Aye Finance's shares saw a muted debut on the stock market, closing slightly below the issue price of Rs 129. The company, serving micro and small enterprises, hopes to bolster its capital base and expand operations with funds from its recent IPO.

Aye Finance's Muted Market Debut: Shares Dip Slightly Below Issue Price

Aye Finance Witnesses Subdued Stock Market Launch

Aye Finance, a non-banking financial company, recently experienced a subdued stock market launch, with its shares closing just below the issue price of Rs 129.

Shares listed at Rs 129 on both the NSE and BSE
Ended the day slightly down at Rs 128.80 on NSE and Rs 128.90 on BSE
Marginal decline of 0.16% on NSE and 0.08% on BSE

Despite the tepid start, Aye Finance's IPO was fully subscribed last week, with a price band set between Rs 122-129 per share.

IPO Details

Rs 1,010-crore IPO
Fresh equity issue valued at Rs 710 crore
Offer for sale totaling Rs 300 crore by existing shareholders

The company plans to channel the IPO proceeds to reinforce its capital base, enabling future business and asset expansion.

About Aye Finance

Aye Finance is classified as a middle-layer NBFC and caters to micro and small enterprises—a segment often overlooked by traditional banks.

Operated in 18 states and three Union Territories as of September 30, 2025
Customer base of 5.9 lakh
Assets under management worth Rs 6,027.6 crore

Aye Finance's goal is to support the growth of micro and small enterprises, providing them with the necessary financial resources to expand their businesses.