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Unlisted shares of Aye Finance Ltd were trading at Rs 129 apiece in the grey market, which is zero premium over the upper IPO price of Rs 900, indicating flat or negative listing.
Aye Finance IPO: Check subscription status and GMP today.
Aye Finance IPO: The initial public offering (IPO) of non-banking financial company Aye Finance Ltd opened on Monday, February 9. The Rs 1,010-crore IPO, whose price band has been fixed in the range of Rs 122 to Rs 129 apiece, will be closed on February 11. Till 11:25 am on the first day of bidding on Monday, the IPO got a muted 0.03x subscription, receiving bids for 11,04,552 shares as against 4,25,96,152 shares on offer.
Its retail category got a 0.13x subscription.
Aye Finance IPO GMP Today
According to market observers, unlisted shares of Aye Finance Ltd were trading at Rs 129 apiece in the grey market, which is zero premium over the upper IPO price of Rs 900. It indicates a flat or negative listing. Its listing will take place on February 16, Monday.
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The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Aye Finance IPO Lot Size
The IPO has a lot size of 116 shares. At the upper end of the price band, a retail investor will need to invest a minimum of Rs 14,964 for one lot. For small non-institutional investors (sNII), the minimum application size is 14 lots, or 1,624 shares, translating into an investment of Rs 2,09,496. Big non-institutional investors (bNII) must apply for at least 67 lots, or 7,772 shares, requiring an investment of Rs 10,02,588.
Aye Finance Mobilises Rs 454 Crore From Anchor Investors
Aye Finance on Friday collected Rs 454.5 crore from anchor investors, ahead of its initial share sale opening for public subscription. The anchor book saw participation from a mix of domestic mutual funds, insurance companies and foreign portfolio investors.
Aye Finance IPO: More Details
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 current shareholders.
The company proposes to utilise 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. The company provides small-ticket business loans for working capital and expansion, secured through hypothecation of business assets or property, across manufacturing, trading, services and allied agriculture sectors.
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.
Retail investors can apply for the issue in a lot size of 116 shares and multiples thereof, translating into a minimum investment of Rs 14,964 at the upper end of the price band.
Under the allocation structure, qualified institutional buyers (QIBs) will receive 75 per cent of the issue, while non-institutional investors (NIIs) and retail investors will be allotted 15 per cent and 10 per cent, respectively.
The IPO is being managed by Axis Capital, IIFL Capital, JM Financial and Nuvama Wealth as book-running lead managers, while KFin Technologies is the registrar to the issue.
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February 09, 2026, 11:47 IST
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