Aye Finance IPO open date is February 9, 2026 and the IPO will close on February 11, 2026. The basis of allotment is expected on February 12, 2026 and the shares are proposed to be listed on BSE and NSE on February 16, 2026.
The IPO is a book built issue with a price band of ₹122 to ₹129 per share. The company plans to raise around ₹1,010 crores through this public issue.
Contents
Aye Finance IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | February 9, 2026 |
| IPO Close Date | February 11, 2026 |
| Face Value | ₹2 per equity share |
| IPO Price Band | ₹122 to ₹129 per share |
| Issue Size | Approx ₹1,010 crores |
| Fresh Issue | Approx ₹710 crores |
| Offer for Sale | Approx 2,32,55,813 equity shares |
| Issue Type | Book build issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Aye Finance IPO
Open: 9-11 Feb
Issue Size: ₹1,010 Cr.
Objective: Augment capital base to support lending expansion for MSME customers
Exchange: NSE BSE
Aye Finance IPO Review
The review of the Aye Finance IPO is neutral. The company operates in the secured and unsecured MSME lending segment and has built a strong borrower base across multiple states. Revenue and profitability have remained stable and growing over the last two years, supported by expanding loan disbursements and improving scale.
However, as a lending business, its performance remains sensitive to credit quality, cost of funds and economic cycles. The issue size is large and mainly driven by an offer for sale, which limits immediate balance sheet expansion benefits for investors. Long-term investors may consider the IPO with a focus on asset quality and sustainable growth.
Aye Finance IPO Market Lot
The Aye Finance IPO minimum market lot is 116 shares with ₹14,964 application amount. Retail investors can apply up to 13 lots with 1,508 shares for an amount of ₹1,94,532.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 116 | ₹14,964 |
| Retail Maximum | 13 | 1,508 | ₹1,94,532 |
| S-HNI Minimum | 14 | 1,624 | ₹2,09,496 |
| S-HNI Maximum | 66 | 7,656 | ₹9,87,624 |
| B-HNI Minimum | 67 | 7,772 | ₹10,02,588 |
IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 3,56,98,420 shares | -% |
| QIB (Ex. Anchor) | – shares | 75% |
| NII shares offered | – shares | 15% |
| Retail shares offered | – shares | 10% |
Aye Finance IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor bidding date | February 6, 2026 |
| Anchor investors list | View PDF |
| Shares offered | 3,56,98,420 shares |
| Anchor size | 460.51 Cr. |
| Lock-in period end date for 50% shares (30 days) | March 14, 2026 |
| Lock-in period end date for 50% shares (90 days) | May 13, 2026 |
Aye Finance IPO Dates
| Event | Date |
|---|---|
| IPO open date | February 9, 2026 |
| IPO close date | February 11, 2026 |
| Basis of allotment | February 12, 2026 |
| Refunds | February 13, 2026 |
| Credit to demat account | February 13, 2026 |
| IPO listing date | February 16, 2026 |
| IPO bidding cut-off time | February 12, 2026 – 5 PM |
Promoters and holding pattern
The company does not have an identifiable promoter.
| Particular | Shares | % Share |
|---|---|---|
| Promoter holding pre issue | – | -% |
| Promoter holding post issue | – | -% |
Objects of the issue
The company has not specifically disclosed individual utilisation heads in the provided information. The issue primarily consists of a fresh issue of ₹710 crores and an offer for sale of 2,32,55,813 equity shares by existing shareholders.
The proceeds from the fresh issue are expected to support the company’s lending operations and overall business requirements, while the offer for sale will provide partial exit to existing shareholders.
About Aye Finance IPO
Aye Finance Ltd. started its operations in 1993 and is engaged in providing secured and unsecured small business loans to micro and small enterprises. The company offers working capital loans, mortgage loans, Saral property loans and secured and unsecured hypothecation loans.
It caters to businesses across manufacturing, trading, services and agriculture-related sectors. The company serves around 5,86,825 active customers across 18 states and 3 union territories. Its lending portfolio is focused on enabling small entrepreneurs to access timely credit using business assets or property as collateral, while also offering unsecured financing where suitable.
Aye Finance IPO Company Financial Report
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 643.34 | 571.94 | 39.87 | 3,126.00 |
| 2024 | 1,071.75 | 843.89 | 171.68 | 4,869.59 |
| 2025 | 1,504.99 | 1,279.98 | 175.25 | 6,338.63 |
| Sep 2025 | 863.02 | 780.44 | 64.60 | 7,116.01 |
Aye Finance IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA margin | -% |
| PAT margin | -% |
| Debt to equity ratio | – |
| Earnings per share (EPS) | ₹9.51 (Basic) |
| Price to earnings ratio | N/A |
| Return on net worth (RoNW) | 12.12% |
| Net asset value (NAV) | ₹90.00 |
Peer group comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| SBFC Finance Limited | 3.21 | 27.32 | 11.57% | 29.61 | 1,306.16 Cr. |
| Five-Star Business Finance Limited | 36.61 | 12.07 | 18.65% | 215.22 | 2,847.84 Cr. |
IPO lead managers (merchant bankers)
Axis Capital Ltd.
IIFL Capital Services Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
Company address
| Particular | Details |
|---|---|
| Company name | Aye Finance Ltd. |
| Address | M-5, Magnum House-I, Community Centre, Karampura, New Delhi, New Delhi – 110015 |
| Phone | +91 124 484 4000 |
| secretarial@ayefin.com | |
| Website | https://www.ayefin.com/ |
IPO registrar
| Particular | Details |
|---|---|
| Registrar name | Kfin Technologies Ltd. |
| Phone | 04067162222, 04079611000 |
| ayefinance.ipo@kfintech.com | |
| Website | https://ipostatus.kfintech.com/ |
Aye Finance IPO FAQs
What is Aye Finance IPO?
Aye Finance IPO is a mainboard IPO. The company plans to raise ₹1,010 crores through the issue. The IPO price band is ₹122 to ₹129 per equity share and the shares will be listed on BSE and NSE.
When will Aye Finance IPO open for subscription?
The IPO will open on February 9, 2026 and will close on February 11, 2026 for QIB, NII and retail investors.
What is Aye Finance IPO investors’ portion?
The investors’ portion is QIB 75 percent, NII 15 percent and retail 10 percent.
How to apply for Aye Finance IPO?
Investors can apply through ASBA using their bank account, through UPI using their stock broker platform or by submitting an offline application form through their broker.
What is Aye Finance IPO issue size?
The total issue size of Aye Finance IPO is approximately ₹1,010 crores.
What is Aye Finance IPO price band?
The IPO price band is ₹122 to ₹129 per equity share.
What is Aye Finance IPO lot size?
The minimum bid size is 116 shares with an application amount of ₹14,964.
What is the Aye Finance IPO allotment date?
The basis of allotment is expected to be finalised on February 12, 2026.
What is the Aye Finance IPO listing date?
The IPO is scheduled to be listed on February 16, 2026 on BSE and NSE.
Expert comment
Aye Finance IPO offers investors exposure to a well-established MSME-focused lending platform with a diversified borrower base and stable profitability. While the company has demonstrated consistent growth in assets and revenue, investors should closely monitor asset quality trends, funding costs and regulatory changes impacting NBFCs.
Given the large offer for sale component and moderate return ratios, this issue is more suitable for long-term investors seeking steady financial sector exposure rather than short-term listing gains.
