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 is ₹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 11 worth checking.

Read closely

1. Contingent liabilities
2. Main objects amended during the period of its financial record
3. Payments to insiders are high relative to profit
4. 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.
• 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.
• 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 offer price of ₹34 is 0.53 times the last issue price (₹64.15, 11 Mar 2025).

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; group companies with no revenue. 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.