IPO Size, Valuation, and Key Dates
Aye Finance has announced the launch of its Rs 1,010 crore Initial Public Offering, with the issue opening for subscription on February 9 and closing on February 11. The non-banking financial company has fixed a price band of Rs 122 to Rs 129 per equity share, valuing the company at Rs 3,184 crore at the upper end of the band.Bidding for anchor investors will open on February 6. The company is scheduled to list its shares on the BSE and NSE on February 16.
Issue Structure and Utilisation of Proceeds
The IPO comprises a fresh issue of equity shares aggregating up to Rs 710 crore along with an Offer For Sale of up to Rs 300 crore by existing shareholders.The net proceeds from the fresh issue will be used to strengthen the company’s capital base, supporting future business expansion and growth in its asset portfolio.
Focus on Micro and Small Enterprise Lending
Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises, a segment that remains relatively underserved by traditional banking institutions.The company provides small-ticket business loans for working capital and expansion, secured through hypothecation of business assets or property. Its lending portfolio spans manufacturing, trading, services, and allied agriculture sectors.
Operational Footprint and Financial Scale
As of September 30, 2025, Aye Finance operated across 18 states and three union territories, serving approximately 5.9 lakh active customers. The company reported assets under management of Rs 6,027.6 crore during the period.Investor Allocation and Minimum Investment
Retail investors can apply for the issue in a lot size of 116 shares and multiples thereof. At the upper end of the price band, this translates into a minimum investment of Rs 14,964.Under the allocation structure, 75 percent of the issue is reserved for Qualified Institutional Buyers, while non-institutional investors and retail investors will receive 15 percent and 10 percent, respectively.
Lead Managers and Registrar
The IPO is being managed by Axis Capital, IIFL Capital, JM Financial, and Nuvama Wealth as book-running lead managers. KFin Technologies is acting as the registrar to the issue.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.