Aye Finance share price off to a lakclustre start, lists at par with IPO price of ₹129 apiece

Aye Finance IPO Listing: A Disappointing Start on Monday

Aye Finance's shares kicked off on a lackluster note on Monday, February 16, as they listed at par with the initial public offering (IPO) of ₹129 apiece on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The listing price was neither a discount nor a premium.

Aye Finance IPO Details

• Listing Price: ₹129 per share
• Market Expectations: Beat grey market premium (GMP) expectations, which had earlier signalled a listing at a 1.55% discount.
• IPO Subscription: 1.04 times at the end of the three-day bidding process
• Subscription Breakdown:
• QIB (Qualified Institutional Buyers): Booked 1.62 times
• NIIs (Non-Institutional Investors): Weak subscription at just 5%
• Retail Investors: 81% subscription