Moneyview’s initial public offering (IPO) delivered significant returns for early investors, with Ribbit Capital achieving an 11.85X multiple on its acquisition cost. The IPO included an offer for sale (OFS) where Ribbit sold 1.14 crore shares for ₹38.61 crore at the upper end of the price band of ₹32-₹34 per share, according to inc42.com.
Tiger Global’s Internet Fund III sold 1.54 crore shares through the OFS, realizing a 3.42X return with proceeds of ₹52.21 crore. Accel participated via two funds: Accel India IV (Mauritius) sold 1.64 crore shares for ₹55.68 crore, achieving a 6.39X return, and Accel Growth IV Holdings sold 80.12 lakh shares for ₹27.24 crore, a 4.44X return. Other investors such as TI JPNIN India Holdco and NLI Strategic Venture Investment also recorded returns above 4X. However, Crimson Winter sold 1 crore shares at a loss of around 9%, offloading shares below its acquisition cost.
The IPO also saw Moneyview cofounders Puneet Agarwal and Sanjay Aggarwal selling shares worth a combined ₹92.12 crore, each offloading about 1.35 crore shares and receiving ₹46.06 crore apiece. Post-sale, Puneet Agarwal retains 11.97 crore shares valued at ₹407.07 crore at the issue price, while Sanjay Aggarwal holds a significant stake as well. The strong multiples highlight investor confidence and the value unlocked through the IPO, marking a notable event in the fintech funding space.
The IPO price band was set between ₹32 and ₹34 per share, with the OFS transactions closing at the upper end. Ribbit Capital’s 11.85X return stands as the highest multiple among institutional investors participating in the offer, underscoring the successful exit for early backers documented by inc42.com.