Aye Finance IPO allotment on Feb 12: Here’s how to check status online and other key details

The

initial public offering (IPO) of Aye Finance Ltd. closed with a poor subscription on the final day of bidding on Wednesday, February 11. The mainboard issue remained undersubscribed at 0.97 times.

The IPO attracted bids for over 4.42 crore shares against 4.55 crore shares on offer.

The Qualified Institutional Buyers (QIBs) booked their category 1.5 times. However, the Non-Institutional Investors’ (NIIs) portion witnessed a poor response with a subscription of 0.05 times, while the retail quota was booked 0.77 times.

The ₹1,010-crore public offer of the non-banking financial company (NBFC) opened for subscription on February 9. Following the end of the subscription period, Aye Finance is expected to finalise the share allotment status on February 12.

The IPO comprised a fresh issue of 5.5 crore shares, amounting to ₹710 crore, and an offer-for-sale (OFS) component of 2.32 crore shares, worth ₹300 crore.

Aye Finance has proposed to use the IPO proceeds for meeting its future capital requirements.

Investors who applied for Aye Finance IPO shares can check the allotment status on the websites of the NSE, BSE and the issue registrar, Kfin Technologies Ltd.

Check Aye Finance IPO share allotment on the BSE:

• Open the BSE IPO allotment page at: https://www.bseindia.com/investors/appli_check.aspx


• Next to Issue Type, click on ‘Equity’.


• Select Issue Name ‘AYE Finance Ltd’ from the dropdown.


• Provide your IPO application number or PAN to proceed.


• Complete the Captcha verification.


• Finally, click on ‘Search’ to view your share allotment details.

Check Aye Finance IPO allotment on Kfin Technologies:

• Visit the KFinTech IPO Allotment Status page: https://ipostatus.kfintech.com/


• Under the Select IPO dropdown, click on 'Aye Finance Ltd'


• Choose any of these options for verification: Application Number, Demat Account, and PAN.


• Enter details as per your selection.


• Click on 'Submit' to view your allotment status

Investors can also check the Aye Finance IPO share allotment status on the NSE using PAN and application number.

Shares of Aye Finance Ltd will be credited to the Demat accounts of successful bidders on Friday, February 13. Refunds will also be processed for non-allottees on the same day.

The company’s shares are tentatively scheduled to be listed on the NSE and BSE on February 16.

Aye Finance, founded in 2014, provides small-ticket business loans to MSMEs. Its product offerings include working capital and business expansion loans.