Fintech unicorn Moneyview has secured ₹327.5 crore from anchor investors by allocating 9.63 crore shares at ₹34 each, the upper end of its IPO price band, ahead of its public offering opening on September 24. The IPO aims to raise ₹1,092 crore, valuing the company at approximately ₹5,985 crore ($624 million) at the top price band, according to inc42.com.
Seven domestic mutual funds acquired 72% of the anchor shares, totaling 6.96 crore. SBI Mutual Fund’s SBI Banking and Financial Services Fund led the investment with 1.47 crore shares, exceeding ₹50 crore. HDFC Mutual Fund, through three holding entities, also purchased 1.47 crore shares. Other investors included Motilal Oswal, 360 One, Goldman Sachs, and ICICI Prudential’s iSIF Ex Top 100 Long-Short Fund, per inc42.com.
Moneyview’s IPO consists of a fresh issue worth up to ₹750 crore and an offer for sale (OFS) of up to 10.05 crore shares. The fresh issue was reduced from ₹1,500 crore initially proposed, and the OFS was lowered from 13.6 crore shares. The company filed its draft red herring prospectus with SEBI in March 2026 and received approval in July, positioning the IPO as a major event in the digital lending sector, inc42.com reported.
The IPO’s public subscription opens on September 24, marking a key milestone for Moneyview after its last equity funding round valued at $1.2 billion in September 2024. The company’s valuation at the IPO price band is about half that previous valuation, reflecting market adjustments ahead of the public listing, according to inc42.com.