Aye Finance’s IPO has caught the attention of many investors. The company has set the IPO price between ₹122 and ₹129 per share, with each share having a face value of ₹2.
The IPO will open for public subscription from Monday, February 9, and will close on Wednesday, February 11. Anchor investors will get their allotment earlier, on Friday, February 6.
Investors can buy shares in lots of 116 shares, and applications can be made in multiples of this lot size. At the price band, the floor price is 61 times the face value,
and the cap price is 64.5 times. Currently, Aye Finance shares are trading in the grey market at a premium of ₹5.
Share Reservation and Allotment
Most of the IPO shares are reserved for large investors:
75% of shares are for Qualified Institutional Buyers (QIBs)
15% for Non-Institutional Investors (NIIs)
10% for Retail Investors
The final allotment of shares is expected on February 12, with refunds issued and shares credited to demat accounts on February 13. The shares are expected to be listed on BSE and NSE on February 16.
IPO Size and Investors
The total size of the IPO is ₹1,010 crore:
₹710 crore is a fresh issue
₹300 crore worth of shares will be sold by existing shareholders
Some major sellers include Alpha Wave India, MAJ Invest Financial Inclusion Fund, CapitalG, LGT Capital, and Vikram Jaitley. At the top end of the price band, the company’s valuation is around ₹3,184 crore.
Big investors like Elevation Capital, LGT Capital, CapitalG, and Alpha Wave already hold significant stakes, which is boosting investor confidence.
About Aye Finance
Aye Finance, founded in 1993, is a Non-Banking Financial Company (NBFC) that provides loans to small businesses and the micro-MSME sector. It offers:
Secured and unsecured business loans
Mortgage loans
Simple property loans
Hypothecation loans
The company currently serves around 586,000 active customers across 18 states and 3 union territories. Its profit was ₹175.3 crore in March 2025,
and its assets crossed ₹6,027 crore by September 2025. The funds from the IPO will be used to expand its business and loan portfolio further.
