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
Read from the 537-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 284 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Default loss guarantee outstanding as a percentage of Net Worth (B/A) ... 43.92% ... Impairment of financial instruments as a percentage of Average Managed AUM increased from 2.46% in Fiscal 2024 to 4.51% in Fiscal 2025, and further to 5.16% in Fiscal 2026
between August 5, 2025, and August 7, 2025, our Material Subsidiary, WFPL, experienced a cyber incident in which several unauthorized transactions, aggregating to ₹483.20 million, were debited from its bank account
All of our Portfolio Loans are unsecured, which poses a higher credit risk ... Our Gross Stage 3 Loans comprised 2.72%, 2.58%, 2.74%, 1.88% and 0.94% of our Total Gross Loans
our top ten Financial Partners contributed to 39.02%, 38.69%, 37.36%, 46.82% and 56.78% of our revenue from operations
WFPL has suo moto filed a settlement application dated February 19, 2026... seeking settlement of any bona fide non-compliance under the provisions of Sections 42 and 25 of the Companies Act, 2013
certain complaints have been made against our Company by certain parties to, inter alia, SEBI, the BRLMs and the Registrar to the Offer... the complainant alleged inter alia, that the Company had violated the RBI (Digital Lending) Directions, 2025
Our Material Subsidiary, WFPL, raises borrowings primarily for onward lending and to support growth of its Portfolio Loans... Cumulative Mismatch... 1,184.57
SEBI issued a public caution on November 8, 2025, advising investors that "Digital Gold" products are different from SEBI‑regulated gold products and operate outside SEBI's purview
February 24, 2026 ... Allotment of 75,000,000 Equity Share to the Moneyview Employees Trust ... Face value per equity share (₹) 1 ... Issue price per equity share (₹) 1
Our Statutory Auditor did not audit the financial information of (i) two Subsidiaries as of and for the three-month periods ended June 30, 2026... 81.84%
We are not licensed as a bank in any jurisdiction and do not accept deposits. Therefore, we may be considered a PFIC for the current taxable year and future years.
approved payment of a one-time performance-based incentive of Rs1,600.00 million in March 2026 to our Managing Director and Chief Executive Officer, Puneet Agarwal ... our restated profit for the year for Fiscal 2026 decreased by Rs1,197.28 million (net of tax), representing 30.13% of the restated profit for the year before exceptional items
Post‑Offer, the shareholding of our Promoters will be less than 20% of the post‑Offer Equity Share capital of our Company ... Accel India IV (Mauritius) Limited, Internet Fund III Pte. Ltd. and Ribbit Capital ... shall contribute ... towards the shortfall in Minimum Promoters' Contribution
REs retain full liability for all acts and omissions of their LSPs and outsourcing arrangements cannot dilute or absolve the RE of its statutory or regulatory obligations. This liability construct results in ongoing contractual scrutiny of our Company by its partner REs, including through compliance audit and inspection rights
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 0 | 0 | — |
| Subsidiaries | 1 | 0 | 0 | ₹48 Cr |
| Directors | 0 | 1 | 1 | — |
| Promoters | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Whizdm Finance Pvt Ltd (WFPL), material subsidiary, filed FIR on Aug 9, 2025 with Cyber Crime Police Station, Bengaluru under IT Act and BNS following cyber-incident; aggregate loss ₹483.20 million (₹48.32 crore)
Subrata Mitra (Director) — show-cause notice dated Jul 1, 2021 from Directorate of Enforcement under FEMA / TISPRO for alleged FDI contravention in Flipkart Online Services; writ petitions and review petitions dismissed by Madras HC; adjudication currently pending
Alpana Parida (Director) — 1 direct tax (income tax) proceeding pending before Principal Chief Commissioner of Income Tax, Mumbai; amount not quantified
WFPL suo-moto settlement application dated Feb 19, 2026 filed with SEBI under SEBI (Settlement Proceedings) Regulations 2018, seeking settlement of non-compliance with Sections 42 and 25 of Companies Act 2013; penalty/settlement amount not ascertainable
WFPL NCD issuance (ISIN INE0MHC07187) — down-sold by allottee resulting in holders exceeding the prescribed 200-holder limit within 6 months; NCDs fully redeemed June 2025; current SEBI settlement pending
Amounts converted to crore at 1 crore = 10 million. Subsidiary criminal case aggregate of ₹483.20 million = ₹48.32 crore. Direct-tax amount for directors shown as '-' (not stated). No Group Companies exist as on date of RHP. No consolidated grand-total amount is stated in the section; only the WFPL cyber-incident figure is quantified.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
