Moneyview Ltd IPO
Status: Closed
Overview
IPO date
24 Sept 2026 to 28 Sept 2026
Face value
₹ 1 per share
Price
₹ 32 to ₹34 per share
Issue Size
321,082,435 shares
(aggregating up to ₹ 1091.68 Cr)
(aggregating up to ₹ 1091.68 Cr)
Allotment Date
29 Sept 2026
Listing at
NSE
Issue type
Book Building
Sector
E-Commerce/App based Aggregator
Unlock Stock of the Month
T&C*
Strengths vs Risks of Moneyview Ltd
Know the pros & cons
Strengths
- Large, growing and sticky user base with a flywheel effect for growth.
- Data driven approach for user segmentation and risk assessment.
- Strong technology and AI capabilities enabling scalable and efficient growth
- Capital-light model with a diversified network of capital partners
- Experienced management team with a track record of building and managing successful businesses.
- Proven business model with sustained growth and improving profitability.
Risks
- The company's success depends on its ability to attract, engages and monetize new and existing users on the company platform. Any failures to do so could have an adverse impact on its business, financial condition, cash flows and results of operations.
- The company depends on cooperation with its Financial Partners. In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company's top ten Financial Partners contributed to 39.02%, 38.69%, 37.36%, 46.82% and 56.78% of its revenue from operations, respectively. The company's business may be negatively affected if its Financial Partners does not continue their relationship with the company, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The sustained success of the Company is closely linked to the continued contributions of its Key Managerial Personnel, Senior Management Personnel and the company's employees, along with its ability to attract, retain, and motivate talented individuals. In Fiscal 2026, the company paid a one-time non-recurring performance-based incentive to its Managing Director and Chief Executive Officer, Puneet Agarwal, and any inability to effectively manage costs, retention, motivation, or preserve the company organisational culture and core values during its growth journey, may have an adverse impact on the company's business, financial condition, cash flows, results of operations and prospects.
- The company has witnessed rapid growth in the past three years and may not be able to sustain its historical growth levels. Further, the company has a limited operating history across some of its products and services. The company may not be able to sustain its current growth levels in a cost-effective manner, which could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Borrower defaults on loans facilitated through the company's platform may increase its impairment expense and adversely affect the company's financial performance.
- The company Gross Stage 3 Loans comprised 2.72%, 2.58%, 2.74%, 1.88% and 0.94% of its Total Gross Loans as at June 30, 2026, June 30, 2025, March 31, 2026, March 31, 2025 and March 31, 2024, respectively. If borrowers default on their repayment obligations, it may lead to increased levels of Gross Stage 3 Loans, and related provisions and write-offs, and if the company does not have sufficient provisioning coverage, the company may faces an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's brand is critical to its success. If the company is unable to maintain its brand or reputation, user and financial partner acceptance of the company's platform could decline which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's technology-driven user assessment processes may not be able to effectively identify, monitor or mitigate lending risks, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company is subject to a stringent regulatory framework that may affect the flexibility of its operations and increase compliance costs and any regulatory action against the company and its employees may result in penalties and/or sanctions that could have an adverse effect on the company's business, prospects, financial condition and results of operations.
- The company incurred negative cash flows from operating activities in the three month period ended June 30, 2025, and Fiscals 2026, 2025 and 2024.
- The company's Material Subsidiary, WFPL, is regulated by the RBI and is subject to the liquidity risk management framework prescribed under the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Asset, Liability Management) Directions, 2025 (the "NBFC - ALM Directions"). These directions, inter alia, prescribe a comprehensive Liquidity Risk Management ("LRM") Framework for non-banking financial companies.
- One of the issuances of non-convertible debentures by WFPL, the company's Material Subsidiary has been down sold by successful applicants in the past, leading to the number of holders of such securities exceeding the prescribed limits under the applicable laws. Accordingly, its may be subject to regulatory action, including penal action, which may adversely affect the company's business and reputation.
