Moneyview's ₹327.5 crore anchor book signals strong early institutional backing for IPO

Moneyview raises ₹327.5 crore from anchor investors ahead of its IPO, reflecting significant institutional interest amid a valuation of ₹6,000 crore and a robust growth trajectory in digital lending.

Moneyview has raised ₹327.5 crore from anchor investors ahead of the opening of its initial public offering, signalling early institutional interest in the Bengaluru-based digital lending platform’s market debut. The company allotted 9.63 crore shares to 20 funds at ₹34 each, which is the top end of the price band, according to a circular filed with stock exchanges.

The anchor book included a wide mix of domestic and global investors, among them SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs, Mirae Asset, Motilal Oswal Mutual Fund, Aditya Birla Sun Life Mutual Fund, India Acorn Fund, Quant Mutual Fund, Amundi Funds and HDFC Life. Moneyview’s shares are being offered in a price range of ₹32 to ₹34 apiece, with the public issue opening on September 24 and closing on September 28.

At the top end of the band, the IPO implies a valuation of about ₹6,000 crore. The issue comprises a fresh sale of shares worth ₹750 crore and an offer for sale of 10.05 crore equity shares by existing shareholders, valued at ₹342 crore at the upper end, taking the total size of the transaction to ₹1,092 crore. According to the company’s offer details, the fresh proceeds will be used to support lending growth, strengthen the capital base of its non-banking financial company subsidiary and meet general corporate needs.

The company has been reporting strong operating momentum. Moneyview said it made a profit after tax of ₹242 crore in FY26 on revenue of ₹3,351 crore, while the June-quarter profit was ₹174 crore on revenue of ₹1,065 crore. Loan disbursals increased 31 per cent to ₹23,099 crore in FY26, and rose 40 per cent year on year to ₹7,152 crore in the first quarter of FY27, with assets under management reaching ₹22,520 crore at the end of June 2026. Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Aggarwal, the company says its technology- and artificial intelligence-led model allows it to serve customers with limited manual intervention. It now claims more than 140 million users and coverage across 99 per cent of India’s pincodes. Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company are the book running lead managers.

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