Moneyview IPO: Ribbit Capital Bags 11.85X Return, Tiger Global Scores 3.42X

Moneyview’s IPO unlocked sizable gains for early investors, with Ribbit Capital fetching 11.85X its acquisition cost and Tiger Global realising 3.42X return on shares sold through the offer for sale (OFS).

Ribbit recorded the highest return multiple among institutional investors participating in the OFS, selling 1.14 Cr shares for ₹38.61 Cr at the upper end of its IPO price band of ₹32-₹34. Tiger Global’s Internet Fund III sold 1.54 Cr shares for ₹52.21 Cr.

Accel participated in the OFS through two funds. Accel India IV (Mauritius) sold 1.64 Cr shares for ₹55.68 Cr, realising 6.39X its acquisition cost. It retains 21 Cr shares valued at ₹714.01 Cr at the issue price.

Accel Growth IV Holdings sold 80.12 Lakh shares for ₹27.24 Cr, fetching 4.44X its acquisition cost.

TI JPNIN India Holdco sold 37.45 Lakh shares for ₹12.73 Cr, fetching 5.94X its acquisition cost. NLI Strategic Venture Investment and DI Investment scored 5.54X and 4.88X return, respectively, on their share sale.

Crimson Winter, however, sold below its acquisition cost. The investor offloaded 1 Cr shares for ₹34 Cr against a weighted average acquisition cost of ₹37.42 per share. This translated into a loss of around 9% on the shares sold.

Meanwhile, Moneyview cofounders Puneet Agarwal and Sanjay Aggarwal sold shares worth a combined ₹92.12 Cr. Each sold about 1.35 Cr shares, receiving ₹46.06 Cr apiece.

Following the sale, Puneet retains 11.97 Cr shares valued at ₹407.07 Cr at the issue price, while Sanjay holds 14.55 Cr shares worth ₹494.55 Cr.

Inside Moneyview’s ₹1,092 Cr IPO

Moneyview’s ₹1,092 Cr IPO closed on Monday (September 28), receiving 98.46X subscription. Investors placed bids for 2,289.52 Cr shares against the 23.25 Cr shares on offer.

At ₹34 per share, the IPO valued the company at ₹5,985 Cr (about $624 Mn). The public offer comprised a ₹750 Cr fresh issue and an OFS of about 10.05 Cr shares.

Ahead of the IPO, Moneyview raised ₹327.5 Cr from anchor investors, allotting 9.63 Cr shares at ₹34 apiece. SBI Mutual Fund and Goldman Sachs were among the participants.

Moneyview plans to deploy ₹325 Cr of the fresh proceeds towards default loss guarantee arrangements supporting loans originated through its lending partners. Another ₹250 Cr will be invested in its NBFC subsidiary Whizdm Finance to strengthen its capital base, with the remaining net proceeds earmarked for general corporate purposes.

Founded in 2014, Moneyview offers unsecured personal loans to underserved and new-to-credit borrowers. It partners with banks and NBFCs to offer loans through its app and website, while Whizdm Finance lends directly to customers.

The company uses proprietary credit scoring models and alternative data to assess borrowers. It earns interest on loans on its own books, alongside fees and commissions from loans originated through its lending partners.

Moneyview’s consolidated net profit rose 2.6X to ₹173.8 Cr in Q1 FY27 from ₹67.2 Cr in the year-ago period. Operating revenue increased 50.2% YoY to ₹1,041.1 Cr.

For FY26, operating revenue grew to ₹3,351.2 Cr from ₹2,339.1 Cr in FY25. Consolidated net profit edged up to ₹242.7 Cr from ₹240.3 Cr, with the company recording exceptional losses of ₹206.7 Cr during FY26.

Edited by Vinaykumar Rai
Creatives by Abhyam Gusai

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