2 hrs ago
Moneyview IPO Subscription Reaches 3.55X On Second Day
Moneyview is selling shares to the public through an IPO.
By the second day, investors had requested more than three times the shares available.
Non-institutional investors showed the strongest demand.
Retail investors also applied for more shares than their reserved portion.
Large institutional investors had made relatively few bids at that point.
The price for each share is between ₹32 and ₹34.
Moneyview plans to use some new money to support loans and strengthen its finance subsidiary.
The shares are scheduled to begin trading on October 1.
Moneyview’s ₹1,092 crore IPO was subscribed 3.55 times by 13:15 IST on its second bidding day.
Non-institutional investors led demand with 7.77 times subscription, while their ₹2 lakh–₹10 lakh segment reached 10.08 times.
Retail investors subscribed 3.67 times, whereas qualified institutional buyers subscribed only 0.09 times.
The IPO has a ₹32–₹34 per-share price band and includes a ₹750 crore fresh issue plus an offer for sale.
Moneyview plans to use proceeds for loan disbursals, Whizdm Finance’s capital base and general corporate purposes.
- Who
- Moneyview, its promoters and investors, and prospective public-market investors.
- What
- Moneyview’s ₹1,092 crore initial public offering was subscribed 3.55 times on its second bidding day.
- Where
- The IPO is being offered through the Indian stock exchanges, with subscription data reported from BSE.
- When
- By 13:15 IST on the second day of bidding; the IPO closes on September 28 and is scheduled to list on October 1.
- Why
- Moneyview is raising funds for loan disbursals, to strengthen Whizdm Finance’s capital base and for general corporate purposes.
Key facts
- IPO size
- ₹1,092 crore at the upper end of the price band
- Subscription
- 3.55 times by 13:15 IST on the second bidding day
- Price band
- ₹32–₹34 per share
- NII subscription
- 7.77 times
- Retail subscription
- 3.67 times
- QIB subscription
- 0.09 times
- Scheduled listing
- October 1
Sources
Related news
Moneyview IPO Opens With Strong Growth and Broker Support
NSE IPO Fully Subscribed on Day Two After Strong Demand
NSE IPO Fully Subscribed on Day Two as Institutions Lead
NSE IPO Closes 5.7 Times Subscribed Ahead of BSE Listing
NSE’s Rs 22,569-Crore IPO Opens With 9% Subscription
NSE IPO Ends 5.71x Subscribed as Institutional Bidding Leads
NoBroker Builds Real Estate Platform By Cutting Out Brokers
NoBroker Revenue Tops ₹1,000 Crore, Targets Profitability Within Months
Institutional investors cautious on tech favorites in quarterly 13F filings
Hedge Funds Take Steep July Losses as AI Stocks Tumble
