Moneyview Limited IPO
ListedMainboardE-Commerce/App based Aggregator
101.87×
Subscribed
Price band
₹32 – ₹34
Lot size
441
1 lot = ₹14,994
Issue size
₹1.09k Cr
Open – close
24 Sept 2026
to 28 Sept 2026
Listing
01 Oct 2026
Listing gain
+61.76%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed5 of 7 dimensions read
A mixed but reasonable offering — 4 positive against 2 negative signals
Strength66/100
- Priced below its peers21.7× earnings against a peer median of 33.7× — a discount to the issuer's own comparison set
- Out-earns its peersReturn on net worth of 17.9% against a peer median of 13.7%
- Strong revenue growthRevenue compounding at 72.2% across the reported years
- Low return on equityROE of 7.2% — the business earns little on the capital it already has
- Heavily indebtedDebt/equity of 2.27× — leverage this high leaves little margin if earnings dip
- Institutions bid heavilyQIB portion subscribed 230.54×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Sept 2026
- Closes28 Sept 2026
- Allotment29 Sept 2026
- Listing01 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB230.54x
Non-institutionalNII / HNI120.37x
Big NIIabove ₹10L137.19x
Small NII₹2L – ₹10L86.72x
Retail individualRII20.41x
48,55,512 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 28 Sept 2026.
Chance of allotment
Retail20.41× subscribed
~1 in 20.4
Minimum 1 lot · 441 shares · ₹14,994 blocked
Retail is 20.41× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 20.4 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII120.37× subscribed
~1 in 120.4
Minimum 14 lots · 6,174 shares · ₹2,09,916 blocked
HNI is 120.37× subscribed. This category is allotted proportionately, so a bid receives roughly 1/120.4 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹15.5+45.6%
over the upper band · last seen 19 Oct 2026 · rising since 23 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹32 – ₹34
Face value₹1
Lot size441shares
Minimum application₹14,994at cut-off
Total issue size₹1.09k Cr
Fresh issue₹750 Cr
Offer for sale₹341.68 Cr
Listing atMainboard
Anchor investorsAllotted
Company & valuation
P/E at upper band21.66×
EPS₹1.60pre-issue
EPS₹1.57post-issue
NAV per share₹14.57
Return on equity7.20%
Debt / equity2.27×
RoNW9.67%
NAV14.67
ISININE0PTN01011
RegistrarLINK
Lead managersAxis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited
31.3% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 16,05,41,218 | — |
| Anchor Investor | 9,63,24,729 | — |
| QIB (Ex. Anchor) | 6,42,16,489 | — |
| NII (HNI) | 4,81,62,365 | — |
| bNII > ₹10L | 3,21,08,244 | 5200.00% |
| sNII < ₹10L | 1,60,54,122 | 2600.00% |
| Retail | 11,23,78,852 | 254827.00% |
Total issue 32,10,82,435 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Retail (Min)₹14,9941 lot · 441 sh
Retail (Max)₹1,94,92213 lots · 5,733 sh
S-HNI (Min)₹2,09,91614 lots · 6,174 sh
S-HNI (Max)₹9,89,60466 lots · 29,106 sh
B-HNI (Min)₹10,04,59867 lots · 29,547 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted9,63,24,729
Anchor portion₹327.5 Cr
Bid date23 Sept 2026
Lock-in ends (50%)29 Oct 2026
Lock-in ends (rest)28 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements₹325 Cr
- 02Investment in WFPL, our Material Subsidiary, for the purpose of augmenting its capital base₹250 Cr
- 03General corporate purposes₹111.72 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 351.158 | — | 242.705 | 1,606.644 | — |
| 2025 | 693.046 | — | 67.152 | 1,991.007 | — |
| 2026 | 1,041.113 | — | 173.796 | 2,415.203 | — |
Revenue CAGR 72.2%PAT CAGR -15.4%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Our Companythis issue | 1.60 | — | 14.57 | 17.85% |
| OnEMI Technology Solutions Limited | 46.80 | 16.62 | 113.05 | 20.96% |
| PB Fintech Limited | 14.58 | 120.33 | 158.03 | 9.17% |
| One97 Communications Limited | 8.66 | 213.45 | 250.39 | 4.61% |
| Bajaj Finance Limited | 30.60 | 33.66 | 183.21 | 17.19% |
| SBI Cards and Payment Services Limited | 22.77 | 27.98 | 166.00 | 13.72% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur success depends on our ability to attract, engage and monetize new and existing users on our platform. If users do not find their desired products on our platform at attractive prices and terms, or find their experiences with us unsatisfactory, they may lose trust in our brand and impact our abi
mediumOur business may be negatively affected if our Financial Partners do not continue their relationship with us. Our top ten Financial Partners contributed to 37.36%, 46.82% and 56.78% of our revenue from operations in Fiscal 2026, 2025 and 2024 respectively.
mediumOur relationships with Financial Partners are crucial to our success. Our arrangements with these Financial Partners are typically not exclusive and they may have similar or more favourable arrangements with our competitors. Financial Partners may terminate their relationships with us and choose to
Positives the filing discloses (1)
Strong revenue growth
Restated revenue CAGR of 72.2%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+6.6%
Listed up
8 of 8
Best
+65.3%
BLS Polymers Limited
Worst
0.6%
EAAA India Alternatives Limited
Bombay Coated and Special Steels Limitedsame segment
60.8× sub+11.0%
M. K. Sons Fine Jewels Limitedsame segment
5.1× sub+5.6%
SFC Environmental Technologies Limitedsame segment
9.5× sub+7.6%
BLS Polymers Limitedsame segment
241.2× sub+65.3%
EAAA India Alternatives Limitedsame segment
5.3× sub+0.6%
Paras Healthcare Limitedsame segment
2.2× sub+3.9%
Jio Platforms Limitedsame segment
21.6× sub+21.4%
Zetwerk Manufacturing Businesses Limitedsame segment
3.1× sub+5.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Moneyview Limited
Moneyview is a consumer-focused, digital-only, credit-led financial services platform serving customers in India through its Moneyview mobile application. The company provides access to financial products through a network of financial partners, including banks, NBFCs, insurance providers, and its NBFC subsidiary. Its offerings include personal loans, credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI transactions, and bill payments. The company launched its personal loan product in the financial year 2017 and expanded its product offerings from August 2024. All products are accessed through a fully digital process on its mobile application. As of June 30, 2026, the company had integrations with 48 financial partners and served 99.04% of pin codes across India. It operates without physical branches and processes close to 200,000 loan applications per day. More than 50% of its employees work in technology and data roles. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements — Rs 325 crore Investment in WFPL, the company’s material subsidiary, for the purpose of augmenting its capital base — Rs 250 crore General corporate purposes
Founded 2014MD Mr Puneet AgarwalSector E-Commerce/App based Aggregator
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Moneyview Limited IPO GMP today?
The most recent grey-market premium recorded for Moneyview Limited is ₹15.5 per share — about 45.6% over the ₹34 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Moneyview Limited IPO subscribed?
Moneyview Limited is subscribed 101.87× overall (QIB 230.54×, NII 120.37×, retail 20.41×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, LINK.
What is the minimum investment in the Moneyview Limited IPO?
One lot is 441 shares, so a retail application at the ₹34 cut-off price blocks ₹14,994. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Moneyview Limited IPO?
The retail portion is subscribed 20.41×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 20. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Moneyview Limited IPO allotment date?
Allotment is scheduled for 2026-09-29, with listing on 2026-10-01. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, LINK.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.