Digital financial services platform Moneyview has taken a major step toward going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 3, 2026. The company plans to raise funds through an initial public offering (IPO) that includes a fresh issue and an offer for sale by existing shareholders.

IPO Structure

The proposed IPO consists of a fresh issue of equity shares worth ₹1,500 crore, along with an offer for sale (OFS) of approximately 13.6 crore shares by promoters and current investors.

Promoters Puneet Agarwal and Sanjay Aggarwal are expected to partially reduce their stakes as part of the OFS. Several institutional investors will also offload shares, including Apis Partners, Accel, Tiger Global Management, Ribbit Capital and other shareholders.

The public issue will be managed by leading investment banks such as Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company.

Shareholding and Potential Pre-IPO Placement

Among the company’s investors, Accel currently holds the largest stake at 21.31%, followed by Tiger Global’s Internet Fund III with 13.79%, while Ribbit Capital owns 10.2% and Apis Growth holds 6.61%.

The company has also indicated that it may raise up to ₹300 crore through a pre-IPO placement. If this fundraising is completed, the amount will be deducted from the size of the fresh issue.

Planned Use of IPO Proceeds

Moneyview plans to deploy the funds raised from the fresh issue across several strategic areas:

• ₹650 crore will be used to expand loan disbursements through default loss guarantee (DLG) arrangements.
• ₹450 crore will be allocated to strengthen the capital base of its NBFC subsidiary, Whizdm Finance.
• The remaining funds will be used for general corporate purposes.

About the Company

Founded in 2014, Moneyview operates as a digital-first financial services platform focused on providing credit products to middle-income customers.

The company collaborates with 22 regulated financial entities, including its NBFC arm Whizdm Finance, to offer services such as personal loans, credit cards, insurance, digital gold, payments and earned wage access.

Financially, the company has shown strong growth. For the nine months ending December 2025, Moneyview reported a profit of ₹209.7 crore on revenue of ₹2,373.3 crore.

In FY25, the company’s profit increased 40.4% to ₹240.3 crore, compared with ₹171.1 crore in the previous year, while revenue surged 74.3% to ₹2,339.1 crore.

Summary:
Moneyview has filed its DRHP with SEBI for a proposed ₹1,500 crore IPO, which will include a fresh equity issue and an offer for sale of 13.6 crore shares by promoters and investors. The company may also raise ₹300 crore through a pre-IPO placement. Proceeds will be used to expand lending operations, strengthen its NBFC arm Whizdm Finance and support general corporate activities. Founded in 2014, the digital lending platform has reported strong revenue and profit growth in recent years.

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