- The company's Material Subsidiary, WFPL's failures to comply with the capital adequacy ratios prescribed by the Reserve Bank of India could adversely affect its business, results of operations, cash flows and financial condition.
- Any actual or perceived cybersecurity, data or privacy breach, or regulatory, legislative and policy developments in the area of data privacy and security, could interrupt the company operations and adversely affect its reputation, brand, business, financial condition, cash flows and results of operation. Further, the company integrate its information technology systems with platforms of various third parties and if there is any unauthorised data revision or a failures to maintain data integrity on the part of third parties, or if such third parties does not perform adequately or terminate their relationships with the company, it may severely and negatively impact the company's ability to serve its users, and the company's business, financial condition, cash flows and results of operations could be adversely affected.
- The company's restated profit for the Fiscal 2026 was impacted due to a one-time performance-based incentive paid to its Managing Director and Chief Executive Officer, Puneet Agarwal, which may affect the comparability of the company's financial performance and profitability trends across periods.
- In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company derived 60.79%, 56.53%, 56.68%, 63.56% and 75.64%, respectively, of its total revenue from operations from fees and commission income, on the product offerings facilitated through the company's Financial Partners, and any decrease in the volume of such products or the fees and commission rates the company collect on such transactions could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Uninterrupted access to the company's technology platform is essential to its business. System failures, interruptions, or the company's inability to keep pace with technological developments could adversely affect the availability or performance of its website, mobile application or platform, and thereby adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The wide variety of payment methods that the company's partners accept subjects it to third-party payment processing-related risks. Any failures of these payment mechanisms could impact consumers ability to pay, which in turn could impact the company's business.
- The company's business is subject to intense competition, and its may fails to compete successfully against existing or new competitors, which may cause the company to lose market share and reduce demand for its products and adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The company relies intensively on substantial capital and any disruption in its sources of capital could adversely affect the company's liquidity and financial condition.
- The company's indebtedness and the conditions and restrictions imposed by its financing arrangements may limit the company's ability to grow its business and adversely impact the company's business, results of operations, financial condition, and cash flows.
- Examination report issued by the company's Statutory Auditors discloses certain modifications included in their auditor's report issued on the consolidated financial statements for the years ended March 31, 2026, 2025 and 2024.
- The company has entered into certain related-party transactions in the past, and its may continue to do so in the future that may potentially involve conflicts of interest.
- The company's lease the premises for its offices and the offices of the company's Material Subsidiary, or enters into service provider agreements to uses co-working spaces, and failures to renew its lease agreements and service provider agreements could adversely affect the company's business, financial condition, results of operations, cash flows and prospects. Certain lease arrangements may also not be duly registered or adequately stamped and may not be able to be enforced in the event of a dispute.
- The company will not receive any proceeds from the Offer for Sale portion. Further, the objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institutions or other independent agency. There is no assurance that investments from the company's Net Proceeds will proceed as planned and nor can its guarantee the company will achieve results or outcomes as anticipated.
- A downturn in general economic conditions or disruption in the financial markets in India including a credit crisis, may materially and adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on the accuracy and completeness of information about users for its business. Any misrepresentation, errors in or incompleteness of such information could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company's inability to uses software licensed from third parties, including open source software, could negatively affect the company's ability to sell its solutions and subject the company to possible litigation.
- Any non-compliance with mandatory anti-money laundering ("AML"), combating-terrorism financing ("CFT") and KYC laws and regulations could expose it to liability and harm the company's reputation.
- Post the filing of the Draft Red Herring Prospectus, certain complaints have been made against the Company by certain parties to, inter alia, SEBI, the BRLMs and the Registrar to the Offer, as applicable. Such complaints may adversely affect the company's reputation, business and would requires it to incur expenditure in defending such legal claims. There is no assurance that there will not be further complaints against the Company which may divert the time, attention and resources of its management.
