Stories
Moneyview Slashes IPO Size to Rs 1,092 Crore Amid Strong Profit Growth
- •Digital lending platform Moneyview reduced its IPO size from Rs 1,500 crore to Rs 1,092 crore due to robust profit growth and adequate internal cash generation, according to MD & CEO Puneet Agrawal.
- •The IPO, with a price band of Rs 32-34 per equity share, opens on September 24 and closes on September 28, with shares listing on NSE and BSE by October 1.
- •The offering includes a fresh issue of Rs 750 crore and an Offer for Sale (OFS) of 10.05 crore equity shares worth Rs 342 crore by existing shareholders.
- •Moneyview reported a profit after tax of Rs 242 crore on revenue of Rs 3,351 crore in FY26, with Q1 FY27 profit at Rs 174 crore and revenue at Rs 1,065 crore, demonstrating strong financial performance.
- •Approximately 75% of the fresh issue proceeds will fuel the lending business, with the remainder allocated to new products, technology, AI, and IT infrastructure; the company also plans to expand into home loans, investments, and insurance.
Key Questions Answered
Robust profit growth and adequate internal cash generation prompted Moneyview to reduce its public offer size. MD and CEO Puneet Agrawal explained that the company's strong consistent profit trajectory, including about Rs 400 crore of profit after taxes before exceptional items in FY26, meant it had sufficient cash to continue its growth plans without raising the larger amount of fresh capital initially envisaged.
Moneyview fixed a price band of Rs 32 to Rs 34 per equity share for its Rs 1,092-crore Initial Public Offering. The public subscription will open on September 24 and close on September 28, with shares expected to list on the NSE and BSE on October 1.
Out of the Rs 750 crore proceeds from the fresh issue, approximately 75 per cent will be used to grow the lending business. The remaining capital will be allocated toward new products, technology, artificial intelligence, and IT infrastructure to support the company's expansion into home loans, investments, and insurance.
