Moneyview filed preliminary IPO papers with Sebi in March, while Torrent Gas had secretly submitted draft documents to the regulator in April.
The confidential filing route allows companies to submit draft offer documents to SEBI for review without immediately disclosing commercially sensitive information.
After reviewing the draft papers submitted by the two companies, the regulator gave its ‘observations’ between June 29 and July 2, which in Sebi’s parlance, amounts to a move to float a public issue.
Meanwhile, oilfield services provider Sivaganga Drillers withdrew its draft papers on June 30, an update showed.
The company through its IPO raised Rs. 400 crore filed preliminary papers with SEBI in December 2025. According to the draft red herring prospectus (DRHP), the proposed initial public offer was an entirely new issue of shares with no offer for sale (OFS) component.
Moneyview’s IPO at Rs. This includes fresh issue of 1,500 crore equity shares and OFS of up to 13.6 crore equity shares by existing shareholders, according to the draft papers.
The company plans to use the proceeds from the fresh issue to expand its financial services business.
The fund will be used to support loan disbursements under the Default Loss Guarantee (DLG) arrangement, investment in the company’s material subsidiary, Whizdm Finance, to strengthen its capital base and for general corporate purposes.
Founded in 2014 by IIT Delhi graduates Puneet Agarwal and Sanjay Agarwal, MoneyView operates a digital-first fintech platform focused on consumer lending and financial services. Its mobile app offers a range of financial products across lending, payments, investments and insurance, allowing users to access multiple services on one platform.
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