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IPO ·
BSE, NSE
Aye Finance Ltd
Listed
Incorporated in 1993, Aye Finance Limited is an NBFC offers secured and unsecured small business loans for working capital, including mortgage loans, ‘Saral’ Property Loans, secured and unsecured hypothecation loans, p
Issue details
Price band
₹122 – ₹129
Face value
₹2
Lot size
116 shares
Minimum investment
₹14,964
Issue size
₹1010.00 Cr
Fresh issue
₹710.00 Cr
Offer for sale
₹300.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
9 Feb 2026
Closes
11 Feb 2026
UPI mandate cut-off
5:00 PM on 11 Feb 2026
Allotment
12 Feb 2026
Refunds
13 Feb 2026
Shares in demat
13 Feb 2026
Listing
16 Feb 2026
Subscription and listing
Subscription
1.02x
Listing price
₹129
Registrar
Kfin Technologies Ltd
Lead manager
Axis Capital, IIFL Capital Services, JM Financial, Nuvama Wealth Management
Subscription by category
Total
1.02x
Total applications
41,426
Anchor investors
Amount raised
₹454.50 Cr
Bid date
6 Feb 2026
50% lock-in ends
13 Mar 2026
Rest lock-in ends
12 May 2026
Listing day
Issue price
₹129
Open
₹129.00
High
₹133.80
Low
₹120.55
Day close
₹128.91
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
5,87,20,930
75.00%
Anchor Investor Shares Offered
3,52,32,558
45.00%
QIB (Ex. Anchor) Shares Offered
2,34,88,372
30.00%
NII Shares Offered
1,17,44,185
15.00%
bNII > ₹10L
78,29,457
10.00%
sNII < ₹10L
39,14,728
5.00%
Retail Shares Offered
78,29,456
10.00%
Total Shares Offered
7,82,94,571
100.00%
Finaccle’s quick read
Avoid
FY25 income up 40%, PAT up 2%, ROE 7.63%, D/E 3.02, post-issue P/E 24.64x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 1993, Aye Finance Limited is an NBFC offers secured and unsecured small business loans for working capital, including mortgage loans, ‘Saral’ Property Loans, secured and unsecured hypothecation loans, primarily to micro-scale MSMEs. The company offers business loans for business expansion, secured by working assets or property, to customers in manufacturing, trading, service, and allied agriculture sectors. The company is serving 586,825 active customers across 18 states and three union territories with significant assets under management.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
7.63%
ROCE
—
Debt / equity
3.02
PAT margin
—
P/E post issue
24.64
Market cap
₹3,183.52 Cr
Use of IPO money
Augmenting capital base to meet Company’s future capital requirements arising out of growth of business and assets
₹672.24 Cr
Issue Expenses
₹53.73 Cr
Strengths
✓
Revenue up 40% in FY25 to ₹1,504.99 Cr
Risks to watch
!
High leverage: debt to equity 3.02
!
30% of the issue is an offer for sale by existing shareholders
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.