Moneyview IPO: Rs34 Upper Band, ~6x Subscription and a 41% Grey Market Premium. Is Fintech Worth the Hype?
India, Sept. 28 -- Moneyview Limited's IPO has been a book-built 100% fresh issue and offer for sale (OFS) offer. The promotors and investor selling shareholders will sell 13.61 crore shares in the OFS. The price range is Rs 32 to 34 per share and the total issue size is approximately Rs 1,091.68 crore. The funds are split between the company and the current shareholders who are moving out of the business.
The issue has been open since 24 September and will remain open until 28 September with an anticipated allotment on 29 September. It's had some robust demand so far as the issue is concerned, with it being subscribed around 6 times on the final day, as well as the tracker at 6.27x. The lot size is 441 shares, which means that a retail...
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