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Informist, Wednesday, Mar. 4, 2026

 

--Moneyview files DRHP for INR 15 bln fresh issue, OFS of 136 mln shares 

 

MUMBAI – Moneyview Ltd. has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offer. The offer includes a fresh issue of up to INR 15 billion and an offer for sale of up to 136.1 million shares. The face value of each share is INR 1.

 

As part of the offer for sale, promoter Accel India IV (Mauritius) Ltd. will sell up to 20.47 million shares of the company. Promoter Crimson Winter Ltd. will sell up to 14.52 million shares, promoter Puneet Agarwal will sell up to 13.55 million shares and Accel Growth IV Holdings (Mauritius) Ltd. and Apis Growth II (Mimosa) Pte. Ltd. will sell up to 10 million shares and up to 9.21 million shares, respectively.

 

The company plans to use INR 6.5 billion from the net proceeds of the offer to invest in driving growth in loan disbursals under default loss guarantee arrangements. Out of this INR 6.5 billion, more than half of the portion, which is 3.5 billion, will be deployed in 2026-27 (Apr-Mar) and INR 3 billion will be deployed in FY28. It also proposes to invest INR 4.5 billion in FY27 in Whizdm Finance Pvt. Ltd., its material subsidiary, for augmenting its capital base.

 

The company is engaged in consumer-focussed, digital only, credit-led financial services platform for customers providing access to full suite of financial products through a network of financial partners, including its non-banking fianc subsidiary, on company's Moneyview mobile application.

 

The company operates as a digital financial services platform to provide a suite of financial products to its users through a network of financial partners. Its platform functions as a two-sided network, connecting its users seeking financial products with banks, NBFCs, insurers, and other financial institutions offering such products.

 

For the nine months ended Dec. 31, the company reported a restated consolidated net profit of INR 2.10 billion on revenue of INR 23.73 billion. For FY25, it had reported a restated consolidated net profit of INR 2.4 billion on a revenue of INR 23.39 billion.

 

Highlighting the risk factors, the company said the wide variety of payment methods that its partners accept subjects the company to third-party payment processing-related risks. Any failure of these payment mechanisms could impact consumers' ability to pay, which in turn could impact its business. The company's inability to use software licensed from third parties, including open source software, could negatively affect its ability to sell its solutions and subject the company to possible litigation.

 

The company requires certain licenses, permits, and approvals in the ordinary course of business. Any failure to obtain or retain these licenses and permits in a timely manner may materially and adversely affect its operations. The company is dependent on digital application stores and third-party app marketplaces for the distribution and accessibility of company's mobile application.

 

There are two tax proceedings and one statutory or regulatory proceeding pending against the directors of the company, with the amount involved aggregating to INR 35.73 million.

 

The company's shares are proposed to be listed on the National Stock Exchange and BSE, according to the draft papers. Axis Capital Ltd., BofA Securities India Ltd., IIFL Capital Services Ltd., and Kotak Mahindra Capital Co. Ltd. are the book running lead managers for the issue and MUFG Intime India Pvt. Ltd. is the registrar.

 

The offer is being made through the book-building process in which not more than 50% of the net offer will be allocated to qualified institutional buyers. Non-institutional investors will be allocated not less than 15% and retail investors will get at least 35% of the allocation.  (Akash Tirlotkar)

 

End

 

Edited by Ashish Shirke

 

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