Moneyview IPO
Moneyview LtdMainboard
This IPO closed on 28 Sep 2026.
- Open date
- 24 Sep 2026
- Close date
- 28 Sep 2026
- Min. Investment
- ₹14,994
- Lot Size
- -
- Fresh Issue
- ₹750.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers227.45x
- Non-Institutional Investors115.41x
- Retail-Individual Investors19.57x
- Total98.46x
Schedule
- Completed: IPO open date24 Sep 2026
- Completed: IPO close date28 Sep 2026
- Current step: Allotment date29 Sep 2026
- Upcoming: Funds unblock or debit30 Sep 2026
- Upcoming: Tentative listing date1 Oct 2026
About
Promoter shareholding in Moneyview Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Puneet Agarwal | 13,32,75,275 | 8.66% | 11,97,26,975 | 6.80% |
| Sanjay Aggarwal | 15,90,02,825 | 10.33% | 14,54,54,525 | 8.26% |
| Sushma Abburi | 86,21,676 | 0.56% | 86,21,676 | 0.49% |
| Chitra Agarwal | 1,00,00,000 | 0.65% | 1,00,00,000 | 0.57% |
| Payal Himatsingka | 20,00,000 | 0.13% | 20,00,000 | 0.11% |
| Agarwal Family Trust | 4,70,00,000 | 3.05% | 4,70,00,000 | 2.67% |
| Ravindra Abburi | 23,25,000 | 0.15% | 23,25,000 | 0.13% |
| Sandeep Agrawal | 23,25,000 | 0.15% | 23,25,000 | 0.13% |
| Sarita | 23,25,000 | 0.15% | 23,25,000 | 0.13% |
| Tvaya Trust | 1,000 | 0.00% | 1,000 | 0.00% |
| Ashwin P Gramopadhye | 20,00,000 | 0.13% | 20,00,000 | 0.11% |
Financials of Moneyview IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 1342.37 | 2339.15 | 3351.16 |
| Total Expenses | 1190.94 | 2059.32 | 3076.92 |
| Profit Before Tax | - | - | - |
| Total Profit | 171.15 | 240.28 | 242.71 |
Moneyview IPO Strengths & Risks
- Large, growing and sticky user base with a flywheel effect for growth.
- Data driven approach for user segmentation and risk assessment.
- Strong technology and AI capabilities enabling scalable and efficient growth
- Capital-light model with a diversified network of capital partners
- Experienced management team with a track record of building and managing successful businesses.
- Proven business model with sustained growth and improving profitability.
- Risks Relating to the Business: The company's success depends on its ability to attract, engages and monetize new and existing users on the company platform. Any failures to do so could have an adverse impact on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company depends on cooperation with its Financial Partners. In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company's top ten Financial Partners contributed to 39.02%, 38.69%, 37.36%, 46.82% and 56.78% of its revenue from operations, respectively. The company's business may be negatively affected if its Financial Partners does not continue their relationship with the company, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The sustained success of the Company is closely linked to the continued contributions of its Key Managerial Personnel, Senior Management Personnel and the company's employees, along with its ability to attract, retain, and motivate talented individuals. In Fiscal 2026, the company paid a one-time non-recurring performance-based incentive to its Managing Director and Chief Executive Officer, Puneet Agarwal, and any inability to effectively manage costs, retention, motivation, or preserve the company organisational culture and core values during its growth journey, may have an adverse impact on the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company has witnessed rapid growth in the past three years and may not be able to sustain its historical growth levels. Further, the company has a limited operating history across some of its products and services. The company may not be able to sustain its current growth levels in a cost-effective manner, which could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Borrower defaults on loans facilitated through the company's platform may increase its impairment expense and adversely affect the company's financial performance.
- Risks Relating to the Business: The company Gross Stage 3 Loans comprised 2.72%, 2.58%, 2.74%, 1.88% and 0.94% of its Total Gross Loans as at June 30, 2026, June 30, 2025, March 31, 2026, March 31, 2025 and March 31, 2024, respectively. If borrowers default on their repayment obligations, it may lead to increased levels of Gross Stage 3 Loans, and related provisions and write-offs, and if the company does not have sufficient provisioning coverage, the company may faces an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's brand is critical to its success. If the company is unable to maintain its brand or reputation, user and financial partner acceptance of the company's platform could decline which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's technology-driven user assessment processes may not be able to effectively identify, monitor or mitigate lending risks, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company is subject to a stringent regulatory framework that may affect the flexibility of its operations and increase compliance costs and any regulatory action against the company and its employees may result in penalties and/or sanctions that could have an adverse effect on the company's business, prospects, financial condition and results of operations.
- Risks Relating to the Business: The company incurred negative cash flows from operating activities in the three month period ended June 30, 2025, and Fiscals 2026, 2025 and 2024.