- There are outstanding legal proceedings involving certain of the company's Directors and its Subsidiaries. Failures to achieve favourable outcomes may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- The company's inability to protect or uses its intellectual property rights or comply with intellectual property rights of others may have a material adverse effect on the company's business and reputation.
- The company's financial performance is vulnerable to interest rate risk, and an inability to manage its interest rate risk may have a material adverse effect on the company's business, financial condition, cash flows, results of operations and prospects.
- As of June 30, 2026, June 30, 2025 and March 31, 2026, 2025 and 2024, 36.87%, 35.89%, 36.64%, 35.30% and 34.43% of the company Managed AUM are concentrated in the south regions of India. Any adverse developments in these regions could have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may materially and adversely affect the company operations.
- Data collection, data storage, and other data processing in India are subject to strict laws and regulations. Non-compliance with data protection regulations could lead to fines, license revocation, or criminal liabilities, which may adversely affect the company's business, reputation, financial condition, results of operations and cash flows.
- The company may faces asset-liability mismatches, which could affect its liquidity and, consequently, may adversely affect the company operations and profitability.
- The company depends on digital application stores and third-party app marketplaces for the distribution and accessibility of its mobile applications.
- The company may not be able to ensure the accuracy and completeness of product information and the effectiveness of its recommendation of financial products on the company's platform.
- Failures to identify, monitor and manage risks and effectively implement the company's risk management policies could expose it to legal and regulatory liability or cause the company to take inappropriate risks in its operations, thereby adversely affecting the company's business, financial condition and results of operations and cash flows.
- The company's top 10 vendors accounted for 14.76%, 11.87%, 13.89%, 13.82% and 29.76% of its total expenses in the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, respectively. Any deterioration in the company's relationships with, or disruption of the services provided by, such vendors could adversely affect its business, financial condition and results of operations and cash flows.
- Acquisitions, strategic alliances and investments could be difficult to integrate, disrupt the company's business and lower its results of operations and the value of your investment.
- If the company is unable to establish and maintain effective internal financial and operational controls, its business and reputation could be adversely affected.
- The company operations could be adversely affected by disputes with or misconduct by its employees and third party contractors, which in turn could have a material adverse impact on the company's business, financial condition and results of operations and cash flows. Further, the company failures to provide high-quality support services to its users could adversely impact the company operations.
- The company's insurance coverage may not adequately protect it, and this may have an adverse effect on the company's business, reputation, financial condition, results of operations and cash flows.
- The company has been delayed in paying certain statutory dues in the past. Any failures or delay in payment of statutory dues in the future may expose it to statutory and regulatory action, as well as significant penalties, and may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders approval.
- The company's Promoters, Directors, Key Managerial Personnel and Senior Management Personnel have interests in the Company in addition to their remuneration and benefits and reimbursement of expenses.
- Certain sections of this Red Herring Prospectus contain information from the Redseer Report which has been exclusively commissioned and paid for by the company in relation to the Offer and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
- The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operates.
- The company's Statutory Auditor did not audit the financial information of (i) two Subsidiaries as of and for the three-month periods ended June 30, 2026, (ii) two Subsidiaries as of and for the three-month periods ended June 30, 2025, (iii) two Subsidiaries as of and for the year ended March 31, 2026, (iv) three Subsidiaries as of and for the year ended March 31, 2025, and (v) two Subsidiaries as of and for the year ended March 31, 2024.
- The company's ability to pay dividends in the future will depends on its earnings, financial condition, cash flows, capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Any deficiencies in India's telecommunication and internet infrastructure could impair the functioning of the company's technology system and the operation of its business.
- Due to the nature of the company's business, its may be classified as a passive foreign investment company ("PFIC") for U.S. federal income tax purposes. Assuming the company is so classified, U.S. investors in the Equity Shares may be subject to material adverse U.S. federal income tax consequences.
