Upcoming IPO: Moneyview Files DRHP with SEBI for ₹1,500 Crore Public Issue

Financial services platform Moneyview, backed by investors such as Accel, Tiger Global and Apis Partners, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 3 to raise funds through an initial public offering (IPO).

The proposed issue will include a fresh issue of equity shares worth ₹1,500 crore along with an offer for sale (OFS) of 13.6 crore shares by existing shareholders. Promoters Puneet Agarwal and Sanjay Aggarwal will partially dilute their holdings under the OFS, along with investors such as Apis Partners, Crimson Winter, Accel, Tiger Global Management, NLI Strategic Venture Investment, Ribbit Capital and TI JPNIN India.

Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company have been appointed as the merchant bankers for the public issue.

Shareholding and Pre-IPO Placement

Among the institutional investors, Accel holds the largest stake in the company at 21.31 percent, followed by Tiger Global’s Internet Fund III with 13.79 percent, Ribbit Capital with 10.2 percent, and Apis Growth holding 6.61 percent.

The company may also consider raising up to ₹300 crore through a pre-IPO placement, which will be deducted from the fresh issue component if completed.

Utilisation of Proceeds

Moneyview plans to allocate ₹650 crore from the fresh issue proceeds to scale up loan disbursements through default loss guarantee (DLG) arrangements. Another ₹450 crore will be used to strengthen the capital base of its NBFC subsidiary, Whizdm Finance, while the remaining funds will be utilised for general corporate purposes.

Also Read: Elfin Agro India IPO Opens Tomorrow on March 5, 2026

About Moneyview

Founded in 2014, Moneyview operates as a digital-only, credit-focused financial services platform targeting middle-income customers. The company partners with 22 regulated entities, including its NBFC arm Whizdm Finance, to provide products such as personal loans, credit cards, insurance, digital gold, payments and earned wage access.

For the nine months ended December 2025, the company reported a profit of ₹209.7 crore on revenue of ₹2,373.3 crore. In FY25, profit rose 40.4 percent to ₹240.3 crore, compared with ₹171.1 crore in the previous year, while revenue increased 74.3 percent to ₹2,339.1 crore from ₹1,342.4 crore.

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