Moneyview Limited

Draft Red Herring Prospectus dated March 3, 2026

Summary

Moneyview Limited is proposing to raise ₹1,500.00 crore through a fresh issue of shares, alongside an offer for sale of 13,60,95,900 shares by existing shareholders. The document does not yet state the price.

About 59% of the amounts stated for the objects go to investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements, and about 41% to investment in WFPL, its Material Subsidiary, for the purpose of augmenting its capital base. The amount for general corporate purposes is not yet stated.

The review found 2 points to read closely and 11 worth checking.

Read closely

1. Contingent liabilities
2. Main objects amended during the period of its financial record

How the capital was built

• The last priced issue of shares was a fundraise in 2 allotments between 17 Sept 2024 and 11 Mar 2025: 60,23,383 shares to non-promoter investors at ₹64.15 each (4 allottees); it came 12 months before this prospectus.
• Later allotments to employees or an employee trust (1, the latest on 24 Feb 2026 at ₹1 a share) are not counted as priced issues, since their price is set for staff rather than agreed with investors.

Conclusion

Of the 2 points to read closely, 2 concern the promoters, management and their dealings (contingent liabilities; main objects amended during the period of its financial record). These could not be scored automatically and need reading: group entities in the same business; guarantees given for group entities; group companies with no revenue. These wait for the price and the final share count: shares issued shortly before the IPO at a deep discount to the issue price; low promoter holding after the issue; issue price is a large multiple of promoters' cost. The pages to read are 3, 251, 253, 342 and 390.