- The company is, and after the Offer will remain, a "foreign owned and controlled" company in accordance with the Consolidated FDI Policy and FEMA Rules and accordingly, the company shall be subject to Indian foreign investment laws.
- The grant of options in future under any employee stock option schemes by the Company will result in a charge to its profit and loss account and may adversely impact the company's results of operations.
- Regulatory cautions on dealing with digital gold may affect the company's ability to distribute, market or retain its digital gold product line, and could adversely affect the company's business, financial condition, results of operations and prospects.
- Stringent regulatory instructions proposed on customer protection in respect of fraudulent electronic banking transactions, may increase the company compliance burden and could adversely affect its business, financial condition, results of operations and prospects.
Moneyview Ltd Peer Comparison
Understand the company’s industry standing
Moneyview Ltd
Onemi Technology Solutions Ltd
PB Fintech Ltd
Face Value
1
1
2
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
3351.16
2179.25
6794.02
EPS-Basis
1.6
46.8
14.58
EPS-Diluted
1.57
21.39
14.46
NAV Per Share
14.57
113.05
158.03
P/E-Basic EPS
---
16.62
120.33
P/E-Diluted EPS
---
---
---
RONW(%)
17.85
20.96
9.17
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 24 Sept 2026 & closes on 28 Sept 2026.
Moneyview Limited was incorporated as 'Whizdm Innovations Private Limited' on August 11, 2014, as a private limited Company with the Registrar of Companies, Karnataka at Bangalore. Name of the Company was changed to 'Moneyview Private Limited' dated May 22, 2025. Upon the conversion of Company into a Public Limited Company, a fresh Certificate of incorporation dated June 10, 2025 was issued by the Central Processing Center and the name was changed to 'Moneyview Limited'.
The Company operate as a digital financial services platform to provide a suite of financial products to its users through a network of Financial Partners. The business functions as a two-sided network, connecting the users seeking financial products with banks, NBFCs, insurers, and other financial institutions offering such products. This platform is built on real time application programming interfaces (APIs), data intelligence and in house technology infrastructure.
In 2014, Puneet Agarwal and Sanjay Aggarwal founded the Company for creating a personalized, responsible, and frictionless financial services platform designed to meet the diverse needs of Middle India. Since inception, the business platform has evolved from a personal finance management application into a multi-product digital financial services platform.
In 2017, Company launched personal loan products in partnership with lending institutions, scaled disbursals. Over time, the Company has expanded across multiple product categories, including insurance, credit cards, digital gold, payments, and earned wage access. It scaled the operations, expanded assets under management and launched new products like insurance, home loan/loan against property, credit cards, digital gold, FD marketplace, BBPS and UPI in 2019. This is how the Company transitioned to a diversified, technology led financial services company.
New products launched in FY 2021 were insurance, home loan/ loan against property, credit cards, digital gold, FD marketplace, BBPS & UPI.
The Company launched the Earned Wage Access (EWA) offering by acquiring Zeo Fin Technology Private Limited in September 2024.
In 2025, Company has launched 8 new products, including earned wage access, home loans and loans against property, credit cards, health and auto insurance, digital gold, fixed deposit marketplace, UPI, and bill payments.
The Company has launched the IPO of 321,082,435 Equity shares of Rs 1 each and raised funds of 1091.6 crore. The size comprise a fresh issue of 220,588,235 Equity shares aggregating to Rs 750 crore and the offer for sale of 100,494,200 Equity shares aggregating to Rs 341.6 crore on September 28, 2026.
Moneyview Ltd IPO will close on 28 Sept 2026.
- Large, growing and sticky user base with a flywheel effect for growth.
- Data driven approach for user segmentation and risk assessment.
- Strong technology and AI capabilities enabling scalable and efficient growth
- Capital-light model with a diversified network of capital partners
- Experienced management team with a track record of building and managing successful businesses.
