Aye Finance Limited IPO
Aye Finance is a middle layer NBFC-ML focused on providing loans to micro-scale MSMEs across India to support their working capital and business expansion needs. It received its certificate of registration from the Reserve Bank of India on Nov 27, 2015, to operate as an NBFC without accepting public deposits under Section 45-IA of the RBI Act, 1934. It offers small-ticket business loans with an average disbursement size of ₹0.18 million to customers across manufacturing, trading, services and allied agriculture sectors. As of Sep 30, 2025, Aye Finance served 586,825 active unique customers through a pan-India network of 568 branches and reported assets under management of ₹60,276.22 million (Source: CRISIL Report). Its product suite includes mortgage loans, Saral Property Loans, secured and unsecured hypothecation loans, primarily catering to underserved micro enterprises with annual turnovers between ₹2.00 million and ₹10.00 million, largely located in semi-urban areas.
Price Band₹122 - ₹129 |
Dates09 Feb - 11 Feb |
GMP₹0 (0.00%) |
Subscriptions0.16 times |
Issue Size₹1,010.00 Crs |
Aye Finance IPO Key Dates
Opening Date
09 Feb 26
Closing Date
11 Feb 26
Basis Of Allotment
12 Feb 26
Initiations Of Refund
13 Feb 26
Credit Of Shares
13 Feb 26
Listing Date
16 Feb 26
Aye Finance IPO Objects
- Augmenting the Company’s capital base to support future business & asset growth
Aye Finance IPO Details
Price Band₹122 - ₹129 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹710.00 Cr (5.50 Cr Shares) |
Offer For Sale₹300.00 Cr (2.33 Cr Shares) |
Total Issue₹1,010.00 Cr (7.83 Cr Shares) |
Face Value₹2 per equity share |
Aye Finance IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
116
14,964
Maximum
13
1,508
1,94,532
|
|||
| Small HNI |
Minimum
14
1,624
2,09,496
Maximum
66
7,656
9,87,624
|
|||
| Big HNI |
Minimum
67
7,772
10,02,588
|
|||
Aye Finance IPO Subscription
Updated as on 10-Feb-2026 17:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 0.13 | 2,48,36,065 | 31,88,376 |
| NII | 0.02 | 1,24,18,032 | 1,98,592 |
| bNII (bids above ₹10L) | 0.00 | 82,78,688 | 23,664 |
| sNII (bids between ₹2L to ₹10L) | 0.04 | 41,39,344 | 1,74,928 |
| Retail | 0.47 | 82,78,688 | 38,98,992 |
| Total | 0.16 | 4,55,32,785 | 72,85,960 |
Data is sourced from NSE & BSE and may change. Information is provided on an “AS IS” and “AS AVAILABLE” basis without warranties.
Aye Finance IPO GMP
The estimated Grey Market Premium of Aye Finance IPO is ₹0 per share (0.00%)
The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
Aye Finance IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 843.51 | 1,459.73 | 1,040.22 | 623.43 |
| Profit after Tax | 64.60 | 175.25 | 171.68 | 39.87 |
| Net Worth | 1,727.37 | 1,658.87 | 1,232.65 | 754.49 |
| Total Borrowing | 5,218.50 | 4,526.33 | 3,498.99 | 2,296.16 |
| Total Assets | 7,116.01 | 6,338.63 | 4,869.59 | 3,126.00 |
| NAV per share (in ₹) | 90.09 | 90.00 | 76.26 | 48.66 |
| EPS - Basic (in ₹) | 3.37 | 9.51 | 10.62 | 2.57 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 12.12% |
| Debt to Equity | 2.73 |
| NNPA | 1.40% |
| NIM | 15.31% |
| CRAR | 34.92% |
| PE Ratio | 13.56 |
| PB Ratio | 1.43 |
| Mkt Cap (in Crs.) | 3,183.52 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Aye Finance IPO Peer Comparision
| Particulars | Aye Finance | SBFC Finance | Five Star Business |
|---|---|---|---|
| Revenue | 1,459.73 | 1,306.16 | 2,847.84 |
| PAT | 175.25 | 345.17 | 1,072.49 |
| EPS (₹) | 9.51 | 3.21 | 36.61 |
| NAV (₹) | 90.00 | 29.61 | 215.22 |
| RONW | 12.12% | 11.57% | 18.65% |
| PE Ratio | 13.56 | 27.32 | 12.07 |
| Debt to Equity | 2.73 | 1.65 | 1.26 |
| NIM | 15.31% | 9.93% | 16.07% |
| NNPA | 1.40% | 1.51% | 0.88% |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 2, 2026 for Peers
Aye Finance IPO Peer Comparision
| Particulars | Aye Finance |
|---|---|
| Revenue | 1,459.73 |
| PAT | 175.25 |
| EPS (₹) | 9.51 |
| NAV (₹) | 90.00 |
| RONW | 12.12% |
| PE Ratio | 13.56 |
| Debt to Equity | 2.73 |
| NIM | 15.31% |
| NNPA | 1.40% |
| SBFC Finance | Five Star Business |
|---|---|
| 1,306.16 | 2,847.84 |
| 345.17 | 1,072.49 |
| 3.21 | 36.61 |
| 29.61 | 215.22 |
| 11.57% | 18.65% |
| 27.32 | 12.07 |
| 1.65 | 1.26 |
| 9.93% | 16.07% |
| 1.51% | 0.88% |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 2, 2026 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| LGT Capital with Cell E/VP | 13.99% |
| Alpha Wave India I LP | 11.10% |
| CapitalG LP | 10.16% |
| Others | 5.91% |
| Total | 41.16% |
Management Details
| Name | Designation |
|---|---|
| Govinda Chintala | Chairman |
| Sanjay Sharma | MD |
| Niraj Kaushik | CEO |
| Sovan Satyaprakash | CFO |
Company Details
Name: Aye Finance Limited
Address: M-5, Magnum House-1, Community Centre Karampura, West Delhi, New Delhi - 110 015
Number: +91 124 484 4000
Email: secretarial@ayefin.com
Website: https://www.ayefin.com/
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Aye Finance IPO is a Mainboard IPO having an issue size of Rs. ₹1,010.00 Crs. Aye Finance IPO is priced at ₹122 - ₹129 per share. The issue opens on 09 Feb 26 and closes on 11 Feb 26.
Aye Finance IPO opens on 09 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Aye Finance IPO is ₹0 per share (0.00%).
The minimum lot size of Aye Finance IPO is 116 shares & the minimum application amount is Rs. 14964.
The allotment date of Aye Finance IPO is 12 Feb 26.
The listing date of Aye Finance IPO is 16 Feb 26.
Aye Finance IPO is subscribed 0.16 times.
Aye Finance IPO is priced at ₹122 - ₹129 per share.
Click the allotment link on Aye Finance IPO page of IPO360.
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- Money will remain blocked till the refund date
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