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What is the story about?
The initial public offering of non-banking financial company (NBFC) Aye Finance received 97% subscription on the final day of bidding on Wednesday.
The initial public offering (IPO) received bids for 4,42,21,288 shares against 4,55,32,785 shares on offer, according to the NSE data.
The portion for qualified institutional buyers (QIBs) fetched 1.5 times subscription, while the category for retail individual investors (RIIs) got subscribed 77%. The portion for non-institutional investors received only 5% subscription.
On Tuesday, the IPO of Aye Finance received a lukewarm response from the investors for the second straight day, garnering 16% subscription.
The company has fixed a price band of ₹122-129 per share, valuing the company at ₹3,184 crore at the upper end of the band.
The ₹ 1,010-crore IPO comprises a fresh issue of equity shares worth up to ₹710 crore and an offer for sale (OFS) of up to ₹300 crore by current shareholders.
The company proposes to utilise the net proceeds from the fresh issue to strengthen its capital base, supporting future capital requirements arising from the expansion of its business and asset base.
Aye Finance is scheduled to list on the BSE and NSE on February 16.
Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.
As of September 30, 2025, Aye Finance operated across 18 states and three Union Territories, serving around 5.9 lakh active customers, with assets under management (AUM) of ₹6,027.6 crore.
The initial public offering (IPO) received bids for 4,42,21,288 shares against 4,55,32,785 shares on offer, according to the NSE data.
The portion for qualified institutional buyers (QIBs) fetched 1.5 times subscription, while the category for retail individual investors (RIIs) got subscribed 77%. The portion for non-institutional investors received only 5% subscription.
On Tuesday, the IPO of Aye Finance received a lukewarm response from the investors for the second straight day, garnering 16% subscription.
The company has fixed a price band of ₹122-129 per share, valuing the company at ₹3,184 crore at the upper end of the band.
The ₹ 1,010-crore IPO comprises a fresh issue of equity shares worth up to ₹710 crore and an offer for sale (OFS) of up to ₹300 crore by current shareholders.
The company proposes to utilise the net proceeds from the fresh issue to strengthen its capital base, supporting future capital requirements arising from the expansion of its business and asset base.
Aye Finance is scheduled to list on the BSE and NSE on February 16.
Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.
As of September 30, 2025, Aye Finance operated across 18 states and three Union Territories, serving around 5.9 lakh active customers, with assets under management (AUM) of ₹6,027.6 crore.
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