at the time of the NSE snapshot. Retail investors subscribed to 55% of their allotted shares, while non-institutional investors subscribed to 43%. These figures cover only the opening hours of the three-day offer.
Moneyview shares carried a grey market premium (GMP) of about Rs. 14 on the morning of September 24, according to InvestorGain. That was roughly 42% above the top of the Rs. 34 price band and pointed to an estimated price of Rs. 48 per share.
An earlier report put the premium near 32%, showing that quoted GMP figures can change. Grey market trades are unofficial, and their prices do not determine where a stock will list.
Moneyview IPO totals about Rs. 1,092 crore. It includes a fresh issue worth Rs. 750 crore and an offer for sale worth about Rs. 341.68 crore. Under the offer for sale, existing shareholders will sell shares; Moneyview will receive the proceeds from the fresh issue.
Investors can bid in lots of 441 shares. At the upper price of Rs. 34, one lot costs Rs. 14,994. The company expects to finalise the allotment on September 29 and list its shares on the BSE and NSE on October 1, under the tentative timetable.
Before public bidding began, Moneyview raised Rs. 327.5 crore from anchor investors by allotting 9.63 crore shares at Rs. 34 each. Participants included SBI Mutual Fund, ICICI Prudential AMC, HDFC AMC, Goldman Sachs and Amundi Funds. Anchor allotments took place ahead of the public subscription period.
Moneyview plans to put Rs. 325 crore from the fresh issue toward loan disbursals under default loss guarantee arrangements. It also plans to invest Rs. 250 crore in its subsidiary, Whizdm Finance, to strengthen the lender’s capital base. The company has earmarked the remaining net proceeds for general corporate purposes.
The company connects customers with banks, non-banking lenders, insurers and other financial firms through its digital platform. Its products include personal loans, insurance, credit cards and digital gold. Moneyview reported 14.03 crore registered users and 48 financial partners as of June 2026.
For the June 2026 quarter, consolidated net profit rose to Rs. 173.8 crore from Rs. 67.2 crore a year earlier. Revenue from operations increased 50.2% to Rs. 1,041.1 crore. For the year ended March 2026, profit rose 1.2% to Rs. 244.1 crore, while revenue grew 43.3% to Rs. 3,351.2 crore.
Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company are managing the IPO. Public bidding remains open through September 28, with the final subscription figures due after the offer closes.
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