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Moneyview Shares Debut 64% Above IPO Price After Strong Demand
Moneyview is a company that offers financial services through a mobile app.
It sold shares to the public in an IPO.
The IPO was open from September 24 to September 28.
The shares were offered at Rs 32-34 each.
Many investors wanted to buy the shares.
Overall, the IPO was subscribed 98.46 times.
When trading began, the shares were priced 64% higher than the IPO price.
This gave early investors a large listing gain.
Moneyview shares listed at a 64% premium to their IPO price.
The company raised Rs 1,092 crore through its September 24-28 IPO.
The issue was priced at Rs 32-34 per share, with a 441-share lot size.
The IPO was subscribed 98.46 times, receiving bids worth Rs 77,850 crore.
Moneyview provides digital financial services including personal loans, credit tracking, and financial management.
- Who
- Moneyview, a Bengaluru-based fintech company, and investors who participated in its IPO.
- What
- Moneyview shares debuted at a 64% premium after the company raised Rs 1,092 crore through an IPO.
- Where
- The shares were listed on the stock market, with subscription data reported by the BSE.
- When
- The IPO was open for bidding from September 24 to September 28; the shares debuted afterward.
- Why
- Moneyview conducted the IPO to raise capital through a Rs 750 crore fresh issue and an offer-for-sale worth Rs 342 crore.
Key facts
- Listing gain
- Moneyview shares debuted at a 64% premium.
- IPO size
- Rs 1,092 crore.
- Fresh issue
- Rs 750 crore.
- Offer for sale
- Up to 10.05 crore shares worth Rs 342 crore.
- Issue price
- Rs 32-34 per share.
- Overall subscription
- 98.46 times.
- Grey market premium
- Rs 12-15 per share after the issue closed, with an earlier indication of Rs 14-14.5.
Sources
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