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
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Basis of Allotment: Expected Thursday, February 12
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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:
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Nippon India Mutual Fund
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Bay Pond Partners
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Goldman Sachs Funds
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Abakkus Four2Eight Opportunities Fund
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Integrated Core Strategies (Asia)
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Ashoka India Equity Investment Trust
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HDFC Life Insurance Company
The company is a middle-layer NBFC, focusing on lending to micro and small enterprises (MSEs).
(With Inputs)
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