Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
Proprietary Multi-Factor Moat Model
Synthesizing institutional thesis...
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹14994
HNI (Min Lot)
sNII / High Net-Worth Tier
₹209916
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
30%
Market Maker
0%
QIB
20%
NII / HNI
15%
Retail
35%
Institutional Corporate Dossier
Moneyview
COMPANY PROFILE & DNA
Incorporation / Founded
11/8/2014
Active Vintage
Corporate Headquarters
Bangalore, Karnataka
Registered Hub
👔 Leadership & Promoter Group
Key Management
Puneet Agarwal, Sanjay Aggarwal, Sushma Abburi
⚙️ Business Overview & Portfolio
Core Offerings
Consumer-focused digital credit platform for Middle India, offering personalized financial products.
🎯 Target Market & End-Use
Revenue Drivers
Personal loans, EWA, secured loans, credit cards, digital gold, fixed deposits, insurance, UPI, bill payments.
🛡️
★ Unique Selling Proposition (Core Economic Moat)
Large, growing, sticky user base with data-driven AI/ML for scalable, capital-light financial services.
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Investment to drive growth in loan disbursals under DLG arrangements
₹ 325.00
Allocation
🎯 Objective 02
Investment in WFPL for augmenting its capital base
₹ 250.00
Allocation
🎯 Objective 03
General corporate purposes
₹ 187.50
Allocation
🎯 Objective 04
Not Mentioned
Not Mentioned
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 3404.27 | 2378.53 | 1389.24 | 0.00 |
| EBITDA | 959.04 | 689.03 | 323.84 | 0.00 |
| Profit After Tax (PAT) | 242.71 | 240.28 | 171.15 | 0.00 |
| Net Worth | 2225.42 | 1918.66 | 1606.64 | 0.00 |
| Total Borrowing | 5157.04 | 3413.37 | 1708.92 | 0.00 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
2378.53
₹ Cr
YoY Growth
71.21%
3-Year CAGR
0.00%
689.03
₹ Cr
YoY Growth
112.77%
3-Year CAGR
0.00%
240.28
₹ Cr
YoY Growth
40.39%
3-Year CAGR
0.00%
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 12.52% | 10.65% | 7.73% | Consistent |
| ROCE (Capital Employed)ROCE | 12.92% | 9.77% | 7.56% | Consistent |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.17
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 1.78 | 1.93 | Moderate |
| EPS (₹) | ₹ 1.37 | ₹ 3.95 | Accretive |
| ROE (%) | 12.52% | 9.00% | Bad |
| ROCE (%) | 12.92% | 8.80% | Bad |
| P/E (Valuation) | 24.91x | 8.61x | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY23
FY24
FY25
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 1060.78 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| Moneyview IPO CANDIDATE | 2378.53 | 8.61 (Ask) | 12.92% | 9.00% (Post Issue) | 28.97% |
| OnEMI Technology Solutions Limited | ₹ 2209.13 Cr | 16.62 | 0.00% | 20.96% | 17.05% |
| PB Fintech Limited | ₹ 7166.45 Cr | 120.33 | 0.00% | 9.17% | 9.87% |
| One97 Communications Limited | ₹ 9291.00 Cr | 213.45 | 0.00% | 4.61% | 8.27% |
| Bajaj Finance Limited | ₹ 81989.50 Cr | 33.66 | 0.00% | 17.19% | 31.81% |
| SBI Cards and Payment Services Limited | ₹ 20707.62 Cr | 27.98 | 0.00% | 13.72% | 14.07% |
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Large, growing and sticky user base
- Data-driven AI/ML for user segmentation and risk assessment
- Strong technology and AI capabilities for scalable growth
- Capital-light model with diversified capital partners
Weaknesses
Internal Operational Constraints
- Dependence on attracting and monetizing users
- Reliance on Financial Partners' cooperation
- Dependence on Key Managerial Personnel and employees
- Limited operating history for some products
Opportunities
External Growth Tailwinds
- India's economic expansion and rising private consumption
- Growing digital infrastructure and online consumer economy
- Expansion of unsecured personal lending via digital platforms
- Untapped Middle India market for formal credit
Threats & Risks
External Macro & Sector Headwinds
- Regulatory uncertainty and structural shifts
- Capital access and liquidity risk
- Rising delinquencies and credit quality deterioration
- Profitability pressure from high customer acquisition costs
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
55
The company benefits from strong entry barriers, market leadership in digital lending, and high client stickiness, despite significant working capital requirements.
30
0
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-