Digital lender Moneyview’s initial public offering (IPO) was subscribed 3.55 times by 13:15 IST on the second day of bidding, according to BSE data. The ₹1,092 crore IPO received bids for 82.65 crore shares against 23.25 crore shares on offer. The IPO price band is fixed at ₹32-₹34 per share, valuing the company at around ₹5,985 crore at the upper end. The public issue includes a fresh issue worth up to ₹750 crore and an offer for sale (OFS) of 10.05 crore shares.
Non-institutional investors (NIIs) led the demand, placing bids for 39.01 crore shares against the 5.02 crore shares reserved for them, translating into a subscription of 7.77 times. Within NIIs, the portion reserved for bids between ₹2 lakh and ₹10 lakh was subscribed 10.08 times, while bids exceeding ₹10 lakh were subscribed 6.61 times. Retail investors subscribed 3.67 times to their quota, bidding for 43.02 crore shares against 11.72 crore shares reserved. Qualified institutional buyers (QIBs) showed limited interest, with a subscription of 0.09 times.
The strong subscription from NIIs and retail investors contrasts with subdued demand from QIBs, reflecting varied investor appetite. The IPO’s performance marks a significant step for Moneyview, which had raised ₹327.5 crore from anchor investors ahead of the public issue. The company’s valuation at nearly ₹6,000 crore positions it among notable digital lenders entering the public markets, amid growing investor interest in fintech and digital lending platforms.
The Moneyview IPO will close on September 28, with shares scheduled to list on stock exchanges on October 1, according to the company’s filing. The subscription data as of the second day indicates robust investor confidence, particularly from retail and non-institutional segments.