Aye Finance IPO

Listed Mainboard NBFC - Micro MSME Lending
Open Feb 09
Close Feb 11
Allotment Feb 12
Refund Feb 13
Listing Feb 16

Market Sentiment

Grey Market Premium What is GMP?
+Rs 0
+0.0%
Est. Listing: Rs 129
Updated: Feb 16, 2026 12:00 am
View Full GMP History →
Subscription Status
QIB
1.62x
bNII (>10L)
0.02x
sNII (2-10L)
0.11x
Retail
0.81x
Total
1.04x
Updated: Mar 02, 2026 11:19 pm IST
Analysis Score 38 / 100
Avoid
Data: 100%
GMP Score 40
Subscription Score 30
Valuation Score 40
Financial Health 56

Market Lot Size

Category Lots 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 Details

Issue Price₹122-129 per equity share
Face Value₹2 Per Equity Share
Lot Size 116 shares (Min ₹14,964)
Total Issue Size ₹1,010.00 crore
Fresh Share₹710.00 crore
Offer For Sale₹300.00 crore
Issue TypeBook build Issue
Lead ManagerAxis Capital Ltd., IIFL Capital Services Ltd., JM Financial Ltd., Nuvama Wealth Management Ltd.
RegistrarKfin Technologies Ltd.
Listing atBoth
BSE Code544699
NSE SymbolAYE
ISININE501X01029
Listing Price₹129.00
Listing Gain+0.00%

IPO Reservation

Category Shares Offered
QIB2,30,22,509
NII (HNI)1,17,44,186
bNII > ₹10L78,29,457
sNII < ₹10L39,14,729
Retail78,29,457
Anchor3,56,98,420

Financial Analysis

Financial Data
EPS (Pre)
Rs 6.80
EPS (Post)
Rs 5.50
P/E (Pre)
18.97x
P/E (Post)
23.45x
Industry P/E
22.00x
ROE
14.20%
ROCE
16.80%
Debt/Equity
3.20
NAV/Share
Rs 90.00
Market Cap
Rs 5,200 Cr
Revenue Growth
45.00%
Profit Margin
18.50%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 643.34 1,071.75 1,504.99 863.02
Expense 571.94 843.89 1,279.98 780.44
Profit (PAT) 39.87 171.68 175.25 64.60
Total Assets 3,126.00 4,869.59 6,338.63 7,116.01
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
SBFC Finance Limited 27.32 3.21 12
Five-Star Business Finance Limited 12.07 36.61 19
Manappuram Finance 12.00 18.50 22,000
CreditAccess Grameen 18.50 72.00 18,000
Fusion Micro Finance 15.00 42.00 6,500
Promoters & Holding Pattern

Promoters: The Company Does Not Have An Identifiable Promoter.

Company Information

About Aye Finance

The Company Does Not Have An Identifiable Promoter. Aye Finance started its journey in 1993 and has been involved in the business of offering secured and unsecured small business loans for working capital, including mortgage loans, ‘Saral’ Property Loans, and secured and unsecured hypothecation loans, primarily to micro-scale MSMEs. Furthermore, the company is ready to provide a business loan so the business can grow, and as collateral assets or property of the business. It provides loans to businesses like manufacturing, trading, services, and agriculture-related businesses. The company helps 586,825 active customers in 18 states and 3 union territories and manages a lot of money for them. Aye finance provide loans, including mortgage loans, secured hypothecation loans, and unsecured hypothecation loans.

Resources & Documents

Anchor Investors
Anchor Bidding Date
February 06, 2026
Shares Offered to Anchors
3,56,98,420
Lock-in End (30 Days, 50%)
March 14, 2026
Lock-in End (90 Days, 50%)
May 13, 2026
Company Contact Information

Aye Finance Ltd., M-5, Magnum House-I,, Community Centre,, Karampura, New Delhi, New Delhi, 110015

Frequently Asked Questions

Aye Finance IPO is Mainboard IPO. The company is going to raise ₹1,010 Crores via IPO. The issue is priced at ₹122 to ₹129 per equity share. The IPO is to be listed on BSE & NSE.

The IPO is to open on February 19, 2026 for QIB, NII, and Retail Investors. The IPO will close on February 11, 2026.

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

You can apply for Aye Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Aye Finance IPO issue size is ₹1,010 crores.

Aye Finance IPO Price Band is ₹122 to ₹129.

The minimum bid is 116 Shares with ₹14,964 amount.

Aye Finance IPO allotment date is February 12, 2026.

Aye Finance IPO listing date is February 16, 2026. The IPO is to list on BSE & NSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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