Digital lending platform Moneyview cuts IPO size; fresh issue halved to Rs 750 crore

New business data points to the fact that Digital lending platform Moneyview, backed by Accel, Ribbit Capital, Tiger Global Group, and Apis Partners, has decided to reduce the size of its public offering following approval from capital markets regulator SEBI, without refiling its draft red herring prospectus (DRHP).

According to a notice to market participants dated September 14, the fresh offering size has been halved to Rs 750 crore from Rs 1,500 crore. In the meantime, the offer-for-sale (OFS) portion has been reduced to 10.04 crore equity shares from the 13.6 crore shares proposed in the DRHP.

The firm filed its draft IPO documents with SEBI in March 2026, and the regulator approved the draft papers in July 2026.

In April 2026, SEBI introduced a rule allowing firms to reduce their fresh offering size by up to 50% without refiling their DRHP. Following the rule change, Moneyview filed an application with SEBI on September 3 seeking approval to reduce the size of its fresh offering.

SEBI approved the application on September 10, following which the firm reduced its fresh offering size. The OFS portion was additionally reduced due to changes in the number of equity shares offered by certain selling shareholders, Moneyview stated in its notice.

Under the revised OFS plan, promoters Puneet Agarwal and Sanjay Aggarwal have not changed the number of shares they are offering. That stated, market participants Crimson Winter, Internet Fund III, Accel, NLI Strategic Venture Investment, TI JPNIN India Holdco, and Ribbit Capital have reduced the number of shares offered in the OFS.

Puneet Agarwal's wife, Chitra Agarwal, has additionally decided to sell 19.35 lakh shares through the OFS, while Apis Partners has withdrawn from the list of selling shareholders.

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Accel is the largest shareholder in Moneyview, with a 21.89 percent stake, followed by Tiger Global Group with a 13.79 percent stake, promoter Sanjay Aggarwal with a 10.33 percent stake, and Ribbit Capital with a 10.2 percent stake.

The objectives of the fresh offering have additionally been revised. The firm plans to utilise Rs 325 crore of the net fresh-offering proceeds to drive expansion in loan disbursals under default loss guarantee (DLG) arrangements, while Rs 250 crore will be invested in subsidiary Whizdm Finance to augment its capital base. The remaining proceeds will be used for general corporate purposes.

Moneyview operates as a digital financial services platform that provides financial products through a network of financial partners. Its platform connects users seeking financial products with banks, NBFCs, insurers, and other financial institutions that offer such products.

Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Firm have been appointed as merchant bankers to manage the Moneyview IPO.

In recent months, Hero Motors, Juniper Green Energy, Indo-MIM, Runwal Enterprises, and Rayzon Solar have additionally reduced their public offering sizes following SEBI's new rule.