Aye Finance IPO Subscribed 0.97 Times on Final Day

Aye Finance Limited, a fast-growing player in India’s MSME lending space, concluded its initial public offering (IPO) with a subscription of 0.97 times on the final day of bidding. The ₹930 crore ($112 million) issue saw steady demand, though it remained just below full subscription.

The IPO was closely watched as a barometer of investor sentiment in India’s financial services sector, particularly in the MSME lending segment. While retail participation was moderate, institutional investors provided support, reflecting cautious optimism amid market volatility.

Key Highlights

• IPO Size: ₹930 crore ($112 million).
• Subscription Status: 0.97 times as of 5:08 PM on final day.
• Investor Sentiment: Balanced demand from institutional investors; moderate retail interest.
• Sectoral Focus: MSME lending, a critical growth driver in India’s financial ecosystem.
• Market Outlook: Reflects cautious optimism amid evolving macroeconomic conditions.

This IPO outcome underscores both the opportunities and challenges in India’s financial services sector, with Aye Finance positioned to leverage fresh capital for expansion and innovation in MSME lending.

Sources: NSE Filings, CNBC-TV18, Mint