Moneyview Cuts IPO Size After SEBI Nod, Halves Fresh Issue Component To ₹750 Cr

Fintech unicorn Moneyview has trimmed the size of its initial public offering (IPO) significantly a couple of months after the markets regulator SEBI greenlit the issue . In a public announcement today, the company announced that it has halved the fresh issue component of the IPO to ₹750 Cr, from the initially proposed ₹1,500 Cr and trimmed the offer for sale (OFS) component to 10.04 Cr equity shares from 13.6 Cr. As per the new announcement, investors Tiger Global, Accel, Crimson Winter, Ribbit