- Proven business model with sustained growth and improving profitability.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Puneet Agarwal | 133275275 | 8.66 | 119726975 | 6.8 |
| 2 | Sanjay Aggarwal | 159002825 | 10.33 | 145454525 | 8.26 |
| 3 | Sushma Abburi | 8621676 | 0.56 | 8621676 | 0.49 |
| 4 | Chitra Agarwal | 10000000 | 0.65 | 8064600 | 0.46 |
| 5 | Payal Himatsingka | 2000000 | 0.13 | 2000000 | 0.11 |
| 6 | Agarwal Family Trust | 47000000 | 3.05 | 47000000 | 2.67 |
| 7 | Ravindra Abburi | 2325000 | 0.15 | 2325000 | 0.13 |
| 8 | Sandeep Agrawal | 2325000 | 0.15 | 2325000 | 0.13 |
| 9 | Sarita | 2325000 | 0.15 | 2325000 | 0.13 |
| 10 | Tvaya Trust | 1000 | --- | 1000 | --- |
| 11 | Ashwin P Gramopadhye | 2000000 | 0.13 | 2000000 | 0.11 |
- The company's success depends on its ability to attract, engages and monetize new and existing users on the company platform. Any failures to do so could have an adverse impact on its business, financial condition, cash flows and results of operations.
- The company depends on cooperation with its Financial Partners. In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company's top ten Financial Partners contributed to 39.02%, 38.69%, 37.36%, 46.82% and 56.78% of its revenue from operations, respectively. The company's business may be negatively affected if its Financial Partners does not continue their relationship with the company, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The sustained success of the Company is closely linked to the continued contributions of its Key Managerial Personnel, Senior Management Personnel and the company's employees, along with its ability to attract, retain, and motivate talented individuals. In Fiscal 2026, the company paid a one-time non-recurring performance-based incentive to its Managing Director and Chief Executive Officer, Puneet Agarwal, and any inability to effectively manage costs, retention, motivation, or preserve the company organisational culture and core values during its growth journey, may have an adverse impact on the company's business, financial condition, cash flows, results of operations and prospects.
- The company has witnessed rapid growth in the past three years and may not be able to sustain its historical growth levels. Further, the company has a limited operating history across some of its products and services. The company may not be able to sustain its current growth levels in a cost-effective manner, which could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Borrower defaults on loans facilitated through the company's platform may increase its impairment expense and adversely affect the company's financial performance.
- The company Gross Stage 3 Loans comprised 2.72%, 2.58%, 2.74%, 1.88% and 0.94% of its Total Gross Loans as at June 30, 2026, June 30, 2025, March 31, 2026, March 31, 2025 and March 31, 2024, respectively. If borrowers default on their repayment obligations, it may lead to increased levels of Gross Stage 3 Loans, and related provisions and write-offs, and if the company does not have sufficient provisioning coverage, the company may faces an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's brand is critical to its success. If the company is unable to maintain its brand or reputation, user and financial partner acceptance of the company's platform could decline which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company's technology-driven user assessment processes may not be able to effectively identify, monitor or mitigate lending risks, which could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- The company is subject to a stringent regulatory framework that may affect the flexibility of its operations and increase compliance costs and any regulatory action against the company and its employees may result in penalties and/or sanctions that could have an adverse effect on the company's business, prospects, financial condition and results of operations.
- The company incurred negative cash flows from operating activities in the three month period ended June 30, 2025, and Fiscals 2026, 2025 and 2024.
- The company's Material Subsidiary, WFPL, is regulated by the RBI and is subject to the liquidity risk management framework prescribed under the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Asset, Liability Management) Directions, 2025 (the "NBFC - ALM Directions"). These directions, inter alia, prescribe a comprehensive Liquidity Risk Management ("LRM") Framework for non-banking financial companies.
- One of the issuances of non-convertible debentures by WFPL, the company's Material Subsidiary has been down sold by successful applicants in the past, leading to the number of holders of such securities exceeding the prescribed limits under the applicable laws. Accordingly, its may be subject to regulatory action, including penal action, which may adversely affect the company's business and reputation.