- Risks Relating to the Business: The company's Material Subsidiary, WFPL, is regulated by the RBI and is subject to the liquidity risk management framework prescribed under the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Asset, Liability Management) Directions, 2025 (the "NBFC - ALM Directions"). These directions, inter alia, prescribe a comprehensive Liquidity Risk Management ("LRM") Framework for non-banking financial companies.
- Risks Relating to the Business: One of the issuances of non-convertible debentures by WFPL, the company's Material Subsidiary has been down sold by successful applicants in the past, leading to the number of holders of such securities exceeding the prescribed limits under the applicable laws. Accordingly, its may be subject to regulatory action, including penal action, which may adversely affect the company's business and reputation.
- Risks Relating to the Business: The company's Material Subsidiary, WFPL's failures to comply with the capital adequacy ratios prescribed by the Reserve Bank of India could adversely affect its business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: Any actual or perceived cybersecurity, data or privacy breach, or regulatory, legislative and policy developments in the area of data privacy and security, could interrupt the company operations and adversely affect its reputation, brand, business, financial condition, cash flows and results of operation. Further, the company integrate its information technology systems with platforms of various third parties and if there is any unauthorised data revision or a failures to maintain data integrity on the part of third parties, or if such third parties does not perform adequately or terminate their relationships with the company, it may severely and negatively impact the company's ability to serve its users, and the company's business, financial condition, cash flows and results of operations could be adversely affected.
- Risks Relating to the Business: The company's restated profit for the Fiscal 2026 was impacted due to a one-time performance-based incentive paid to its Managing Director and Chief Executive Officer, Puneet Agarwal, which may affect the comparability of the company's financial performance and profitability trends across periods.
- Risks Relating to the Business: In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company derived 60.79%, 56.53%, 56.68%, 63.56% and 75.64%, respectively, of its total revenue from operations from fees and commission income, on the product offerings facilitated through the company's Financial Partners, and any decrease in the volume of such products or the fees and commission rates the company collect on such transactions could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Uninterrupted access to the company's technology platform is essential to its business. System failures, interruptions, or the company's inability to keep pace with technological developments could adversely affect the availability or performance of its website, mobile application or platform, and thereby adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The wide variety of payment methods that the company's partners accept subjects it to third-party payment processing-related risks. Any failures of these payment mechanisms could impact consumers ability to pay, which in turn could impact the company's business.
- Risks Relating to the Business: The company's business is subject to intense competition, and its may fails to compete successfully against existing or new competitors, which may cause the company to lose market share and reduce demand for its products and adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company relies intensively on substantial capital and any disruption in its sources of capital could adversely affect the company's liquidity and financial condition.
- Risks Relating to the Business: The company's indebtedness and the conditions and restrictions imposed by its financing arrangements may limit the company's ability to grow its business and adversely impact the company's business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: Examination report issued by the company's Statutory Auditors discloses certain modifications included in their auditor's report issued on the consolidated financial statements for the years ended March 31, 2026, 2025 and 2024.
- Risks Relating to the Business: The company has entered into certain related-party transactions in the past, and its may continue to do so in the future that may potentially involve conflicts of interest.
- Risks Relating to the Business: The company's lease the premises for its offices and the offices of the company's Material Subsidiary, or enters into service provider agreements to uses co-working spaces, and failures to renew its lease agreements and service provider agreements could adversely affect the company's business, financial condition, results of operations, cash flows and prospects. Certain lease arrangements may also not be duly registered or adequately stamped and may not be able to be enforced in the event of a dispute.
- Risks Relating to the Business: The company will not receive any proceeds from the Offer for Sale portion. Further, the objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institutions or other independent agency. There is no assurance that investments from the company's Net Proceeds will proceed as planned and nor can its guarantee the company will achieve results or outcomes as anticipated.
- Risks Relating to the Business: A downturn in general economic conditions or disruption in the financial markets in India including a credit crisis, may materially and adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company depends on the accuracy and completeness of information about users for its business. Any misrepresentation, errors in or incompleteness of such information could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's inability to uses software licensed from third parties, including open source software, could negatively affect the company's ability to sell its solutions and subject the company to possible litigation.
- Risks Relating to the Business: Any non-compliance with mandatory anti-money laundering ("AML"), combating-terrorism financing ("CFT") and KYC laws and regulations could expose it to liability and harm the company's reputation.
- Risks Relating to the Business: Post the filing of the Draft Red Herring Prospectus, certain complaints have been made against the Company by certain parties to, inter alia, SEBI, the BRLMs and the Registrar to the Offer, as applicable. Such complaints may adversely affect the company's reputation, business and would requires it to incur expenditure in defending such legal claims. There is no assurance that there will not be further complaints against the Company which may divert the time, attention and resources of its management.
