Digital lending platform Moneyview, formerly known as Whizdm Innovations, has fixed its price band at ₹32-34 per equity share for its maiden public issue opening on September 24. According to the latest reports, the company is raising ₹1,092 crore through the public issue, with investors able to bid for a minimum of 441 shares and multiples thereof. At the upper end of the price band, Moneyview will have an implied market capitalisation of ₹6,000 crore. The price band details were announced separately by the company on September 21, following the RHP filing on September 20. The IPO comprises a fresh issue of ₹750 crore and an offer-for-sale of up to 10.05 crore equity shares by promoters and existing investors, including founders and promoters Puneet Agarwal and Sanjay Aggarwal, along with investors Accel, Tiger Global Management, Ribbit Capital, DI Investment, and Crimson Winter.
According to The Economic Times, Moneyview paid a one-time performance-based incentive of ₹160 crore to Managing Director and CEO Puneet Agarwal in FY26, which decreased the company's reported net profit by approximately ₹120 crore after tax. The company disclosed this payment as an exceptional item in its financial statements, representing more than 30% of the firm's profit for the year before exceptional items. As reported in the RHP filed with SEBI, the incentive was paid for Agarwal's continued leadership, performance and contributions to the overall growth of the company. The company clarified that this one-time incentive has been factored into the pre-offer net worth and does not impact the objects of the offer. Despite this impact, Moneyview reported a net profit of ₹242.7 crore for FY26, compared to ₹240 crore in FY25 and ₹171 crore in FY24. The company's profit before tax stood at ₹397 crore in FY26, sharply higher than ₹240 crore reported in the previous year.
The one-day anchor book will be opened for institutional investors on September 23, while the issue will remain open for the public till September 28. As reported by the company, the IPO share allotment will be finalised by September 29, and participants can start trading in Moneyview shares on October 1. The company has reserved 50 percent of its IPO size for qualified institutional buyers, 15 percent for non-institutional investors, and the remainder 35 percent shares for retail investors. The minimum investment for retail investors is ₹14,994 (441 shares), while the maximum investment is ₹1,94,922. Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Company are serving as the merchant bankers managing the IPO. The shares will be listed on both BSE and NSE.
According to MD and CEO Puneet Agarwal, robust profit growth and adequate internal cash generation prompted Moneyview to reduce its public offer size to ₹1,092 crore from ₹1,500 crore proposed earlier. As reported by The Economic Times, the company reported a profit after tax of ₹400 crore before exceptional items in FY26, with ₹174 crore posted in the first quarter of FY27 alone. Agarwal stated that the company's strong profit trajectory meant it could continue its growth plans without raising the larger amount of fresh capital initially envisaged. "We are a profit-making company. We have shown a very strong consistent trajectory of profit growth with about ₹400 crore of profit after taxes before exceptional items in FY26," Agarwal told PTI. The company's lending business has continued to grow, with loan disbursals rising 31 percent to ₹23,099 crore in FY26, and ₹7,152 crore in Q1 FY27, up 40 percent year-on-year.
Moneyview, formerly known as Whizdm Innovations, operates as a digital financial services platform providing financial products by connecting users with banks, NBFCs, insurers, and other financial institutions. As of June 2026, it had 140 million registered users on its platform, roughly 10 percent of India's working-age population. The company manages a personal loan portfolio of approximately ₹22,520 crore across six million borrowers. About 80 percent of its customers are from Tier 2 and Tier 3 cities, with an average monthly income of ₹45,000. The company processes approximately two lakh loan applications daily, using over one lakh data variables per borrower for credit underwriting, with minimal human intervention in the process. Moneyview operates a capital-light model, with approximately 75 percent of its loan book funded through lending partners under a Loan Service Provider arrangement, keeping its own balance sheet exposure at around 25 percent.
According to the RHP filing, Accel is the largest shareholder in Moneyview as of September 2020, with a 21.89 percent stake, followed by Tiger Global Group through Internet Fund III with a 13.79 percent stake, promoter Sanjay Aggarwal with a 10.33 percent stake, Ribbit Capital with a 10.2 percent stake, and Puneet Agarwal with 8.66 percent shares. Of the ₹750 crore proceeds from the fresh issue, approximately 75 percent will be used to grow the lending business, while the remaining capital will go towards new products, technology, AI and IT infrastructure. CFO Sourav Goyal confirmed that the company does not plan to use IPO proceeds to reduce borrowings, stating that the company intends to leverage additional equity to expand its lending business. The company also plans to expand beyond personal loans by offering products such as home loans, investments and insurance to its existing customer base, with Agarwal noting that "that's going to be an equally big area of investment for us."
