Tag: Moneyview

  • Moneyview IPO Day 1: 37% Subscription with Grey Market Premium Soaring to 42%

    Moneyview IPO Day 1: 37% Subscription with Grey Market Premium Soaring to 42%

    Moneyview’s initial public offering (IPO) received bids for 37% of the shares on offer by 11:25 a.m. on September 24, according to NSE data. The Bengaluru-based fintech company has set a price band of Rs. 32–34 per share, and the bidding window will close on September 28.

    Moneyview IPO Subscription and Grey Market Premium

    Investors bid for 8,62,08,003 shares against 23,25,24,175 shares available at the time of the NSE snapshot. Retail investors subscribed to 55% of their allotted shares, while non-institutional investors subscribed to 43%. These figures cover only the opening hours of the three-day offer.

    Moneyview shares carried a grey market premium (GMP) of about Rs. 14 on the morning of September 24, according to InvestorGain. That was roughly 42% above the top of the Rs. 34 price band and pointed to an estimated price of Rs. 48 per share. An earlier report put the premium near 32%, showing that quoted GMP figures can change. Grey market trades are unofficial, and their prices do not determine where a stock will list.

    Issue Size, Price Band and Key Dates

    The Moneyview IPO totals about Rs. 1,092 crore, comprising a fresh issue of Rs. 750 crore and an offer for sale of about Rs. 341.68 crore. Under the offer for sale, existing shareholders will sell shares; Moneyview will receive the proceeds from the fresh issue.

    Investors can bid in lots of 441 shares. At the upper price of Rs. 34, one lot costs Rs. 14,994. The company expects to finalise the allotment on September 29 and list its shares on the BSE and NSE on October 1, under the tentative timetable.

    Before public bidding began, Moneyview raised Rs. 327.5 crore from anchor investors by allotting 9.63 crore shares at Rs. 34 each. Participants included SBI Mutual Fund, ICICI Prudential AMC, HDFC AMC, Goldman Sachs and Amundi Funds.

    How Moneyview Plans to Use the Proceeds

    Moneyview plans to put Rs. 325 crore from the fresh issue toward loan disbursals under default loss guarantee arrangements. It also plans to invest Rs. 250 crore in its subsidiary, Whizdm Finance, to strengthen the lender’s capital base. The company has earmarked the remaining net proceeds for general corporate purposes.

    The company connects customers with banks, non-banking lenders, insurers and other financial firms through its digital platform. Its products include personal loans, insurance, credit cards and digital gold. Moneyview reported 14.03 crore registered users and 48 financial partners as of June 2026.

    Financial Performance and IPO Managers

    For the June 2026 quarter, consolidated net profit rose to Rs. 173.8 crore from Rs. 67.2 crore a year earlier. Revenue from operations increased 50.2% to Rs. 1,041.1 crore. For the year ended March 2026, profit rose 1.2% to Rs. 244.1 crore, while revenue grew 43.3% to Rs. 3,351.2 crore.

    Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital Company are managing the IPO. Public bidding remains open through September 28, with final subscription figures due after the offer closes.

  • Moneyview Review: All-in-One Financial App for Loans, UPI, Credit Tracking & Investments

    Moneyview Review: All-in-One Financial App for Loans, UPI, Credit Tracking & Investments

    Overview

    Moneyview is a comprehensive financial services portal that allows users to manage loans, track credit scores, make UPI payments, open fixed deposits, invest in gold, and obtain insurance — all from a single mobile application. By leveraging AI-powered credit scoring, quick loan approvals, secure digital payments, and investment tools, it simplifies personal finance management.

    General Information

    • Founded: 2014
    • Platform Support: Web, Android, iOS
    • Download: Available on official app stores

    Key Features

    • Instant digital loans for individuals, businesses, and domestic needs.
    • AI-driven credit tracker providing free credit score reports.
    • Moneyview UPI with 256-bit encryption and ISO 27001:2022 certification.
    • All-in-one platform for gold investments, fixed deposits, insurance, and credit cards.

    Benefits

    • Integrated financial management for better control over money.
    • Quick loan approvals with minimal documentation.
    • Free credit score monitoring to aid financial planning.
    • Secure digital payments and investments through reliable instruments.
    • Savings, insurance, and loans accessible within a single app.

    Challenges

    • Loan eligibility depends on creditworthiness and partner lender policies.
    • Interest rates and terms vary based on customer profile.
    • Some financial products are limited to specific geographic regions.
    • Special bank accounts require additional verification.
    • Investment returns and insurance benefits are subject to partner terms.

    Subscription Information

    Moneyview is free to download and use for basic services like credit management, UPI payments, and EMI calculators. Financial products such as personal loans, home loans, business loans, credit cards, fixed deposits, car insurance, and gold investments come with varying eligibility criteria, partner terms, interest rates, and charges.

    Support Options

    • Help Center & Learning Resources: FAQs, loan guides, EMI calculators, security resources, product information, grievance redressal, and financial education materials.
    • Customer Support: Email, phone assistance, customer care, grievance redressal, and partner support for financial products.

    Conclusion

    Moneyview is a versatile digital banking platform that combines lending, savings, investments, insurance, and credit monitoring. Its AI-powered convenience, robust security, and diverse product range make it a strong choice for managing personal finances. Users seeking highly specialized banking services or global banking may want to explore alternative platforms.