Digital lending platform Moneyview’s IPO saw strong investor demand, with the issue subscribed 98.5X on the final day of bidding. Qualified institutional buyers (QIBs) led the demand, with their portion subscribed over 227X. Moneyview’s initial public offering (IPO) was open for subscription from September 24-September 28, with a price band of Rs 32-34 and a minimum investment of Rs 14,112 for a lot size of 441 shares. The IPO comprises a fresh issue of Rs 750 crore and an offer-for-sale (OFS) of up to 10.04 crore shares. At the upper price band, the issue is valued at around Rs 6,000 crore. According to exchange data, the QIB portion was subscribed 227.5X, followed by non-institutional investors (NIIs) at 115.4X, while the retail portion saw 19.6X subscription. Ahead of the IPO opening, Moneyview raised Rs 327.5 crore from anchor investors. The anchor book featured a mix of leading domestic mutual funds and global institutional investors including ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund Goldman Sachs, Amundi Funds, 360 ONE, HDFC Life and others. The company plans to deploy Rs 325 crore from the fresh issue towards loan disbursals, while Rs 250 crore will be infused into its NBFC subsidiary, Whizdm Finance. The remaining proceeds will be used for general corporate purposes. Founded by Puneet Agarwal and Sanjay Aggarwal, Moneyview offers financial products including personal loans, insurance, credit cards, and digital gold through its network of banks, NBFCs,…

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