IPO-Bound Moneyview Nets ₹327.5 Cr From Anchor Investors

Ahead of opening its initial public offering (IPO) for bidding, fintech unicorn Moneyview has raised ₹327.5 Cr from anchor investors by allocating 9.63 Cr shares at an issue price of ₹34 per equity share, the upper end of the IPO’s price band. Seven domestic mutual funds via fourteen schemes netted 6.96 Cr or 72% of the anchor round. SBI Mutual Fund’s SBI Banking and Financial Services Fund lapped up the highest 1.47 Cr shares or 15.27% of the anchor round, investing over ₹50 Cr.