Moneyview lists at 63% premium; Ribbit Capital books 11.85x on IPO
Kalpana Maurya
1 Oct 2026 · 3 min read
Bengaluru lender Moneyview listed on 1 October 2026 at ₹55.61 on BSE, 63.56% above its ₹34 issue price, after its ₹1,092 crore IPO drew bids 98.46 times the shares on offer. The offer also let early backers such as Ribbit Capital and Tiger Global sell part of their stakes at a large multiple of cost.
Moneyview shares began trading on 1 October 2026 at ₹55.61 on BSE, 63.56% above the IPO price of ₹34, and at ₹55 on NSE, a 61.76% premium, Business Today and Business Standard reported. The digital lender raised ₹1,092 crore through an IPO that was open from 24 to 28 September and was subscribed 98.46 times.
The issue combined a ₹750 crore fresh issue with an offer for sale (OFS) of about 10.05 crore shares, which Business Today valued at ₹342 crore. At ₹34 a share, the IPO valued the company at ₹5,985 crore, or about $624 million, according to Inc42.
Strong demand across categories
Investors bid for 2,289.52 crore shares against 23.25 crore on offer. BSE data cited by Business Today shows qualified institutional buyers subscribed their portion 227.45 times, non-institutional investors 115.41 times and retail investors 19.57 times, through 48.55 lakh applications. The minimum bid was one lot of 441 shares.
Ahead of listing, Moneyview's grey market premium had hovered around ₹14-14.5, pointing to a gain of roughly 41-43%. The actual debut beat that. A retail investor allotted one lot was sitting on a gain of about ₹9,530 at the opening price.
Before the issue opened, the company raised ₹327.5 crore from anchor investors, including SBI Mutual Fund and Goldman Sachs, by allotting 9.63 crore shares at ₹34.
What early investors made
Selling shareholders' disclosures, reported by Inc42, show large multiples for early backers. Ribbit Capital sold 1.14 crore shares for ₹38.61 crore, 11.85 times its acquisition cost and the highest multiple among institutional sellers. Tiger Global's Internet Fund III sold 1.54 crore shares for ₹52.21 crore, a 3.42x return.
Accel sold through two funds: Accel India IV (Mauritius) received ₹55.68 crore at 6.39x its cost and still holds 21 crore shares, while Accel Growth IV Holdings booked 4.44x. Other sellers included TI JPNIN India Holdco (5.94x), NLI Strategic Venture Investment (5.54x) and DI Investment (4.88x). Crimson Winter was the exception, selling 1 crore shares at ₹34 against an average cost of ₹37.42, a loss of about 9%.
Co-founders Puneet Agarwal and Sanjay Aggarwal each sold about 1.35 crore shares for ₹46.06 crore. After the sale Puneet holds 11.97 crore shares and Sanjay 14.55 crore shares, worth ₹407.07 crore and ₹494.55 crore respectively at the issue price.
Use of proceeds and financials
Moneyview plans to put ₹325 crore of the fresh money into default loss guarantee arrangements for loans its lending partners originate, and ₹250 crore into its NBFC subsidiary Whizdm Finance. The rest is for general corporate purposes.
In Q1 FY27 its consolidated net profit rose 2.6 times to ₹173.8 crore, while operating revenue grew 50.2% to ₹1,041.1 crore. For FY26, operating revenue was ₹3,351.2 crore and net profit ₹242.7 crore, after exceptional losses of ₹206.7 crore.
About Moneyview
Founded in 2014 and based in Bengaluru, Moneyview offers unsecured personal loans to underserved and new-to-credit borrowers. It works with banks and NBFCs to originate loans through its app and website, and also lends directly through Whizdm Finance, using its own credit scoring models and alternative data. Axis Capital, BofA Securities, IIFL Capital Services and Kotak Mahindra Capital managed the issue.
Key facts
- Company: Moneyview
- Co-founders: Puneet Agarwal, Sanjay Aggarwal
- IPO size: ₹1,092 crore (₹750 crore fresh issue + OFS of about 10.05 crore shares)
- Price band: ₹32-34; lot size 441 shares
- Subscription: 98.46x (QIB 227.45x, NII 115.41x, retail 19.57x)
- Valuation at issue price: ₹5,985 crore (about $624 million)
- Listing: 1 October 2026 at ₹55.61 on BSE (+63.56%), ₹55 on NSE (+61.76%)
- Top investor return: Ribbit Capital, 11.85x on shares sold
Frequently asked questions
At what price did Moneyview list?
It opened at ₹55.61 on BSE and ₹55 on NSE on 1 October 2026, against an issue price of ₹34.
How much did the Moneyview IPO raise?
₹1,092 crore, made up of a ₹750 crore fresh issue and an offer for sale by existing shareholders.
Which investors gained most from the OFS?
Ribbit Capital sold at 11.85 times its acquisition cost, followed by Accel India IV at 6.39x. Tiger Global realised 3.42x.
Who founded Moneyview?
Puneet Agarwal and Sanjay Aggarwal, who each sold about 1.35 crore shares in the IPO.
