IPO details · Updated
Aye Finance Limited
ClosedMainboardNSE: AYEFINBSE: AYEFIN
- Price Band
- ₹122 – ₹129
- Lot Size
- 116 shares
- Min. Investment
- ₹14,964
- Issue Size
- ₹1,010 Cr
- Offer Dates
- 9 Feb – 11 Feb 2026
- Listing
- 16 Feb 2026
Issue Details
- Total Issue Size
- ₹1,010 Cr
- 7,82,94,572 shares
- Fresh Issue
- ₹710 Cr
- 5,50,38,759 shares
- Offer for Sale
- ₹300 Cr
- 2,32,55,813 shares
- Face Value
- ₹2 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE, BSE
- Shares Pre-Issue
- 19,17,41,507
- Shares Post-Issue
- 24,67,84,266
IPO Timeline
Offer opens
9 Feb 2026
Offer closes
11 Feb 2026
Allotment
12 Feb 2026
Listing
16 Feb 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor45.6%3,56,98,420 shares
- QIB29.4%2,30,22,509 shares
- HNI15.0%1,17,44,186 shares
- Retail10.0%78,29,457 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 2,30,22,509 | 3,72,41,220 | 1.62x |
| HNI | 1,17,44,186 | 6,23,616 | 0.05x |
| Retail | 78,29,457 | 63,56,452 | 0.81x |
| Total | 4,25,96,152 | 4,42,21,288 | 1.04x |
Lot Size & Investment
1 lot = 116 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 116 | ₹14,964 |
| Small HNI (S-HNI) | 14 | 1,624 | ₹2,09,496 |
| Big HNI (B-HNI) | 67 | 7,772 | ₹10,02,588 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 7,116.01 | 6,338.63 | 4,869.59 | 3,126 |
| Total Income | 863.02 | 1,504.99 | 1,071.75 | 643.34 |
| Profit After Tax | 64.6 | 175.25 | 171.68 | 39.87 |
| Net Worth | 1,727.37 | 1,658.87 | 1,232.65 | 754.49 |
| Reserves & Surplus | 1,689.58 | 1,621.08 | 1,192.72 | 724.04 |
| Total Borrowing | 5,218.5 | 4,526.33 | 3,498.99 | 2,296.16 |
Key Performance Indicators
| Period | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| RoNW (%) | 3.82 | 12.12 | 17.28 |
| EPS (₹) | 3.37 | 9.51 | 10.62 |
| P/E (pre-issue) | 14.11 | — | — |
| P/E (post-issue) | 24.64 | — | — |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E | ROE |
|---|---|---|---|
| SBFC Finance Limited | ₹86.07 | 27.32 | 11.57% |
| Five-Star Business Finance Limited | ₹440.45 | 12.07 | 18.65% |
About Aye Finance Limited
Aye Finance Limited is an NBFC providing secured and unsecured business loans to micro-scale MSMEs across India through a phygital operating model.
Objects of the Issue
- Augment capital base
- Support business growth
- Meet regulatory capital requirements
- General corporate purposes
Company Information
Strengths (from RHP)
- Diversified MSME loan products
- Strong underwriting and credit assessment
- Robust collection framework
Key risks (from RHP)
- Credit default risk in micro MSME lending
- Dependence on borrower and third-party data
- Interest rate volatility risk
- Book running lead managers
- Axis Capital Limited
- IIFL Securities Ltd
- JM Financial Limited
- Nuvama Wealth Management Limited
- Registered office
- M-5, Magnum House-I, Community Centre, Karampura, New Delhi 110015
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.