New Delhi, February 9 The initial public offering (IPO) of non-banking financial company (NBFC) Aye Finance received a subscription rate of 12% on the first day of the share sale on Monday.
According to NSE data, the three-day IPO received bids for 54,46,548 shares against 4,55,32,785 shares on offer.
The portion for retail individual investors (RIIs) subscribed to 26%, while the quota for qualified institutional buyers (QIBs) received a subscription of 13%. The portion for non-institutional investors subscribed to a mere 1%.
The Rs 1,010-crore IPO will close on February 11.
Aye Finance collected Rs 454.5 crore from anchor investors on Friday.
The company has fixed a price band of Rs 122-129 per share, valuing the company at Rs 3,184 crore at the upper end of the band.
The IPO comprises a fresh issue of equity shares worth up to Rs 710 crore, and an offer for sale (OFS) of up to Rs 300 crore by existing shareholders.
The company proposes to use 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 Rs 6,027.6 crore.
The IPO is being managed by Axis Capital, IIFL Capital, JM Financial and Nuvama Wealth as book-running lead managers.
