Aye Finance’s ₹1,010 crore IPO opened for subscription on February 9, 2026, with a price band of ₹122–129 per share. The issue closes on February 11 and includes both fresh equity and an offer for sale. Brokerages highlight asset-backed lending strategy, while GMP signals flat listing expectations.
Aye Finance Ltd, an MSME-focused NBFC, launched its ₹1,010 crore IPO today, opening for subscription from February 9 to February 11, 2026. The issue comprises a fresh issue of ₹710 crore and an offer for sale worth ₹300 crore.
Key Highlights:
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Price Band: ₹122–129 per equity share (face value ₹2).
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Lot Size: Minimum retail investment of ₹14,964 for one lot (116 shares).
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Anchor Investors: Raised ₹454.5 crore from institutions including Goldman Sachs, BNP Paribas, Nippon Life India, and Bank of India.
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Brokerage Review: SBI Securities notes Aye Finance’s shift toward asset-backed lending, expected to reduce credit costs.
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Grey Market Premium (GMP): Currently flat, indicating muted listing expectations.
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Listing Date: Shares expected to list on BSE and NSE on February 16, 2026.
The IPO aims to strengthen Aye Finance’s capital base and support growth in MSME lending. While GMP signals cautious sentiment, brokerages highlight long-term potential in its asset-backed strategy.
Sources: Economic Times, Reuters, Mint