Moneyview, India's largest full-stack digital lending platform by AUM, is raising ₹1,092 crore through a mainboard IPO in a price band of ₹32 to ₹34 per share. The issue opens on 24 September 2026 and closes on 28 September. With a grey market premium of around 41%, it's one of the most-watched fintech listings of the season. Here's everything you need to know.
Moneyview IPO at a glance
| Detail | Information |
|---|---|
| Issue type | Mainboard |
| Issue size | ₹1,092 crore |
| Price band | ₹32 to ₹34 per share |
| Lot size | 441 shares |
| Minimum investment | ₹14,994 (1 lot at ₹34) |
| Open date | 24 Sept 2026 |
| Close date | 28 Sept 2026 |
| Allotment date | 29 Sept 2026 |
| Listing date | 1 Oct 2026 |
| Quota | QIB 50% · NII 15% · Retail 35% |
How much can you apply for?
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 441 | ₹14,994 |
| Retail (max) | 13 | 5,733 | ₹1,94,922 |
| S-HNI (min) | 14 | 6,174 | ₹2,09,916 |
| S-HNI (max) | 66 | 29,106 | ₹9,89,604 |
| B-HNI (min) | 67 | 29,547 | ₹10,04,598 |
Grey market premium (GMP)
The Moneyview GMP is currently ₹14, up ₹3 since 23 September. At the upper band of ₹34, that points to an estimated listing price of about ₹48, a gain of roughly 41%.
Allotment chances, estimated from current subscription figures, are:
- Retail: 68%
- S-HNI: 63%
- B-HNI: 63%
These will fall as subscription builds over the next few days.
About the company
Moneyview runs a branchless, tech-first digital lending platform. It combines a loan marketplace that connects borrowers with partner lenders and its own captive NBFC for underwriting. Key numbers:
- Over 140 million registered users and 11.9 million monetised users
- Managed AUM of more than ₹22,520 crore (₹225,200 million) as of June 2026
- About 2 lakh loan applications processed every day, with minimal human involvement
- 48 financial partners connected through API integrations
- Products beyond personal loans: fixed deposits, digital gold, insurance, earned wage access and UPI
Financial highlights
| Metric | FY2026 |
|---|---|
| Revenue | ₹3,350+ crore |
| Net profit | ₹242.7 crore |
| Return on equity | ~30% |
| Net worth | ₹2,400+ crore |
| Debt-to-equity | 2.27x |
| Annualised loss rate | 6.95% (improved) |
Growth has been rapid. Revenue grew 74.25% in FY2025 and 43.26% in FY2026. The company reports the highest PBT and income CAGR among its digital lending peers, with loss rates below industry benchmarks.
Strengths
- Scale and market leadership. It is the largest full-stack digital lending platform in India by AUM.
- Profitable growth. Net profit is ₹242.7 crore and ROE is close to 30%, which is rare among Indian fintechs.
- Improving credit quality. The annualised loss rate fell to 6.95% in FY2026, even as the wider industry faced credit headwinds.
- A dual business model. The marketplace-plus-NBFC structure earns both fee income and interest income.
- Diversification. It is building a wider financial-services platform on top of personal loans.
- Experienced management. The founders combine deep technology skills with financial-services experience.
Risks to watch
- Credit risk. Unsecured personal loans are exposed to borrower defaults and rising Stage 3 (non-performing) loans, especially in an economic slowdown.
- Partner dependence. Fee and credit revenue relies heavily on its top lending partners.
- Regulatory risk. RBI rules on digital lending and on risk weights for unsecured credit keep tightening and could hit growth or margins.
- Negative operating cash flows in some past years, which is typical of a growing lender but worth watching.
- Leverage. A debt-to-equity ratio of 2.27x leaves it sensitive to interest-rate changes.
- Competition from banks, NBFCs and other fintech platforms.
- Technology risk. Platform outages, cyber-security breaches or errors in its algorithmic underwriting models could all cause damage.
IPO Milega score: 7.4 / 10 (Strong)
| Parameter | Score |
|---|---|
| Financials | 8.0 |
| Risk (higher = safer) | 6.0 |
| Performance | 8.0 |
| Flexibility | 8.0 |
| Timing | 7.0 (Favourable) |
| Overall | 7.4 |
The profitability of allotment scores 7/10.
Our take
Moneyview stands out among recent fintech IPOs for the combination of scale, profitability and improving asset quality. The low price band (₹32–34) keeps the minimum investment under ₹15,000. A rising GMP of about 41% suggests strong listing-day interest. The main things to track are credit cycles in unsecured lending and RBI regulation. Long-term investors should weigh those against the growth story, and listing-gain seekers should watch how subscription builds through 28 September.
👉 See the live GMP, subscription status and allotment chances on IPO Milega.
Disclaimer: This article is for information and education only. It is not investment advice or a recommendation to buy or sell any security. Please read the Red Herring Prospectus and consult a SEBI-registered advisor before investing. GMP is unofficial and can change quickly.