- The company's Material Subsidiary, WFPL's failures to comply with the capital adequacy ratios prescribed by the Reserve Bank of India could adversely affect its business, results of operations, cash flows and financial condition.
- Any actual or perceived cybersecurity, data or privacy breach, or regulatory, legislative and policy developments in the area of data privacy and security, could interrupt the company operations and adversely affect its reputation, brand, business, financial condition, cash flows and results of operation. Further, the company integrate its information technology systems with platforms of various third parties and if there is any unauthorised data revision or a failures to maintain data integrity on the part of third parties, or if such third parties does not perform adequately or terminate their relationships with the company, it may severely and negatively impact the company's ability to serve its users, and the company's business, financial condition, cash flows and results of operations could be adversely affected.
- The company's restated profit for the Fiscal 2026 was impacted due to a one-time performance-based incentive paid to its Managing Director and Chief Executive Officer, Puneet Agarwal, which may affect the comparability of the company's financial performance and profitability trends across periods.
- In the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, the company derived 60.79%, 56.53%, 56.68%, 63.56% and 75.64%, respectively, of its total revenue from operations from fees and commission income, on the product offerings facilitated through the company's Financial Partners, and any decrease in the volume of such products or the fees and commission rates the company collect on such transactions could have an adverse impact on its business, financial condition, cash flows, results of operations and prospects.
- Uninterrupted access to the company's technology platform is essential to its business. System failures, interruptions, or the company's inability to keep pace with technological developments could adversely affect the availability or performance of its website, mobile application or platform, and thereby adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The wide variety of payment methods that the company's partners accept subjects it to third-party payment processing-related risks. Any failures of these payment mechanisms could impact consumers ability to pay, which in turn could impact the company's business.
- The company's business is subject to intense competition, and its may fails to compete successfully against existing or new competitors, which may cause the company to lose market share and reduce demand for its products and adversely impact the company's business, financial condition, cash flows, results of operations and prospects.
- The company relies intensively on substantial capital and any disruption in its sources of capital could adversely affect the company's liquidity and financial condition.
- The company's indebtedness and the conditions and restrictions imposed by its financing arrangements may limit the company's ability to grow its business and adversely impact the company's business, results of operations, financial condition, and cash flows.
- Examination report issued by the company's Statutory Auditors discloses certain modifications included in their auditor's report issued on the consolidated financial statements for the years ended March 31, 2026, 2025 and 2024.
- The company has entered into certain related-party transactions in the past, and its may continue to do so in the future that may potentially involve conflicts of interest.
- The company's lease the premises for its offices and the offices of the company's Material Subsidiary, or enters into service provider agreements to uses co-working spaces, and failures to renew its lease agreements and service provider agreements could adversely affect the company's business, financial condition, results of operations, cash flows and prospects. Certain lease arrangements may also not be duly registered or adequately stamped and may not be able to be enforced in the event of a dispute.
- The company will not receive any proceeds from the Offer for Sale portion. Further, the objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institutions or other independent agency. There is no assurance that investments from the company's Net Proceeds will proceed as planned and nor can its guarantee the company will achieve results or outcomes as anticipated.
- A downturn in general economic conditions or disruption in the financial markets in India including a credit crisis, may materially and adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company depends on the accuracy and completeness of information about users for its business. Any misrepresentation, errors in or incompleteness of such information could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- The company's inability to uses software licensed from third parties, including open source software, could negatively affect the company's ability to sell its solutions and subject the company to possible litigation.
- Any non-compliance with mandatory anti-money laundering ("AML"), combating-terrorism financing ("CFT") and KYC laws and regulations could expose it to liability and harm the company's reputation.
