Indian fintech Moneyview set a price band of ₹32 to ₹34 per share for an initial public offering of about ₹10.92 billion. The offer is scheduled to open on 24 September. At the upper end, the price implies a valuation of about ₹59.85 billion. Moneyview filed its red herring prospectus on 20 September.
The proposed issue combines ₹7.5 billion of new shares with an offer for sale of up to 100.49 million existing shares. Reuters reported that the targeted valuation is about $624 million at the top of the range. Moneyview, formerly known as Whizdm Innovations, distributes financial products through partnerships with banks, non-bank lenders and insurers. The structure means part of the proceeds will go to the company, while selling shareholders will receive the remainder.
FRESH CAPITAL SUPPORTS LENDING
Moneyview plans to allocate ₹3.25 billion of the fresh proceeds to loan disbursements under default-loss-guarantee arrangements. It also intends to invest ₹2.5 billion in its lending subsidiary, Whizdm Finance. The remainder of the fresh proceeds is earmarked for general corporate purposes.
The ₹10.92 billion total is based on the top of the price band, at which the offer for sale would be worth about ₹3.42 billion. An offer for sale does not add capital to Moneyview, unlike the fresh-share component.
SUBSCRIPTION OPENS ON 24 SEPTEMBER
As of 30 June 2026, Moneyview had 140.28 million registered users and 48 financial partners, according to its prospectus.
The issue closes on 28 September, with listing scheduled for 1 October. The final valuation will depend on where the offer price is fixed within the band.
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