Moneyview pays Rs 160 crore incentive to CEO ahead of IPO; FY26 profit takes 30% hit

IPO-bound Moneyview paid Rs 160 crore as a one-time performance-based incentive to its Managing Director and CEO Puneet Agarwal earlier this year, which decreased its FY26 net profit, the company’s red herring prospectus (RHP) filed with Sebi revealed.

The company in its IPO papers said the one time incentive was disclosed as an exceptional item in its financial statements for FY26. Accordingly, its expenses increased and profit decreased by nearly Rs 120 crore, representing more than 30% of the firm’s profit for the year before exceptional items.

“This one-time performance-based incentive has been factored into the pre-offer net worth of our company and does not impact the objects of the offer,” Moneyview clarified. The one-time incentive was paid to Puneet Agarwal for his continued leadership, performance and contributions to the overall growth of the company, it further said in its RHP.


Also Read | Accel, Ribbit eye multifold returns from Moneyview IPO

No plans to pay such incentives in near-future: Moneyview

The performance-based incentive is a one-time payment and non-recurring in nature, Moneyview said in its RHP, adding that it currently has no plans to make any such one-time performance-based incentive in the future.

Moneyview listed Rs 120 crore as the exception item, net of tax, for its financials for FY2026, accounting for the one-time incentive to the chief executive officer. The consequential tax impact of over Rs 40 crore was included within tax expense as an exceptional item.

Overall, Moneyview reported a net profit of Rs 242.7 crore for the financial year which ended on March 31, 2026, as against Rs 240 crore reported in FY25 and Rs 171 crore for FY24. Its profit before tax meanwhile stood at Rs 397 crore in FY26, sharply higher than the Rs 240 crore reported in the year ago.

Also Read | Tiger Global-backed Moneyview sets IPO price band for Rs 1,092-crore offer. Check key dates, other details

Key things to know about Moneyview IPO

Moneyview has reduced the size of its IPO to Rs 1,092 crore from Rs 1,500 crore earlier, with the price band now being fixed at Rs 32-34 per equity share. The maiden public issue of the digital lending platform is set to open for public bidding on September 24 and close on September 28, with the shares of the company scheduled to make their market debut on BSE and NSE on October 1.

The initial public offering of Moneyview comprises a fresh issue of shares worth Rs 750 crore and an offer for sale (OFS) of 10.05 crore equity shares, valued at Rs 342 crore at the higher end of the issue price, by existing shareholders. Promoters Puneet Agarwal and Sanjay Aggarwal will sell up to 1.35 crore shares each, while Accel, Tiger Global and Ribbit Capital are also selling stakes.

"We are a profit-making company. We have shown a very strong consistent trajectory of profit growth with about Rs 400 crore of profit after taxes before exceptional items in FY26," Moneyview CEO Puneet Agrawal told PTI in an interview.

"There is sufficient cash already in the business and with this Rs 750 crore we would be very comfortable to continue on the trajectory that we are at, and hence we decided to reduce this," he added while speaking about the company’s decision to slash the IPO size.

Moneyview, formerly known as Whizdm Innovations, provides users a suite of financial products through a network of banks, non-bank lenders, insurers, and other financial institutions.

Also Read | Strong profit growth prompted Moneyview to reduce IPO size: MD & CEO Agrawal

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