Moneyview IPO Details & GMP

Company Overview

• Legal Entity: Moneyview Limited (originally incorporated as Whizdm Innovations Private Limited in August 2014, headquartered in Bengaluru).
• Promoters: Puneet Agarwal, Sanjay Aggarwal, and Sushma Abburi.
• Business Model: A digital-first, credit-led financial services platform focusing on \\\\\\\”Middle India\\\\\\\” (households earning ₹3–11 Lakhs annually).
• Core Operations: Operates a two-sided platform acting as a Lending Service Provider (LSP) connecting users with 48 financial partners (banks & NBFCs), while also lending via its RBI-registered NBFC subsidiary, Whizdm Finance Private Limited (WFPL).
• Product Lineup: Digital personal loans, credit cards, home loans, loans against property, insurance distribution, digital gold, UPI payments, and earned wage access.
• Geographic Coverage: Serves 99.04% of Indian PIN codes without physical branches, with over 79.5% of monetized users residing in Tier-2+ cities.

Performance & Key Operational Metrics

• User Expansion: Registered users grew at a 26.9% CAGR from 83.27 million in FY24 to 134.14 million in FY26, reaching 140.28 million by June 30, 2026.
• Monetized Users: Expanded from 4.62 million in FY24 to 11.90 million by June 2026.
• Managed AUM: Scaled from ₹12,884.8 Crore (FY24) to ₹21,380.1 Crore (FY26) and ₹22,520.2 Crore as of June 30, 2026.
• Loan Disbursals: Facilitated ₹23,098.5 Crore in loan disbursals in FY26, representing a 31.08% YoY growth.
• Repeat Borrowing: Repeat AUM accounted for 60.86% of Managed AUM in FY26 and 62.70% by Q1 FY27.
• Operating Efficiency: Operating expenses as a percentage of total income dropped from 56.42% in FY24 to 34.84% in FY26.
• Asset Quality: Annualized credit losses declined from 7.93% (FY24) to 6.95% (FY26). However, Gross Stage 3 loans at WFPL increased from 0.94% in FY24 to 2.72% in June 2026.

IPO Details

• IPO Window: September 24, 2026 – September 28, 2026.
• Tentative Listing Date: October 1, 2026 (BSE & NSE).
• Total Issue Size: ₹1,091.68 Crore (32,10,82,435 Equity Shares).
  • Fresh Issue: ₹750.00 Crore (22,05,88,235 shares).
  • Offer for Sale (OFS): ₹341.68 Crore (10,04,94,200 shares).
• Price Band: ₹32 to ₹34 per equity share (Face Value ₹1).
• Lot Size & Retail Investment: 441 shares per lot (Minimum application ₹14,994 at upper price band).
• Implied Market Capitalization: ~₹5,984.79 Crore at the upper price band.
• Issue Reservation Structure: QIBs (50%), Non-Institutional / HNIs (15%), Retail Investors (35%).
• Lead Manager & Registrar: Axis Capital Ltd. (Book Running Lead Manager) and MUFG Intime India Pvt. Ltd. (Registrar).
• Objects of the Issue:
  1. ₹325.00 Cr: Investment to support loan disbursal growth under Default Loss Guarantee (DLG) arrangements.
  2. ₹250.00 Cr: Capital infusion into material subsidiary Whizdm Finance Private Limited (WFPL) to expand its capital base.
  3. Balance towards general corporate goals.

Financial Details

• Key Valuation Ratios (at ₹34 Upper Band):
  • Price-to-Earnings (P/E): 21.66x (based on FY26 Diluted EPS).
  • Price-to-Book Value (P/B): 2.33x (based on NAV of ₹14.57 for FY26).
  • Debt-to-Equity: 2.32x in FY26 (up from 1.06x in FY24).