Aye Finance IPO Allotment: Steps To Check Status Online, Listing Date And Other Key Details

The initial public offering (IPO) of Aye Finance Ltd. remained undersubscribed on the third and final day of bidding on Wednesday, Feb. 11. The Rs 1,010-crore IPO of the non-banking financial company (NBFC) attracted bids for 4,42,16,648 shares compared to 4,55,32,785 shares on offer, leading to an overall subscription of 0.97 times. The Qualified Institutional Buyers (QIBs) booked the issue 1.5 times, as per the NSE data. However, the Non-Institutional Investors' (NIIs) segment saw a muted response with a subscription of only 0.05 times. The retail portion also remained undersubscribed with a subscription of 0.77 times. The price band for the IPO was set between Rs 122 and Rs 129 per share. The mainboard IPO was a book-building issue worth Rs 1,010 crore. It comprised a fresh issue of 5.5 crore shares, worth Rs 710 crore, and an offer-for-sale (OFS) of 2.33 crore shares, amounting to Rs 300 crore. The IPO share allotment status is expected to be finalised on Feb. 12. The company is expected to process refunds for non-allottees on Feb. 13. Shares will also be transferred to the Demat accounts of the allottees on the same day. Shares of Aye Finance are tentatively scheduled to be listed on the BSE and NSE on Feb. 16. Aye Finance is a Non-Banking Financial Company (NBFC) that offers secured and unsecured small business loans for working capital. Investors who participated in the IPO subscription can check the allotment status on the websites of the BSE, NSE and the issue registrar, KFin Technologies. Steps To Check Aye Finance IPO Allotment Status On BSE Visit the BSE IPO allotment page here. Choose the issue type as “Equity”. Select “Aye Finance Ltd.” from the dropdown menu. Enter your application number or PAN (Permanent Account Number). Complete the Captcha for verification. Click on the “Search” button to check your allotment status. Steps To Check Aye Finance IPO Allotment Status On NSE Visit the IPO allotment page on the NSE website here. Select “Equity & SME IPO bid details”. Pick the company symbol 'AYE' from the dropdown list. Enter your PAN and Application Number. Click “Submit” to check the share allotment status. Also Read: https://www.ndtvprofit.com/markets/ipo-gmp-today-fractal-analytics-vs-aye-finance-check-latest-grey-market-trends-10985573 Steps to Check Aye Finance IPO Allotment Status On KFin Technologies Visit the KFinTech IPO allotment page here. From the dropdown menu, choose “Aye Finance Ltd.” as the issue name. Select one of the verification options – PAN number, Application number or DP ID/client ID. Enter the details based on the option you selected. Click on the “Submit” button. Your IPO allotment status will be displayed on the screen. Aye Finance IPO GMP Today According to InvestorGain, the latest grey market premium (GMP) for the Aye Finance IPO stood at Rs 0.35 on Feb. 12. Compared to the upper limit of the issue price of Rs 129 per share, the GMP indicates a marginal listing gain of 0,27% Note: GMP does not represent official data and is based on speculation. Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.