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IPO● Neutral for Indian equities
Moneyview IPO draws 1.44 times subscription on Day 1; Day 2 demand reaches 6 times
The brief
- The ₹1,092 crore IPO was subscribed 1.44 times at the end of Day 1
- Moneycontrol reported subscription reached 6 times on Day 2
- The listing will test investor appetite for fintech offerings; no listed Indian company is directly exposed
- Moneyview IPO Day 3: GMP signals 41% listing premium, issue subscription reaches 6x. Should you apply?
- IPO GMP Today: Moneyview Shows Higher Implied Listing Gain Than A-One Steels; Check Latest GMP
- IPO GMP: Moneyview, A One Steels, Orient Cable, German Green, Ace Vector, Runwal - check subscription, allotment date
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Moneyview's ₹1,092 crore IPO
Digital lending platform Moneyview launched a ₹1,092 crore IPO, which received 1.44 times subscription on its first day. Reports highlighted grey-market premiums as high as 45.59% and described its portfolio as concentrated in unsecured personal loans.
Saturday, 26 September
Friday, 25 September
Thursday, 24 September
- Moneyview IPO draws 1.44 times subscription on Day 1; Day 2 demand reaches 6 times