Moneyview

Adds details throughout

Oct 1 (Reuters) - Accel-backed digital financial platform Moneyview MONV.NS soared as much as 76% in its Indian market debut on Thursday, as investors were drawn to its relatively attractive valuation and exposure to the country's expanding digital-lending market.

The stock last traded 67% higher at 56.75 rupees, valuing the company at 105 billion rupees ($1.09 billion).

Here are more details:

• The stock listed at 55 rupees on the National Stock Exchange of India, compared with its IPO price of 34 rupees per share.

• The $114 million IPO received bids for 98.5 times the shares on offer, led by institutional investors and high-net-worth individuals.

• The Bengaluru-based fintech company provides access to personal loans through a network of financial partners, including its non-banking financial company (NBFC) subsidiary, Whizdm Finance.

• The company has expanded to credit cards, home loans, insurance, and payments, managing assets worth 225.2 billion rupees for the quarter ended June 30, 2026.

• "At 20-22x P/E, the stock trades at a significant discount to the 82x industry composite, making the valuation relatively attractive," Swastika Investmart said in a note last week.

• Moneyview's listing comes in a busy primary market, with companies rushing to tap strong domestic investor demand.

• The IPO comprised a fresh issue of shares worth 7.5 billion rupees and an offer for sale of up to 100.49 million shares from existing investors.

• The fintech platform plans to use IPO proceeds to drive growth in loan disbursals, invest in a subsidiary and fund general corporate purposes.

($1 = 95.9450 Indian rupees)

(Reporting by Vivek Kumar M and Saikeerthi in Bengaluru; Editing by Rashmi Aich)

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