SEBI Greenlights Moneyview & Chandan Steel IPOs

SEBI Opens the Door for Moneyview and Chandan Steel Public Offers

India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has given its go-ahead to two companies — fintech unicorn Moneyview and specialty steelmaker Chandan Steel — to launch their respective initial public offerings. The twin approvals, announced on 3 July 2026, underscore the continued vibrancy of India’s primary market even as broader equity indices navigate a period of selective recovery.

Moneyview: A Fintech Unicorn Eyes the Public Markets

Moneyview, which has built its reputation as a digital lending and financial services platform catering to credit-underserved consumers, is targeting a fundraise of Rs 1,500 crore. The issue is structured as a blend of a fresh issuance of shares — proceeds from which will be channelled into expanding loan disbursement operations and strengthening its technology infrastructure — and an offer for sale by existing shareholders.

The company’s entry into the public markets is closely watched by fintech investors. Moneyview has scaled rapidly in India’s personal loan and credit-scoring segment, and its IPO would provide an important benchmark for how public market investors value digital lending businesses at current interest rate and credit-quality conditions.

Chandan Steel Joins the IPO Queue

Chandan Steel, a player in the specialty steel manufacturing space, has also received the regulatory green light to list its shares. While granular financial details of the Chandan Steel offering were not disclosed in the approval announcement, the company’s listing ambitions align with sustained infrastructure and industrial activity driving demand for steel products domestically.

India’s IPO Pipeline Stays Active

The back-to-back SEBI approvals come at a time when smaller IPOs such as Atharva Polyplast — which reportedly attracted over 10 times subscription — and Aastha Spintex are also navigating the listing process, signalling that investor appetite spans across market-cap segments. The primary market pipeline reflects broader confidence in India’s economic growth story, even as currency weakness and global rate uncertainty create pockets of caution in secondary markets.

For prospective investors, SEBI’s observation letter is a regulatory milestone, not an investment endorsement. Subscription dates, price bands, and final prospectus details are yet to be announced by both companies, and market participants are advised to review all offer documents carefully before making any decisions.

For information only and not investment advice. Summarised from the cited sources; figures may be delayed. Do your own research before investing.