- Post the filing of the Draft Red Herring Prospectus, certain complaints have been made against the Company by certain parties to, inter alia, SEBI, the BRLMs and the Registrar to the Offer, as applicable. Such complaints may adversely affect the company's reputation, business and would requires it to incur expenditure in defending such legal claims. There is no assurance that there will not be further complaints against the Company which may divert the time, attention and resources of its management.
- There are outstanding legal proceedings involving certain of the company's Directors and its Subsidiaries. Failures to achieve favourable outcomes may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- The company's inability to protect or uses its intellectual property rights or comply with intellectual property rights of others may have a material adverse effect on the company's business and reputation.
- The company's financial performance is vulnerable to interest rate risk, and an inability to manage its interest rate risk may have a material adverse effect on the company's business, financial condition, cash flows, results of operations and prospects.
- As of June 30, 2026, June 30, 2025 and March 31, 2026, 2025 and 2024, 36.87%, 35.89%, 36.64%, 35.30% and 34.43% of the company Managed AUM are concentrated in the south regions of India. Any adverse developments in these regions could have an adverse effect on its business, financial condition, results of operations and cash flows.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may materially and adversely affect the company operations.
- Data collection, data storage, and other data processing in India are subject to strict laws and regulations. Non-compliance with data protection regulations could lead to fines, license revocation, or criminal liabilities, which may adversely affect the company's business, reputation, financial condition, results of operations and cash flows.
- The company may faces asset-liability mismatches, which could affect its liquidity and, consequently, may adversely affect the company operations and profitability.
- The company depends on digital application stores and third-party app marketplaces for the distribution and accessibility of its mobile applications.
- The company may not be able to ensure the accuracy and completeness of product information and the effectiveness of its recommendation of financial products on the company's platform.
- Failures to identify, monitor and manage risks and effectively implement the company's risk management policies could expose it to legal and regulatory liability or cause the company to take inappropriate risks in its operations, thereby adversely affecting the company's business, financial condition and results of operations and cash flows.
- The company's top 10 vendors accounted for 14.76%, 11.87%, 13.89%, 13.82% and 29.76% of its total expenses in the three month periods ended June 30, 2026 and 2025, and Fiscals 2026, 2025 and 2024, respectively. Any deterioration in the company's relationships with, or disruption of the services provided by, such vendors could adversely affect its business, financial condition and results of operations and cash flows.
- Acquisitions, strategic alliances and investments could be difficult to integrate, disrupt the company's business and lower its results of operations and the value of your investment.
- If the company is unable to establish and maintain effective internal financial and operational controls, its business and reputation could be adversely affected.
- The company operations could be adversely affected by disputes with or misconduct by its employees and third party contractors, which in turn could have a material adverse impact on the company's business, financial condition and results of operations and cash flows. Further, the company failures to provide high-quality support services to its users could adversely impact the company operations.
- The company's insurance coverage may not adequately protect it, and this may have an adverse effect on the company's business, reputation, financial condition, results of operations and cash flows.
- The company has been delayed in paying certain statutory dues in the past. Any failures or delay in payment of statutory dues in the future may expose it to statutory and regulatory action, as well as significant penalties, and may adversely affect the company's business, financial condition, results of operations, cash flows and prospects.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders approval.
- The company's Promoters, Directors, Key Managerial Personnel and Senior Management Personnel have interests in the Company in addition to their remuneration and benefits and reimbursement of expenses.
- Certain sections of this Red Herring Prospectus contain information from the Redseer Report which has been exclusively commissioned and paid for by the company in relation to the Offer and any reliance on such information for making an investment decision in this Offer is subject to inherent risks.
- The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operates.
- The company's Statutory Auditor did not audit the financial information of (i) two Subsidiaries as of and for the three-month periods ended June 30, 2026, (ii) two Subsidiaries as of and for the three-month periods ended June 30, 2025, (iii) two Subsidiaries as of and for the year ended March 31, 2026, (iv) three Subsidiaries as of and for the year ended March 31, 2025, and (v) two Subsidiaries as of and for the year ended March 31, 2024.
