Moneyview Files Draft Red Herring Prospectus for IPO
Bengaluru-based fintech lender Moneyview has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) aiming to raise Rs 1,500 crore via an initial public offering (IPO).
The IPO plan outlined in the DRHP includes a new issue of equity shares valued at Rs 1,500 crore, along with an offer for sale (OFS) of up to 13.6 crore equity shares from existing shareholders.
Puneet Agarwal, the promoter and co-founder, will take part in the OFS, joined by several early investors such as Accel, Ribbit Capital, and Apis Partners. The company is also contemplating a pre-IPO placement of Rs 300 crore.
The DRHP specifies that Axis Capital, IIFL Capital Services, BofA Securities India, and Kotak Mahindra Capital Company are acting as the merchant bankers for the issue, while MUFG Intime India will serve as the registrar.
Funds amounting to Rs 650 crore from the new issue are planned to be allocated to facilitate loan disbursals through Default Loss Guarantee (DLG) arrangements. Furthermore, Rs 450 crore is set to be invested into Whizdm Finance, the firm’s NBFC arm, to bolster its capital foundation. The remaining funds will be earmarked for general corporate uses.
Established in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform that provides personal loans, credit score monitoring, insurance distribution, and various financial products. The company primarily aims to cater to new-to-credit and underrepresented customers throughout India.
The fintech platform asserts that it has attracted a user base exceeding 125 million, particularly within Tier II and smaller cities. It collaborates with more than 40 financial institutions, encompassing banks, NBFCs, and insurance providers, to deliver credit and other financial services.
On its financial trajectory, Moneyview has reported impressive growth and profitability in recent years. The company achieved operating revenue of approximately Rs 2,379 crore in FY25, whereas the net profit reached Rs 240 crore in the same timeframe. For the nine months ending December 2025 (9MFY26), the startup has reported revenue of Rs 2,409 crore and a net profit of Rs 245 crore.
