Moneyview IPO Oversubscribed 31.41X On Day 3 So Far

Digital lender Moneyview's IPO was oversubscribed 31.41 times by 13:45 IST on the final bidding day. The public issue saw bids for 730.28 crore shares against 23.25 crore shares on offer. Non-institutional investors (NIIs) led the oversubscription, placing bids for 389.93 crore shares, a whopping 69.33 times their quota. Within that group, investors bidding between ₹2 Lakhs and ₹10 Lakhs saw 54.56X oversubscription.

Qualified institutional buyers (QIBs) oversubscribed their quota by 27.55 times, while retail investors hit 13.74X. No quota was reserved for employees. Moneyview's ₹1,092 crore IPO was fully subscribed within hours of opening on September 24. The company's shares are set to list on October 1. Grey market price had climbed to 41%, suggesting an estimated listing price of ₹48.

Funds from anchor investors like Accel and Tiger Global Management will go towards supporting loan disbursals and boosting NBFC capital.