Aye Finance' Rs 1,010-crore IPO subscribed 18% on Day 3 so far - Check GMP

Aye Finance IPO Receives Lukewarm Response for Third Straight Day

The initial public offering (IPO) of Aye Finance, a non-banking financial company (NBFC), has garnered a subscription of only 18 percent on Wednesday.

Key Details of Aye Finance IPO:

• IPO Size: Rs 1,010 crore
• Closing Date: February 11, 5 pm
• Price Band: Rs 122-129 per share
• Company Valuation: Rs 3,184 crore (upper end of the band)

Aye Finance IPO Subscription Status:

The IPO received bids for 83.53 lakh shares against 4.55 crore shares on offer, according to NSE data, till 11:50 pm.

• Retail Individual Investors (RIIs) Subscription: 59%
• Qualified Institutional Buyers (QIBs) Subscription: 13%
• Non-Institutional Investors Subscription: 2%

Grey Market Activities:

According to platforms tracking grey market activities, the shares of Aye Finance are commanding a flat GMP, indicating a muted listing for the shares of the company.

About Aye Finance:

Aye Finance is a middle-layer NBFC focusing on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.

• Operational States and Territories: 18 states and three Union Territories
• Active Customers: around 5.9 lakh
• Assets Under Management (AUM): Rs 6,027.6 crore (as of September 30, 2025)