Moneyview Share Price Hits Record High, Rises 93% From IPO Price
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Moneyview shares touched a record ₹65.47 on October 12, taking their gains from the IPO price to nearly 93% in seven trading sessions. The stock later reversed its intraday gains.
Moneyview shares touched a fresh record high of ₹65.47 on Monday, October 12, taking the stock nearly 93% above its IPO price of ₹34 in just seven trading sessions before the day's gains were erased.
The stock, which had risen close to 5% earlier in the session, was trading at ₹62.12 on the NSE at the latest available quote, down ₹0.27 or 0.43%. Despite the reversal, Moneyview remains nearly 83% above its IPO price and about 13% higher than its NSE listing price of ₹55.
Moneyview made its stock market debut on October 1, when it listed at ₹55 on the NSE, a premium of 61.76% to the issue price. The shares opened at ₹55.61 on the BSE, a premium of 63.56%. The stock has continued to trade above its listing price since the debut, with Monday's move to ₹65.47 marking its highest level so far.
Moneyview Shares Extend Gains After Strong Market Debut
The sharp post-listing run follows strong demand for Moneyview's ₹1,091.68 crore IPO, which was open for subscription between September 24 and September 28 at a price band of ₹32-34 per share.
The issue was subscribed 98.46 times by the end of bidding, led by qualified institutional buyers. The QIB portion was subscribed 227.45 times, while the non-institutional investor category received 115.41 times the shares on offer. The retail portion was booked 19.57 times.
The IPO comprised a fresh issue of ₹750 crore along with an offer for sale by existing shareholders. Moneyview had also raised ₹327.5 crore from anchor investors ahead of the public issue.
Of the fresh issue proceeds, the company plans to use ₹325 crore to support growth in loan disbursals under default loss guarantee arrangements and ₹250 crore to strengthen the capital base of its subsidiary Whizdm Finance. The remaining amount has been earmarked for general corporate purposes.
Moneyview Revenue Rises 50% In June Quarter
Moneyview, formerly known as Whizdm Innovations, operates a digital financial services platform connecting customers with banks, non-banking financial companies, insurers and other financial institutions.
The company had 14.03 crore registered users and 48 financial partners on its platform as of June 2026. Revenue from operations rose 50.2% year-on-year to ₹1,041.1 crore in the June quarter from ₹693 crore in the corresponding period last year. Consolidated net profit increased to ₹173.8 crore from ₹67.2 crore during the same period.
The company's market capitalisation stood at about ₹9,789 crore at the time of listing. The subsequent rise in the stock pushed its valuation above ₹11,000 crore at Monday's record high.
Moneyview shares, however, gave up their intraday advance after touching ₹65.47. At the latest price of ₹62.12, the stock was marginally lower for the session while still trading around 83% above its ₹34 IPO price.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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