Moneyview IPO sees 3.55X subscription on Day 2, led by NII demand
Digital lender Moneyview’s ₹1,092 crore IPO was subscribed 3.55X on Day 2. Non-institutional investors bid 7.77X, retail investors 3.67X and QIBs 0.09X. The issue closes September 28, with listing scheduled for October 1.
What happened
Indian digital lender Moneyview’s ₹1,092 Cr IPO was subscribed 3.55X on day two, led by NIIs at 7.77X. Retail investors subscribed 3.67X, while QIB demand
Key facts
- ₹1,092 Cr IPO
- 3.55X subscribed on day 2
- NII subscription: 7.77X
- Retail subscription: 3.67X
- QIB subscription: 0.09X
What changed
Indian digital lender Moneyview’s ₹1,092 Cr IPO was subscribed 3.55X on day two, led by NIIs at 7.77X. Retail investors subscribed 3.67X, while QIB demand remained at 0.09X. Proceeds will support lending guarantees and NBFC capital.
Why this matters
Day 2 demand of 3.55X, led by 7.77X NII participation while QIB interest remains at 0.09X, points to robust high-risk appetite but limited institutional validation so far.
What to watch
- Final subscription multiple, especially whether QIB demand crosses 1X and rises materially above the Day 2 level.
- Any extension, price-band revision, anchor-book update or regulatory disclosure before close.
- NII demand quality, including whether late bidding appears concentrated among leveraged applicants.
- Grey-market premium direction between issue close and October 1 listing.
- Listing-day opening versus issue price, first-hour turnover, and ability to hold gains through the close.