Moneyview IPO Subscribed 3.55X On Day 2, NIIs Lead With 7.77X Subscription
Digital lender Moneyview’s ₹1,092 Cr IPO was subscribed 3.55X by 13:15 IST on the second day of bidding. The public…
Moneyview's IPO experienced strong demand, with subscriptions surpassing three times the shares offered. On the second day of bidding, non-institutional investors led with a 7.77X subscription, placing bids for 39.01 Cr shares against a reserved quota of 5.02 Cr shares. Among NIIs, those bidding between ₹2 Lakh and ₹10 Lakh saw a 10.08X subscription, while those bidding over ₹10 Lakh experienced a 6.61X subscription.
Retail investors matched NIIs with a 3.67X subscription. Qualified Institutional Buyers (QIBs) saw a minimal 0.09X subscription. The IPO, priced between ₹32-₹34 per share, valued the company at approximately ₹5,985 Cr ($624 Mn). Moneyview raised ₹327.5 Cr from anchor investors before the IPO and plans to allocate proceeds for loan support, NBFC capital infusion, and general corporate purposes.
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