Summary of this article
Aye Finance raised Rs. 1010 crore through fresh issue and OFS
Shares of Aye Finance fell after listing on exchanges
Aye Finance IPO Listing: Shares of Aye Finance saw a muted debut on the market, with the shares being listed at the BSE and the NSE at par with the upper price band of Rs 129 apiece. The non-banking financial company (NBFC) offered its shares at a price band of Rs 122 – 129. The company raised a total of Rs 1,010 crore from the initial public offering (IPO). This consisted of a combination of fresh equity issue of 54.04 million shares for Rs 710 crore, along with an offer-for-sale (OFS) component of 23.26 million shares worth Rs 300 crore. The subscription window of Aye Finance’s public issue was open from February 9-11.
Before listing, shares of Aye Finance were trading at a grey market premium (GMP) of Rs 126, according to various websites. This was at a Rs 3 discount from the upper end of the price band at issue, which indicated a 2.30 per cent loss at listing.
Axis Capital, IIFL Capital Services, JM Financial and Nuvama Wealth Management were the book-running lead managers, while KFin Technologies was the registrar to the issue.
Aye Finance IPO Objectives
Aye Finance will use the fresh proceeds from the IPO to strengthen its capital base. The proceeds will also be used for support the growth of the business and in building the asset portfolio.
The NBFC also “expects to receive the benefits of listing of the equity shares on the stock exchanges, including enhancing the company’s brand name and creating of a public market for its equity shares in India,” it said.
Aye Finance Share Price
Immediately after opening flat on both the exchanges, shares of Aye Finance fell on the NSE and the BSE. Shares of the company were trading over 5 per cent down at Rs 122.40 on the NSE, and over 3 per cent down at Rs 125.10 on the BSE.
Aye Finance Subscription Details
During the subscription window, investors applied for 97 per cent of the issue, subscribing for 44.22 million shares against the total 45.53 million shares on offer. Qualified institutional buyers (QIBs) led the investor demand, applying 1.5 times the shares reserved for them, applying for 37.24 million shares.
Retail individual investors applied for 77 per cent of their reserved quota, applying for 6.36 million shares, while non-institutional investors (NIIs), both big and small applied for only 5 per cent of their reserved quota, subscribing for only 623,616 shares.
Aye Finance Anchor Investors List
Out of anchor investors who applied for the public issue, two domestic mutual funds spread across four schemes in total, picked up 7.67 million equity shares. Another 1.94 million shares was allocated to HDFC Life Insurance Company.
Aye Finance Key Financials
Aye Finance reported a total income of Rs 863.02 crore and a net profit of Rs 64.60 crore for the six months ended September 20, 2025. For the fiscal year FY25, the NBFC reported a total income of Rs 1,504.99 crore and a net profit of Rs 175.25 crore.
Total assets of the company rose to Rs 7,116.01 crore by the end of September, from Rs. 3,126 crore seen by the end of March, 2023. The company’s net worth also rose to Rs. 1,727.37 crore at the end of September, from Rs. 754.49 crore by the end of FY23.
Debt of the company also expanded, with the total borrowings of the company at Rs. 5,218.50 crore by the end of September, compared to Rs. 2,296.16 crore by the end of FY23.
