Moneyview Limited
Red Herring Prospectus dated September 20, 2026
Summary
Moneyview Limited is proposing to raise ₹750.00 crore through a fresh issue of shares, alongside an offer for sale of 10,04,94,200 shares by existing shareholders. The price band is ₹32 to ₹34 per share.
About 43% of the fresh issue proceeds go to investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements, and about 33% 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 4 points to read closely and 14 worth checking.
Read closely
- Contingent liabilities
- Main objects amended during the period of its financial record
- Payments to insiders are high relative to profit
- Interim period profit far ahead of the last full year
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, none stated as linked to the promoters), 0.4% of the pre-issue capital, at 1.3 times the price of the previous issue 17 months earlier; it came 18 months before this prospectus.
- From the first priced issue (11 Aug 2014, ₹0.0033 in today's shares) to the last, the price per share rose 19282 times over 11 years.
- The price band of ₹32 to ₹34 is 0.50 to 0.53 times the last issue price.
Conclusion
Of the 4 points to read closely, 3 concern the promoters, management and their dealings (contingent liabilities; main objects amended during the period of its financial record; payments to insiders are high relative to profit) and 1 concerns the financial statements. These could not be scored automatically and need reading: group entities in the same business; guarantees given for group entities; promoters have limited experience in this business. These wait for the price and the final share count: low promoter holding after the issue. The pages to read are 3, 207, 273, 276–277, 362 and 373.