India, March 4 -- Fintech unicorn Moneyview has filed its DRHP with the Securities and Exchange Board of India (SEBI) for an IPO.

The proposed IPO will comprise a fresh issue of shares worth Rs.1,500 Cr and an offer for sale (OFS) of up to 13.61 Cr equity shares by existing shareholders.

The net proceeds from the fresh issue will be used to support the growth of its lending business. Of the Rs.1,500 Cr, Rs.650 Cr will be invested to drive growth in loan disbursals under default loss guarantee (DLG) arrangements and Rs.450 Cr will be infused in NBFC subsidiary Whizdm Finance Pvt Ltd to augment its capital base.

The OFS will see cofounders and promoters Puneet Agarwal and Sanjay Aggarwal, along with investors like Accel, Ribbit Capital, ...