Moneyview IPO
Moneyview IPO — I went through the RHP. Here’s my simple view. Moneyview is not just a loan app. It is a digital lending platform , with personal loans as its main business. Growth looks strong • Revenue: ₹2,339 Cr → ₹3,351 Cr • Loan disbursals: ₹17,621 Cr → ₹23,099 Cr • FY26 reported profit: ₹243 Cr One important point — ₹160 Cr CEO incentive FY26 profit was impacted by a one-time ₹160 Cr incentive paid to CEO Puneet Agarwal . This was a performance/long-term value-linked incentive and was recognised as an expense in FY26. So, on a simplified basis: ₹243 Cr reported profit + ₹160 Cr one-time expense = ~₹403 Cr adjusted profit This makes the valuation look different. But the important question is: Will such a large payout recur in the future, and was it justified by the value created? Valuation at ₹34 • Market Cap: ~₹5,985 Cr • Reported P/E: ~21.7x • P/B: ~2.3x • Adjusted P/E: ~15x The valuation doesn't look extremely expensive on ...