Moneyview shares list at 62% premium on NSE; here's how much investors made per lot

The stock started trading at ₹55 per share on the National Stock Exchange. This reflects a premium of 61.76% over the IPO issue price of ₹34 apiece.

On the BSE, the scrip is listed at ₹55.61 per unit, up 63.56% from the issue price.

Moneyview share price: Here's how much investors made per lot

The initial share sale was subscribed 98.46 times, as investors applied for 22,89,51,64,593 shares against 23,25,24,175 shares on offer, as per the NSE data.

The qualified institutional buyers (QIBs) portion was subscribed a massive 227.45 times. The non-institutional investors' category was booked 115.41 times, while the retail investors' part was subscribed 19.57 times.

The ₹1,091.68 crore initial public offer consisted of a fresh issue of ₹750 crore and an offer-for-sale (OFS) component of ₹341.68 crore by existing shareholders.

The funds raised will be utilised to support the company's lending operations, augment the capital base of its NBFC subsidiary and general corporate purposes.

"Our company expects to receive the benefits of listing of the equity shares on the Stock Exchanges, including, among other things, enhancement of our company's brand name among existing and potential customers and creation of a public market for the equity shares in India," the firm said in its red herring prospectus (RHP).

Moneyview, founded in 2014, is a financial technology company that provides financial products across borrowing, investments, transactions and protection segments through its mobile platform.

Beyond personal loans, the company also offers home loans, earned wage access, loans against property, digital gold and UPI transactions.