- Risks Relating to the Business: There are outstanding legal proceedings involving certain of the company's Directors and its Subsidiaries. Failures to achieve favourable outcomes may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- Risks Relating to the Business: The company's inability to protect or uses its intellectual property rights or comply with intellectual property rights of others may have a material adverse effect on the company's business and reputation.
- Risks Relating to the Business: The company's financial performance is vulnerable to interest rate risk, and an inability to manage its interest rate risk may have a material adverse effect on the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: As of June 30, 2026, June 30, 2025 and March 31, 2026, 2025 and 2024, 36.87%, 35.89%, 36.64%, 35.30% and 34.43% of the company Managed AUM are concentrated in the south regions of India. Any adverse developments in these regions could have an adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may materially and adversely affect the company operations.
- Risks Relating to the Business: Data collection, data storage, and other data processing in India are subject to strict laws and regulations. Non-compliance with data protection regulations could lead to fines, license revocation, or criminal liabilities, which may adversely affect the company's business, reputation, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company may faces asset-liability mismatches, which could affect its liquidity and, consequently, may adversely affect the company operations and profitability.
- Risks Relating to the Business: The company depends on digital application stores and third-party app marketplaces for the distribution and accessibility of its mobile applications.
- Risks Relating to the Business: The company may not be able to ensure the accuracy and completeness of product information and the effectiveness of its recommendation of financial products on the company's platform.
- Risks Relating to the Business: Failures to identify, monitor and manage risks and effectively implement the company's risk management policies could expose it to legal and regulatory liability or cause the company to take inappropriate risks in its operations, thereby adversely affecting the company's business, financial condition and results of operations and cash flows.
- Risks Relating to the Business: The company's top 10 vendors accounted for 14.76%, 11.87%, 13.89%, 13.82% and 29.76% of its total expenses in the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, respectively. Any deterioration in the company's relationships with, or disruption of the services provided by, such vendors could adversely affect its business, financial condition and results of operations and cash flows.
- Risks Relating to the Business: Acquisitions, strategic alliances and investments could be difficult to integrate, disrupt the company's business and lower its results of operations and the value of your investment.
- Risks Relating to the Business: If the company is unable to establish and maintain effective internal financial and operational controls, its business and reputation could be adversely affected.
- Risks Relating to the Business: The company operations could be adversely affected by disputes with or misconduct by its employees and third party contractors, which in turn could have a material adverse impact on the company's business, financial condition and results of operations and cash flows. Further, the company failures to provide high-quality support services to its users could adversely impact the company operations.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it, and this may have an adverse effect on the company's business, reputation, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company has been delayed in paying certain statutory dues in the past. Any failures or delay in payment of statutory dues in the future may expose it to statutory and regulatory action, as well as significant penalties, and may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders approval.
- Risks Relating to the Business: The company's Promoters, Directors, Key Managerial Personnel and Senior Management Personnel have interests in the Company in addition to their remuneration and benefits and reimbursement of expenses.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus contain information from the Redseer Report which has been exclusively commissioned and paid for by the company in relation to the Offer and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
- Risks Relating to the Business: The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operates.
- Risks Relating to the Business: The company's Statutory Auditor did not audit the financial information of (i) two Subsidiaries as of and for the three-month periods ended June 30, 2026, (ii) two Subsidiaries as of and for the three-month periods ended June 30, 2025, (iii) two Subsidiaries as of and for the year ended March 31, 2026, (iv) three Subsidiaries as of and for the year ended March 31, 2025, and (v) two Subsidiaries as of and for the year ended March 31, 2024.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its earnings, financial condition, cash flows, capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Risks Relating to the Business: Any deficiencies in India's telecommunication and internet infrastructure could impair the functioning of the company's technology system and the operation of its business.
- Risks Relating to the Business: Due to the nature of the company's business, its may be classified as a passive foreign investment company ("PFIC") for U.S. federal income tax purposes. Assuming the company is so classified, U.S. investors in the Equity Shares may be subject to material adverse U.S. federal income tax consequences.
- Risks Relating to the Business: The company is, and after the Offer will remain, a "foreign owned and controlled" company in accordance with the Consolidated FDI Policy and FEMA Rules and accordingly, the company shall be subject to Indian foreign investment laws.
- Risks Relating to the Business: The grant of options in future under any employee stock option schemes by the Company will result in a charge to its profit and loss account and may adversely impact the company's results of operations.
- Risks Relating to the Business: Regulatory cautions on dealing with digital gold may affect the company's ability to distribute, market or retain its digital gold product line, and could adversely affect the company's business, financial condition, results of operations and prospects.
- Risks Relating to the Business: Stringent regulatory instructions proposed on customer protection in respect of fraudulent electronic banking transactions, may increase the company compliance burden and could adversely affect its business, financial condition, results of operations and prospects.
