ev-subsidy-or-private-enrichment
11 Feb 2026
The non-banking financial company (NBFC) Aye Finance's initial public offering (IPO) has garnered a strong response from investors, with 97 per cent subscription on the final day of bidding.
Aye Finance's IPO, which was launched on a price band of Rs 122- Rs 129 per share, has received bids for 4,42,21,288 shares against the offer size of 4,55,32,785 shares.
The total issue size of the IPO is Rs 1,010 crore, with the company aiming to utilise the net proceeds from the fresh issue to strengthen its capital base and support future capital requirements arising from the expansion of its business and asset base.
Aye Finance has fixed a price band of Rs 122-129 per share, valuing the company at Rs 3,184 crore at the upper end of the band.
The company is scheduled to list on the BSE and NSE on February 16, after the completion of the IPO process.
Aye Finance is a middle-layer NBFC that focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.
As of September 30, 2025, the company 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.
