Digital lending platform Moneyview has successfully reduced its public issue size following approval from capital markets regulator SEBI. According to a notice to investors dated September 14, the fresh issue size has been halved to ₹750 crore from ₹1,500 crore, while the offer-for-sale (OFS) portion has been reduced to 10.04 crore equity shares from the 13.6 crore shares proposed in the draft red herring prospectus (DRHP). The company filed its draft IPO documents with SEBI in March 2026, and the regulator approved the draft papers in July 2026.
In April 2026, SEBI introduced a rule allowing companies to reduce their fresh issue size by up to 50% without refiling their DRHP. Following the rule change, Moneyview filed an application with SEBI on September 3 seeking approval to reduce the size of its fresh issue. SEBI approved the application on September 10, following which the company reduced its fresh issue size. The OFS portion was also reduced due to changes in the number of equity shares offered by certain selling shareholders, as reported by the company in its notice.
Under the revised OFS plan, promoters Puneet Agarwal and Sanjay Aggarwal have not changed the number of shares they are offering. However, investors Crimson Winter, Internet Fund III, Accel, NLI Strategic Venture Investment, TI JPNIN India Holdco, and Ribbit Capital have reduced the number of shares offered in the OFS. Puneet Agarwal's wife, Chitra Agarwal, has also decided to sell 19.35 lakh shares through the OFS, while Apis Partners has withdrawn from the list of selling shareholders. Accel remains the largest shareholder with a 21.89 percent stake, followed by Tiger Global Group with 13.79 percent stake.
The objectives of the fresh issue have been revised with specific allocation plans for the proceeds. The company plans to utilise ₹325 crore of the net fresh-issue proceeds to drive growth in loan disbursals under default loss guarantee (DLG) arrangements, while ₹250 crore will be invested in subsidiary Whizdm Finance to augment its capital base. The remaining proceeds will be used for general corporate purposes, as reported in the company's notice.
Moneyview operates as a digital financial services platform that provides financial products through a network of financial partners. Its platform connects users seeking financial products with banks, NBFCs, insurers, and other financial institutions that offer such products. Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Company have been appointed as merchant bankers to manage the Moneyview IPO. In recent months, Hero Motors, Juniper Green Energy, Indo-MIM, Runwal Enterprises, and Rayzon Solar have also reduced their public issue sizes following SEBI's new rule.
