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Moneyview IPO Subscribed 65% On Day 1 So Far, Retail Portion At 93%

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Moneyview IPO Subscribed 65% On Day 1 So Far, Retail Portion At 93%

Digital lender Moneyview’s ₹1,092 Cr IPO was subscribed 65% by 12:48 IST on the first day of bidding today. The public issue received bids for 15.19 Cr shares against 23.25 Cr shares on offer, according to BSE data.

Retail investors led the demand, placing bids for 10.89 Cr shares against the 11.72 Cr shares reserved for them. This translated into a subscription of 93%.

The portion reserved for non-institutional investors (NIIs) was subscribed 85%, receiving bids for 4.29 Cr shares against 5.02 Cr shares on offer. Within the category, the portion reserved for investors bidding between ₹2 Lakh and ₹10 Lakh was subscribed 1.33 times. Meanwhile, the portion for bids exceeding ₹10 Lakh was subscribed 62%. 

The qualified institutional buyers (QIBs) portion received bids for only 41,895 shares against the 6.51 Cr shares reserved for the category.

Moneyview has fixed the IPO price band at ₹32-₹34 per share. At the upper end of the price band, the IPO values the company at around ₹5,985 Cr ($624 Mn).

The public issue comprises a fresh issue of shares worth up to ₹750 Cr and an OFS of up to 10.05 Cr shares, amounting to around ₹341.7 Cr at the upper end of the price band.

The IPO will close on September 28 (Monday), while the company’s shares are scheduled to list on the stock exchanges on October 1 (Thursday).

Ahead of the IPO, Moneyview raised ₹327.5 Cr from anchor investors by allotting 9.63 Cr equity shares at ₹34 apiece.

7 Cr.



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