Aye Finance IPO Opens for Subscription
Aye Finance Ltd, a rising star among NBFCs, kicked off its IPO on Monday, February 9, running until Wednesday, February 11. The price range for the shares is ₹122 to ₹129, allowing investors to take advantage of future market growth. The book-built issue, worth ₹1,010 crore, consists of a fresh share issuance of 5.50 crore shares worth ₹710 crore and an Offer for Sale of 2.33 crore shares worth ₹300 crore. Stakeholders offloading shares include big names like Vikram Jetley, CapitalG LP, and Alpha Wave India I LP. The fresh funds aim to boost Aye Finance’s capital base for future expansion, will you grab your slice of growth?
Aye Finance IPO Day 1: Subscription, Lot Size, and Allocation Details
| Category / Detail | Details / Figures |
|---|---|
| Total Book-Built Issue | ₹1,010 crore |
| Fresh Issue | 5.50 crore shares worth ₹710 crore |
| Offer for Sale (OFS) | 2.33 crore shares worth ₹300 crore |
| Day 1 Subscription Status | 3% subscribed (13,86,664 shares bid against 4,55,32,785 shares on offer) |
| Category-wise Subscription | |
| – Qualified Institutional Buyers (QIBs) | — |
| – Non-Institutional Investors | 1% |
| – Retail Investors | 16% |
| – Total | 3% |
| Lot Size | 116 shares per lot, in multiples thereafter |
| Allocation | |
| – Qualified Institutional Buyers | 75% |
| – Non-Institutional Investors | 15% |
| – Retail Individual Investors | 10% |
Aye Finance IPO Day: Allotment and Listing Date
-
Basis of Allotment: Expected Thursday, February 12
-
Listing on NSE & BSE: February 16
Book-running Lead Managers: Axis Capital, JM Financial, Nuvama Wealth, IIFL Capital
Registrar: KFin Technologies
Aye Finance IPO Day: Strengths and Risks from RHP
Before the IPO, Aye Finance raised ₹454.5 crore from 19 anchor investors, including:
-
Nippon India Mutual Fund
-
Bay Pond Partners
-
Goldman Sachs Funds
-
Abakkus Four2Eight Opportunities Fund
-
Integrated Core Strategies (Asia)
-
Ashoka India Equity Investment Trust
-
HDFC Life Insurance Company
The company is a middle-layer NBFC, focusing on lending to micro and small enterprises (MSEs).
(With Inputs)
Also read: Fractal Analytics IPO Opens: India’s First Pure-Play AI Firm Sparks Investor Buzz-
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
