Moneyview Cuts IPO Size After SEBI Nod, Halves Fresh Issue Component To ₹750 Cr

Fintech startup Moneyview has reduced the scale of its initial public offering (IPO) following approval from the market regulator SEBI. The company's announcement stated that the IPO size has been halved, with the fresh issue component reduced to ₹750 Cr from the initially planned ₹1,500 Cr. Additionally, the offer for sale (OFS) component has been decreased to 10.04 Cr equity shares from the original 13.6 Cr.

Several investors, including Tiger Global, Accel, Crimson Winter, Ribbit Capital, and NLI Strategic Venture Investment, have adjusted the number of shares they plan to sell. Notably, Moneyview's cofounders Puneet Agarwal and Sanjay Aggarwal, as well as Agarwal's wife Chitra Agarwal, who is selling 19.35 lakh shares through the OFS, have retained their original OFS portions.

The revised IPO size allocates ₹325 Cr of net proceeds to expand loan disbursals under default loss guarantee (DLG) arrangements, ₹250 Cr to bolster NBFC subsidiary Whizdm Finance Pvt Ltd's capital base, and the remaining funds for general corporate purposes.

The company did not disclose the rationale behind the IPO size reduction or the timeline for the issue's opening. Accel, the largest shareholder in Moneyview with a 21.9% stake, participated in the funding through Accel India IV and Accel Growth IV funds. Tiger Global holds a 13.79% pre-offer stake, equivalent to 21.2 Cr equity shares.

US-based Ribbit Capital currently owns 15.7 Cr shares, representing a 10.2% stake in the fintech company. Established in 2014, Moneyview operates a digital-first lending platform that offers unsecured personal loans to customers with limited credit history. The company partners with banks and NBFCs to originate loans via its mobile app and website, while also lending from its own NBFC arm, Whizdm Finance.

Since its inception, Moneyview has secured over $250 Mn in funding, achieving unicorn status in 2024 with a valuation exceeding $1 Bn after raising a $4.6 Mn funding round. In fiscal year 2025, the company reported a revenue of ₹2,379 Cr and a net profit of ₹240 Cr, surpassing its FY25 projections. As of December 31, 2025, Moneyview's assets under management (AUM) totaled ₹19,814 Cr, though the company has not yet disclosed its FY26 financial results.