Moneyview IPO: Price Band, GMP, Lot Size and Full Analysis

Moneyview, India's largest full-stack digital lending platform by AUM, is raising ₹1,092 crore through a mainboard IPO in a price band of ₹32 to ₹34 per share. The issue opens on 24 September 2026 and closes on 28 September. With a grey market premium of around 41%, it's one of the most-watched fintech listings of the season. Here's everything you need to know.

Moneyview IPO at a glance

How much can you apply for?

Grey market premium (GMP)

The Moneyview GMP is currently ₹14, up ₹3 since 23 September. At the upper band of ₹34, that points to an estimated listing price of about ₹48, a gain of roughly 41%.

Allotment chances, estimated from current subscription figures, are:

• Retail: 68%
• S-HNI: 63%
• B-HNI: 63%

These will fall as subscription builds over the next few days.

About the company

Moneyview runs a branchless, tech-first digital lending platform. It combines a loan marketplace that connects borrowers with partner lenders and its own captive NBFC for underwriting. Key numbers:

• Over 140 million registered users and 11.9 million monetised users
• Managed AUM of more than ₹22,520 crore (₹225,200 million) as of June 2026
• About 2 lakh loan applications processed every day, with minimal human involvement
• 48 financial partners connected through API integrations
• Products beyond personal loans: fixed deposits, digital gold, insurance, earned wage access and UPI

Financial highlights

Growth has been rapid. Revenue grew 74.25% in FY2025 and 43.26% in FY2026. The company reports the highest PBT and income CAGR among its digital lending peers, with loss rates below industry benchmarks.

Strengths

1. Scale and market leadership. It is the largest full-stack digital lending platform in India by AUM.
2. Profitable growth. Net profit is ₹242.7 crore and ROE is close to 30%, which is rare among Indian fintechs.
3. Improving credit quality. The annualised loss rate fell to 6.95% in FY2026, even as the wider industry faced credit headwinds.
4. A dual business model. The marketplace-plus-NBFC structure earns both fee income and interest income.
5. Diversification. It is building a wider financial-services platform on top of personal loans.
6. Experienced management. The founders combine deep technology skills with financial-services experience.

Risks to watch

• Credit risk. Unsecured personal loans are exposed to borrower defaults and rising Stage 3 (non-performing) loans, especially in an economic slowdown.
• Partner dependence. Fee and credit revenue relies heavily on its top lending partners.
• Regulatory risk. RBI rules on digital lending and on risk weights for unsecured credit keep tightening and could hit growth or margins.
• Negative operating cash flows in some past years, which is typical of a growing lender but worth watching.
• Leverage. A debt-to-equity ratio of 2.27x leaves it sensitive to interest-rate changes.
• Competition from banks, NBFCs and other fintech platforms.
• Technology risk. Platform outages, cyber-security breaches or errors in its algorithmic underwriting models could all cause damage.

IPO Milega score: 7.4 / 10 (Strong)

The profitability of allotment scores 7/10.

Our take

Moneyview stands out among recent fintech IPOs for the combination of scale, profitability and improving asset quality. The low price band (₹32–34) keeps the minimum investment under ₹15,000. A rising GMP of about 41% suggests strong listing-day interest. The main things to track are credit cycles in unsecured lending and RBI regulation. Long-term investors should weigh those against the growth story, and listing-gain seekers should watch how subscription builds through 28 September.

👉 See the live GMP, subscription status and allotment chances on IPO Milega.

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Disclaimer: This article is for information and education only. It is not investment advice or a recommendation to buy or sell any security. Please read the Red Herring Prospectus and consult a SEBI-registered advisor before investing. GMP is unofficial and can change quickly.