Accel-backed Moneyview seeks $624 million valuation in trimmed India IPO
The IPO comprises a fresh issue of shares worth ₹750 crore and an offer for sale (OFS) of up to 100.49 million shares from existing investors
Indian fintech company Moneyview is seeking a valuation of up to $623.89 million in a reduced initial public offering (IPO) that opens for public subscriptions on September 24. The company, which operates a network of financial products through banks, non-bank lenders, insurers, and other institutions, has trimmed its IPO size to ₹750 crore (approximately $100.49 million) from existing investors, down from the previously planned ₹1,500 crore and 136.1 million shares.
The IPO comprises a fresh issue of shares and an offer for sale (OFS) to existing investors. Promoters Puneet Agarwal and Sanjay Aggarwal plan to sell up to 13.55 million shares each, while venture capital firms Accel, Tiger Global, and Ribbit Capital are also selling stakes. The IPO will close on September 28, with the stock expected to begin trading on October 1.
Moneyview's consolidated profit before exceptional items rose 65.4% to ₹397 crore in fiscal year 2026, while revenue increased 43.3% to ₹3,351 crore, driven by higher fees and commissions collected from users.
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