IPO Alert: GMP Rises 38% on Final Day of Subscription; Check the Latest Update


Posted on 28th Sep 2026 04:18 pm by rohit kumar

The Moneyview IPO is witnessing strong demand on the final day of bidding, with the ₹1,091.68-crore public issue attracting substantial investor interest. The IPO opened for subscription on September 24 and closes on September 28, with shares scheduled to list on the NSE and BSE on October 1, subject to the IPO timetable.

 

The latest grey market premium (GMP) for the Moneyview IPO stood at around ₹13 per share, according to an IPO market tracker. Against the upper price band of ₹34, this indicates an estimated listing price of approximately ₹47 and an implied premium of 38.24%. However, GMP is an unofficial and unregulated indicator and does not guarantee the actual listing price or post-listing returns.

 

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Moneyview IPO Subscription Status

 

The Moneyview IPO has seen strong subscription momentum, particularly from non-institutional investors.

 

Exchange-linked data showed the issue had crossed 10 times subscription by 10:45 AM on September 28, with the NII portion subscribed 30.09 times and the retail portion 7.65 times at that point. Later data showed subscription moving significantly higher during the afternoon.

 

Since subscription numbers can change throughout the final trading session, the latest exchange data should be checked before publication.

 

Moneyview IPO GMP Today

 

The latest GMP is around ₹13, compared with the IPO's upper price band of ₹34.

 

Particular Moneyview IPO

IPO Upper Price Band ₹34

Latest GMP ₹13

GMP as % of Upper Band 38.24%

GMP-Implied Price ₹47

Tentative Listing October 1, 2026

 

A ₹13 GMP over the ₹34 issue price represents a potential 38.24% premium based solely on the grey-market indication. This should not be treated as a guaranteed listing gain because GMP can change before listing and the actual market price is determined by trading on the exchanges.

 

Moneyview IPO Price, Lot Size and Investment

 

The Moneyview IPO has a price band of ₹32 to ₹34 per share and a lot size of 441 shares.

 

At the upper price band, a retail investor needs ₹14,994 to apply for one lot.

 

The ₹1,091.68-crore issue consists of a ₹750-crore fresh issue and an Offer for Sale (OFS) worth ₹341.68 crore.

 

How Will Moneyview Use the IPO Funds?

 

Moneyview plans to use a significant portion of the fresh issue proceeds to support its lending-related operations.

 

Around ₹325 crore is proposed to be deployed towards growth in loan disbursals under default loss guarantee (DLG) arrangements. Another ₹250 crore is earmarked to strengthen the capital base of its subsidiary, Whizdm Finance, with the balance intended for general corporate purposes.

 

What Does Moneyview Do?

 

Moneyview is a Bengaluru-based fintech company established in 2014. Its digital financial services platform connects consumers with banks, NBFCs, insurers and other financial institutions.

 

The company's offerings include personal loans, insurance, credit cards, digital gold and other financial products. Personal loans remain one of its key business segments.

 

The company uses technology and data analytics as part of its digital financial-services platform and credit assessment processes.

 

Moneyview Financial Performance

 

Moneyview reported a significant improvement in its June 2026 quarter performance.

 

According to Moneycontrol, consolidated net profit rose to ₹173.8 crore in the June 2026 quarter from ₹67.2 crore in the year-earlier period. Revenue from operations increased 50.2% year-on-year to ₹1,041.1 crore.

 

For FY2026, the company reported profit of ₹244.1 crore, while revenue increased 43.3% to ₹3,351.2 crore, according to the same report.

 

Moneyview IPO Listing Date

 

The IPO is scheduled to close on September 28, followed by the expected basis of allotment on September 29.

 

Refunds and share credits are scheduled for September 30, while the shares are expected to list on October 1, 2026, on both NSE and BSE.

 

Moneyview IPO: What Investors Should Know

 

The Moneyview IPO is attracting attention because of its strong subscription levels and the premium indicated by the grey market.

 

However, investors should not consider the GMP-implied ₹47 price as a guaranteed listing price. GMP is an unofficial market indicator and can move sharply before the actual listing.

 

Investors should also examine Moneyview's financial performance, IPO valuation, use of funds, business model and risks rather than relying solely on grey-market trends.

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