Moneyview IPO
Moneyview IPO is a mainboard IPO raising ₹1,092 Cr at ₹32 – ₹34 a share. It listed on 1 Oct 2026 at ₹55, +61.8% against its issue price of ₹34, and trades at ₹51 today (+50.4% since issue). It was subscribed 98× in total.
98.5 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Moneyview runs a digital-only, mobile-app based financial services platform that distributes personal loans and other financial products to Indian consumers in the 'Middle India' segment (households with annual income of ₹300,000–1,100,000). It operates as a Loan Service Provider, connecting users with 22 regulated lending partners (banks/NBFCs), and also lends on its own balance sheet through NBFC subsidiary WFPL. As of June 30, 2026 it had 140.28 million Registered Users, serviced 99.04% of Indian PIN codes, and ran no physical branches.
How it earns
On personal loans facilitated through bank/NBFC partners Moneyview earns origination and servicing fees and shares credit losses via Default Loss Guarantees of up to 5% of the loan portfolio; on loans booked on its own NBFC subsidiary WFPL it earns origination fees plus net interest margin, with the entire credit risk held on WFPL's books.
Who buys
Retail customers are 'Middle India' households earning ₹300,000–1,100,000/year; as of June 30, 2026, 79.54% of Monetized Users resided in Tier 2+ cities, 67.87% earned ₹300,000–1,100,000/year, average age was 32 and average monthly income was ₹46,517.55. On the supply side, 22 regulated entities (banks/NBFCs, including subsidiary WFPL) partner for personal loans, with 48 Financial Partners integrated across the broader product suite; the prospectus does not state named individual partners or revenue-concentration percentages.
Scale
As of June 30, 2026: 140.28 million Registered Users, 11.90 million Monetized Users, Managed AUM of ₹22,520.17 crore (₹225,201.65 million, i.e. 1 crore = 10 million), 48 Financial Partners (22 for personal loans), 6.61 million personal-loan users, 15.69 million monthly transactions in June 2026, presence across 99.04% of Indian PIN codes with no physical branches, and over 50% of employees in technology and data roles (total headcount not stated).
What it says sets it apart
- In-house AI/ML risk and segmentation models trained on over 100,000 data variables, enabling up to a 7-fold differentiation in credit-risk outcomes within the same bureau score band (725–750)
- Annualised losses on platform-facilitated loans of 6.90% as of June 30, 2026 vs the industry average of 8.29% over the same period (per Redseer Report)
- Capital-light Loan Service Provider model combining 22 personal-loan regulated-entity partners with on-balance-sheet lending by NBFC subsidiary WFPL (25.12% of Managed AUM)
- Operating efficiency: Operating Expenses as a % of Total Income fell from 56.42% in FY24 to 41.43% in FY25 and 34.84% in FY26; processes ~200,000 loan applications/day with offers typically generated within 5 seconds and ~90% of disbursals completed within minutes
- Sticky, repeat-borrowing user base: Repeat AUM rose from 42.08% of Managed AUM in FY24 to 62.70% as of June 30, 2026; Monetized Users grew from 4.62 million (FY24) to 11.90 million (Q1 FY27); app holds a 4.8-star rating on app stores
Revenue mix
The numbers at a glance
The price they’re asking →derived: cut-off price Rs34 / stated EPS Rs1.57 (FY2026 (year ended March 31, 2026) diluted EPS, restated consolidated, Ind AS 33). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
101 mainboard issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
How the book finished
The category split is the number worth reading, not the total.
QIB: 227× their allocation. Retail: 20×.
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What could go wrong
All 14 risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
Led by Axis Capital Limited — median +18.1% across the 114 of its issues we can price. All lead managers →
What happens when
Next: the UPI mandate expires on 9 Nov 2026.
What to watch
- Priced at 21.7× earnings — 36% below the median of the peers the issuer itself names.
- The register's top risk: DLG at 43.92% of Net Worth with rising impairments (prospectus page 36).
- Its cohort's record: median +9.2% since issue price, 37.6% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track MONEYVIEW LIMITED
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.