Strong Profit Growth Prompted Moneyview to Reduce IPO Size: MD & CEO Agrawal

Strong profit growth prompted Moneyview to reduce IPO size: MD & CEO Agrawal

Moneyview reduced its public offer to Rs 1,092 crore from Rs 1,500 crore. This decision stems from robust profit growth and adequate internal cash generation. The company fixed its price band at Rs 32-34 per equity share for the IPO. The IPO comprises a fresh issue and an offer for sale by existing shareholders. Proceeds will fuel lending business growth and new product development.

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

India’s Moneyview seeks up to $624M valuation in trimmed IPO

Indian fintech Moneyview is seeking a valuation of up to about $624 million in an initial public offering scheduled to open September 24 after reducing the size of the planned deal.

Moneyview Sets ₹32-₹34 Price Band For ₹1,092 Cr IPO

Moneyview has set a ₹32–₹34/share price band for its ₹1,092 Cr IPO, valuing the fintech unicorn at up to ₹5,985 Cr