Aye Finance IPO Listing: Stock Opens at Par on NSE and BSE
New Delhi, February 16: Shares of non-banking financial company Aye Finance made a flat debut on the stock exchanges on Monday, listing at Rs 129 per share, in line with the upper end of its issue price band.The stock opened at Rs 129 on both the NSE and the BSE. However, shortly after listing, it slipped 3.17 per cent to trade at Rs 124.91 on the NSE.
Following its market debut, the company’s market capitalization stood at Rs 3,079.87 crore on the NSE.
Broader Markets Trade Higher
The listing took place on a day when benchmark equity indices were trading in positive territory. The 30 share BSE Sensex advanced 165.32 points, or 0.20 per cent, to 82,792.08 in morning trade. The NSE Nifty also gained 57.25 points, or 0.22 per cent, to reach 25,528.35.Aye Finance IPO Subscription and Price Band
The initial public offering of Aye Finance, which concluded last week, was fully subscribed.The company had fixed the IPO price band at Rs 122 to Rs 129 per share.
The Rs 1,010 crore public issue comprised:
- A fresh issue of equity shares aggregating up to Rs 710 crore
- An offer for sale of up to Rs 300 crore by existing shareholders
Use of IPO Proceeds
The company plans to utilize the proceeds from the fresh issue to strengthen its capital base. The additional capital is expected to support future funding requirements arising from the expansion of its business operations and asset base.Business Profile and Operational Footprint
Classified as a middle layer NBFC, Aye Finance primarily focuses on lending to micro and small enterprises, a segment that continues to remain underserved by traditional banking institutions.As of September 30, 2025, the company operated across 18 states and three Union Territories. It served approximately 5.9 lakh active customers and reported assets under management of Rs 6,027.6 crore.
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