Moneyview Files DRHP With SEBI For ₹1,500 IPO

Moneyview Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), paving the way for its proposed initial public offering (IPO).

According to the DRHP, the Moneyview IPO will comprise a fresh issue of equity shares aggregating up to ₹1,500 crore. In addition, there will be an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders.

Offer Structure And Selling Shareholders

Promoters Puneet Agarwal and Sanjay Aggarwal will offload their shares in the OFS. Chitra Agarwal has also been named as a promoter group selling shareholder.

Several investor shareholders are also set to offload shares as part of the offer. These include:

• Internet Fund III Pte. Ltd.

• Accel India IV (Mauritius) Limited

• Accel Growth IV Holdings (Mauritius) Ltd

• Crimson Winter Limited

• Lok Capital IV LLC

• Lok Capital Co-investment Trust

• Ribbit Capital

• Evolvence India Fund IV Limited

• Apis Growth II (Mimosa) Pte. Ltd

• NLI Strategic Venture Investment Limited

• TI JPNIN India Holdco Ltd

• TI Platform SMRS SMA, L.P.

• DI Investment LLC.

The Moneyview IPO will be managed by Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited as book running lead managers.

Use Of Proceeds

Moneyview plans to deploy the net proceeds from the fresh issue to expand its financial services operations. With a ₹1,500 crore fresh issue, the company plans to:

• Use ₹650 crore to support loan disbursals under Default Loss Guarantee (DLG) arrangements.

• Invest ₹450 crore in its subsidiary, Whizdm Finance Private Limited (WFPL), to strengthen its capital position.

• Use the balance funds from the fresh issue for routine business requirements and other corporate needs.

Business Overview And Financial Performance

Moneyview was set up in 2014 by the following IIT Delhi alumni:

• Puneet Agarwal, who serves as managing director and CEO (Chief Executive Officer)

• Sanjay Aggarwal, who is the executive director and CTO (Chief Technology Officer)

The firm operates in the digital lending segment and has attracted backing from renowned investors such as Accel, Tiger Global and Ribbit Capital.

The company's main offering is the digital personal loan. It was introduced in 2017 and continues to be its core offering. As of December 31, 2025, this segment accounted for an AUM (Assets Under Management) worth ₹19,814 crore.

Moneyview has been profitable since FY2022. In FY2025, it recorded a 61% year-on-year rise in profit before tax (PBT) compared to FY2024. Revenue for FY2025 stood at ₹2,379 crore, while net profit came in at ₹240 crore.

The company said it accounted for around 11% of total sanctions in the digital unsecured personal loan segment in FY2025. Among unlisted peers in this category, it reported the highest AUM during the period.

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Investor Takeaway

With the DRHP filed, the company has moved a step closer to a potential market listing, subject to regulatory approvals and market conditions.

Moneyview has been one of the few new-age fintech firms to combine strong growth with profitability. It also serves more than 125 million users today, which gives the platform meaningful scale as it heads towards the public markets.

Sources:

Livemint

CNBCTV

Economic Times