- The company's ability to pay dividends in the future will depends on its earnings, financial condition, cash flows, capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Any deficiencies in India's telecommunication and internet infrastructure could impair the functioning of the company's technology system and the operation of its business.
- Due to the nature of the company's business, its may be classified as a passive foreign investment company ("PFIC") for U.S. federal income tax purposes. Assuming the company is so classified, U.S. investors in the Equity Shares may be subject to material adverse U.S. federal income tax consequences.
- The company is, and after the Offer will remain, a "foreign owned and controlled" company in accordance with the Consolidated FDI Policy and FEMA Rules and accordingly, the company shall be subject to Indian foreign investment laws.
- The grant of options in future under any employee stock option schemes by the Company will result in a charge to its profit and loss account and may adversely impact the company's results of operations.
- Regulatory cautions on dealing with digital gold may affect the company's ability to distribute, market or retain its digital gold product line, and could adversely affect the company's business, financial condition, results of operations and prospects.
- Stringent regulatory instructions proposed on customer protection in respect of fraudulent electronic banking transactions, may increase the company compliance burden and could adversely affect its business, financial condition, results of operations and prospects.
The Issue type of Moneyview Ltd is Book Building.
The minimum application for shares of Moneyview Ltd is 441.
The total shares issue of Moneyview Ltd is 321082435.
Initial public offering of 321,082,435 equity shares of face value of Rs. 1 each ("Equity Shares") of Moneyview Limited (the "Company" or the "Issuer") for cash at a price of Rs. 34 per equity share including a securities premium of Rs. 33 per equity share (the "Offer Price") aggregating to Rs. 1091.68 Crores (the "Offer"). The offer comprises a fresh issue of 220,588,235 equity shares of face value of Rs. 1 each by the company aggregating to Rs. 750 Crores ("Fresh Issue") and an offer for sale of 100,494,200 equity shares of face value of Rs. 1 each aggregating to Rs. 341.68 Crores ("Offer For Sale") comprising an offer for sale of 13,548,300 equity shares of face value of Rs. 1 each aggregating to Rs. 46.06 Crores by Puneet Agarwal and 13,548,300 equity shares of face value of Rs. 1 each aggregating to Rs. 46.06 Crores by Sanjay Aggarwal, 1,935,400 equity shares of face value of Rs. 1 each aggregating to Rs. 6.58 Crores by Chitra Agarwal (the "Individual Selling Shareholders") and 16,377,500 equity shares of face value of Rs. 1 each aggregating to Rs. 55.68 Crores by Accel India IV (Mauritius) Limited, 15,356,000 equity shares of face value of Rs. 1 each aggregating to Rs. 52.21 Crores by internet fund iii pte. ltd., 8,011,900 equity shares of face value of Rs. 1 each aggregating to Rs. 27.24 Crores by Accel Growth IV Holdings (Mauritius) Ltd., 10,000,000 equity shares of face value of Rs. 1 each aggregating to Rs. 34 Crores by Crimson Winter Limited, 11,356,900 equity shares of face value of Rs. 1 each aggregating to Rs. 38.61 Crores by RIBBIT Capital, 4,265,600 equity shares of face value of Re. 1 each aggregating to Rs. 14.50 Crores by NLI Strategic Venture Investment Ltd, 3,745,200 equity shares of face value of Re. 1 each aggregating to Rs. 12.73 Crores by IT Jpnin India Holdco Ltd., 2,349,100 equity shares of face value Re. 1 each aggregating to Rs. 7.99 Crores by DI Investment LLC (the "Investor Selling Shareholders").
Price Band: Rs. 34 per equity share bearing face value of Rs. 1 each.
The floor price is 34 times of the face value of the equity shares.
Bids can be made for a minimum of 441 equity shares of face value of Rs. 1 each and in multiples of 441 equity shares of face value of Rs. 1 each thereafter.