Digital lending platform Moneyview has downsized its IPO fresh issue to Rs 750 crore from the original Rs 1,500 crore. The decision follows recent SEBI regulatory updates, while the company refocuses its capital strategy. Several institutional investors have also adjusted their exit plans for the public offer.
Digital lending firm Moneyview has revised its upcoming IPO strategy, cutting its fresh issue component by 50%. The company will now raise Rs 750 crore through new shares, down from the earlier plan of Rs 1,500 crore. This adjustment follows regulatory amendments by the Securities and Exchange Board of India (SEBI) that permit companies to modify fresh issue sizes without the need to refile primary offering documents.
As of December 31, 2025, Moneyview reported a net profit of Rs 210 crore on revenue of Rs 2,373 crore for the nine-month period. The company, which operates as a bridge between borrowers and financial institutions, held Assets Under Management (AUM) of Rs 19,814 crore at the time. With this public issue, Moneyview aims to reinforce its lending business. A significant portion of the fresh proceeds—Rs 325 crore—is earmarked for loan disbursals under Default Loss Guarantee (DLG) arrangements, a key part of its credit model. Additionally, Rs 250 crore is planned for investment in its subsidiary, Whizdm Finance, to strengthen its capital base.
The offer-for-sale (OFS) portion of the IPO has also been reduced. The total number of equity shares on offer is now 10.04 crore, down from the previous 13.6 crore. While founders Puneet Agarwal and Sanjay Aggarwal remain committed, the participation from existing investors has changed. Notable institutional investors, including Accel, Crimson Winter, and Ribbit Capital, have scaled back their planned divestments. Apis Partners has exited the list of selling shareholders entirely, while Chitra Agarwal has been added to the offering with a plan to sell 19.35 lakh shares.
Investors tracking the digital lending space typically monitor several operational risks. Moneyview has a significant dependence on a limited number of financial partners, which contributes a large portion of its revenue. Because the platform focuses on unsecured loans for borrowers with limited credit history, known as 'thin-file' borrowers, the company must manage credit risk carefully. The sector is also subject to evolving regulatory oversight, and market volatility can influence both loan demand and repayment trends. The scalability of the company’s hybrid model, which mixes lending service provider activities with balance sheet lending through its NBFC subsidiary, will be a central point for long-term performance.
Moving forward, the primary monitorable for investors will be the updated timeline for the public issue and further details on the company's capital deployment strategy.