Moneyview vs A-One Steels IPO Listing Today: Subscription, Valuation and What to Expect as Both Mainboard IPOs Debut on 1 October

Moneyview: Rs 32-34 band, Rs 1,091.68 cr issue, subscribed about 98x. A-One Steels: Rs 385-405 band, Rs 405 cr issue, subscribed about 11.6x. Both list on NSE, BSE on 1 Oct 2026.

Updated: 1 Oct 2026 • 9:34 am

Posted by:

Quick Answer

Moneyview vs A-One Steels is today's big listing face-off, as both mainboard IPOs debut on the NSE and BSE on 1 October 2026. Moneyview, a digital lender, saw far stronger demand, with its Rs 1,091.68 crore issue subscribed about 98 times at a price band of Rs 32 to Rs 34. A-One Steels India, a southern steel maker, saw its Rs 405 crore issue subscribed about 11.6 times at Rs 385 to Rs 405. Both list in a weak market, so listing-day moves could be volatile.

Moneyview vs A-One Steels is the comparison investors are watching on Thursday, 1 October 2026, as both companies make their stock market debut on the NSE and BSE. The two mainboard IPOs were open for subscription from 24 to 28 September, and share allotment for both was finalised on 29 September.

In Moneyview vs A-One Steels, the two businesses could not be more different. Moneyview is a fast-growing digital lending platform, while A-One Steels India is a vertically integrated steel manufacturer. Their IPO listing today comes on a day when Gift Nifty signals a gap-down start for the broader market, which could influence how the Moneyview share price and A-One Steels share price open.

Click Here – Get Free Investment Predictions

Table of Contents

Moneyview vs A-One Steels: Key IPO Details

Detail	Moneyview	A-One Steels India
Business	Digital lending platform	Integrated steel maker
Price band	Rs 32 to Rs 34	Rs 385 to Rs 405
Lot size	441 shares	37 shares
Issue size	Rs 1,091.68 crore	Rs 405 crore
Fresh issue	Rs 750 crore	Rs 355 crore
Offer for sale	Rs 341.68 crore	Rs 50 crore
Subscription	About 98 times	About 11.6 times
Applications	About 48.55 lakh	About 8.18 lakh
Listing date	1 October 2026	1 October 2026
Post-issue market cap (upper band)	About Rs 5,985 crore	About Rs 3,128 crore

The table shows how Moneyview vs A-One Steels differ in size, pricing and issue structure.

Moneyview vs A-One Steels: Which Saw Stronger Demand?

On subscription, the Moneyview vs A-One Steels comparison is one-sided. Moneyview's IPO was booked about 98 times, drawing nearly 48.55 lakh applications, one of the strongest responses this year for an issue of its size. A-One Steels was subscribed about 11.6 times with about 8.18 lakh applications, a healthy but much more modest response.

Strong subscription often supports listing-day performance relative to the issue price, but listing gains are not guaranteed. Recent listings have shown that market mood on the day can matter as much as demand during the IPO.

Moneyview: Business and Financials

Moneyview is a Bengaluru-based, digital-only financial services platform that connects users, largely in tier-2 towns, with banks and NBFCs for personal loans, credit cards and insurance. It also lends on its own books through its NBFC subsidiary, Whizdm Finance Private Limited.

Revenue from operations rose to Rs 3,351.16 crore in FY26 from Rs 2,339.15 crore in FY25, while reported profit was broadly flat at Rs 242.71 crore. Profit before exceptional items rose sharply, and the June 2026 quarter showed strong momentum, with profit of Rs 173.80 crore against Rs 67.15 crore a year earlier. Its assets under management stood at about Rs 22,520 crore as of June 2026. The fresh issue money will fund default loss guarantee arrangements and capital for Whizdm Finance.

