Moneyview raises $34M from anchor investors ahead of IPO
What's the deal? Digital lending platform moneyview raised US$44.5M (≈$34 million) from anchor investors on Wednesday, ahead of its US$14.8-crore initial public offering. The company allotted 9.63 crore equity shares to 20 funds at US$0.46 each, the top of its IPO price band.
Who's backing it? Anchor investors included SBI Mutual FundDealroom has a profile for this one. Try Dealroom →, HDFC Mutual FundDealroom has a profile for this one. Try Dealroom →, ICICI Prudential Mutual FundDealroom has a profile for this one. Try Dealroom →, Goldman SachsDealroom has a profile for this one. Try Dealroom →, Mirae AssetDealroom has a profile for this one. Try Dealroom →, Motilal Oswal Mutual FundDealroom has a profile for this one. Try Dealroom →, Aditya Birla Sun Life Mutual Fund, India Acorn FundDealroom has a profile for this one. Try Dealroom →, Quant Mutual FundDealroom has a profile for this one. Try Dealroom →, Amundi FundsDealroom has a profile for this one. Try Dealroom →, and HDFC LifeDealroom has a profile for this one. Try Dealroom →.
Why now? The anchor allotment landed a day before the IPO opened, a standard move to lock in institutional demand and set pricing momentum for the broader offering.
The signal: Pricing at the top of the band, with a roster spanning domestic mutual funds and global names like Goldman Sachs, points to solid appetite for India's digital lending sector as it heads to public markets.
Image credit: Håkan Dahlström
