- Price band of Rs 122 – Rs 129 per Equity Share bearing face value of Rs 2 each (“Equity Shares”)
- Bid/Offer Opening Date – Monday, February 9, 2026, and Bid/Offer Closing Date – Wednesday, February 11, 2026.
- Minimum Bid Lot is 116 Equity Shares and in multiples of 116 Equity Shares thereafter
Aye Finance Limited has fixed the price band for its maiden Initial Public Offering (IPO) at ₹122 to ₹129 per Equity Share, each having a face value of ₹2. The IPO will open for subscription on Monday, February 9, 2026, and close on Wednesday, February 11, 2026, marking the company’s entry into the public markets.
Investors can bid for a minimum of 116 Equity Shares and in multiples of 116 Equity Shares thereafter. As of date, the company has 191,745,507 Equity Shares outstanding, each with a face value of ₹2.
The IPO comprises a fresh issue of shares aggregating up to ₹710 crore, along with an offer-for-sale (OFS) of up to ₹300 crore by existing investors, including Alpha Wave India I LP, MAJ Invest Financial Inclusion Fund II K/S, CapitalG LP, LGT Capital Invest Mauritius PCC with Cell E/VP, and Vikram Jetley.
The company is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro- scale micro, small and medium enterprises (MSMEs) across India. It offers a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors.
The company is among the leading non-banking financial companies (NBFCs) providing business loans to the largely underserved micro scale enterprises in India, with 586,825 active unique customers across 18 states and 3 union territories and with assets under management (AUM) of ₹ 60,276.22 million, as of September 30, 2025. (source – CRISIL Report)
The company offers small-ticket business loans with an average ticket size (ATS) on disbursement of ₹ 0.18 million to micro enterprises. Its expertise in underwriting business cash flows of a variety of business clusters has enabled it to maintain stable credit costs and allowed it to profitably scale up our operations.
The company is the most geographically diversified lender amongst the Peer MSME Focused NBFCs. (source – CRISIL Report).
The company’s revenue from operations was Rs 843.5 crore for the six months ended 30 September, 2025 vis-à-vis Rs 692 crore a year earlier. Its revenue from operations was Rs 1,459.73 crore during FY25 vis-à-vis Rs 623.42 crore during FY23.
Its net profit was Rs 175.25 crore during FY 25 vis-à-vis Rs 39.87 crore crore during FY23.
Axis Capital Limited, IIFL Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited are the book-running lead manager; and KFin Technologies Limited is the registrar of the offer.
The Offer is being made through the book-building process, wherein not more than 75% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 10% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