Track Moneyview share price and A-One Steels share price after listing on the Univest Screener

A-One Steels India: Business and Financials

A-One Steels India is a backward and vertically integrated steel maker in southern India, producing sponge iron, billets, TMT bars sold under the A-One Gold brand, coils and pipes. Five of its six manufacturing units are in Karnataka, which contributed about 55% of FY26 revenue. Green energy met about 83% of its energy needs in FY26.

Revenue from operations rose to Rs 4,167.33 crore in FY26 from Rs 3,544.37 crore in FY25, and profit after tax jumped to Rs 127.41 crore from just Rs 7.71 crore. EBITDA margin improved to 7.29%. About Rs 250 crore of the fresh issue will go towards repaying debt.

Valuation: Moneyview vs A-One Steels

On valuation, Moneyview vs A-One Steels is a closer contest. At the upper price band, Moneyview was valued at a P/E ratio of about 21 times FY26 earnings, with a post-issue market value of about Rs 5,985 crore. A-One Steels was priced at about 24.5 times FY26 earnings, with a post-issue market value of about Rs 3,128 crore.

Moneyview's valuation looks reasonable against listed fintech peers, many of which trade at much higher multiples, but its earnings depend on credit quality in unsecured lending. A-One Steels' valuation reflects a sharp profit recovery in FY26, but steel is a cyclical business with thin margins.

Download the Univest iOS App or Univest Android App to get alerts on Moneyview share price, A-One Steels share price and new listings.

Key Risks for Both Stocks

The risks in Moneyview vs A-One Steels are very different, reflecting their sectors.

Moneyview: Unsecured lending carries credit risk, and RBI rules on digital lending and default loss guarantees could change. Operating cash flows have been negative as the loan book grows.
A-One Steels: Steel prices are cyclical, about 55% of revenue comes from Karnataka, and operating cash flow fell to about Rs 63 crore in FY26.
Market mood: Both list on a day when the broader market is set for a weak start amid FII selling.
Listing volatility: New listings often see sharp swings in the first few sessions.

Bottom Line: Moneyview vs A-One Steels

In the Moneyview vs A-One Steels comparison, Moneyview enters with much stronger subscription demand and a fast-growing digital lending business, while A-One Steels brings a sharp profit turnaround in a cyclical sector. Both list in a weak market, so investors should focus on fundamentals and valuation rather than listing-day excitement. Consult a SEBI-registered advisor before trading new listings.

Disclaimer: Data and figures in this article are sourced from publicly available information and reflect intraday levels at the time of writing. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Moneyview vs A-One Steels

When will Moneyview and A-One Steels list?

Ans. Both Moneyview and A-One Steels India list on the NSE and BSE on Thursday, 1 October 2026. Trading in newly listed shares begins after the special pre-open session for IPO listings.

Moneyview vs A-One Steels: which IPO was subscribed more?

Ans. Moneyview was subscribed about 98 times, attracting nearly 48.55 lakh applications, while A-One Steels India was subscribed about 11.6 times, with nearly 8.18 lakh applications, according to market reports.

What was the Moneyview IPO price?

Ans. Moneyview's price band was Rs 32 to Rs 34 per share with a lot of 441 shares. The Rs 1,091.68 crore issue had a fresh issue of Rs 750 crore and an offer for sale of Rs 341.68 crore.

What was the A-One Steels IPO price?

Ans. A-One Steels India's price band was Rs 385 to Rs 405 per share with a lot of 37 shares. The Rs 405 crore issue had a fresh issue of Rs 355 crore and an offer for sale of Rs 50 crore.

What is the grey market premium of Moneyview and A-One Steels?

Ans. Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.

What does Moneyview do?

Ans. Moneyview is a Bengaluru-based digital lending platform that offers personal loans and other financial products. It earns fees from partner banks and NBFCs and also lends through its NBFC subsidiary, Whizdm Finance.

What does A-One Steels India do?

Ans. A-One Steels India is a vertically integrated steel maker based in southern India that produces sponge iron, billets, TMT bars, coils and pipes, with five of its six plants in Karnataka.