Aye Finance IPO Allotment Finalized: Key Dates and Procedures
The Aye Finance IPO share allotment is set to be finalized on Thursday, February 12. Investors who participated in the initial public offering can now verify their allocation status through the registrar's portal, managed by Kfin Technologies Ltd. This marks a critical phase in the IPO process, determining share distribution ahead of the listing.
IPO Grey Market Premium and Estimated Listing Price
As of today, the Aye Finance IPO GMP (Grey Market Premium) stands at ₹0.35. Based on the upper end of the IPO price band at ₹129 per share and this premium, the estimated listing price is projected to be ₹129.35 apiece. This represents a marginal increase of 0.27% above the IPO price, indicating subdued but positive market sentiment.
Allocation and Refund Processes
Investors can ascertain their specific share allocation by reviewing the allocation criteria, which considers factors such as application size and category. The total number of shares available plays a pivotal role in this determination. For applicants who do not receive any shares, the company will initiate the refund process on Friday, February 13. Conversely, those allocated shares will have them credited directly to their demat accounts on the same day.
IPO Listing Date and Subscription Overview
The Aye Finance IPO listing date is scheduled for Monday, February 16. Prior to this, the subscription status revealed a 97% overall subscription rate on the final day. Breaking it down by investor categories:
- Qualified Institutional Buyers (QIBs): Booked 1.50 times
- Non-Institutional Investors (NIIs): Subscribed 5%
- Retail Investors: Subscribed 77%
These figures, as per BSE data, highlight varied demand across segments.
IPO Structure and Financial Details
The Aye Finance IPO has a price band ranging from ₹122 to ₹129 per share, valuing the company at approximately ₹3,184 crore at the higher end. The total issue size is ₹1,010 crore, comprising:
- A fresh issue of equity shares worth up to ₹710 crore
- An offer for sale (OFS) of up to ₹300 crore from existing shareholders
Net proceeds from the fresh issue are earmarked to strengthen the capital base, supporting future business expansion and asset growth.
How to Check Aye Finance IPO Allotment Status
Investors have multiple avenues to verify their allotment status:
Via Kfin Technologies Ltd Portal
- Visit the Kfin Technologies website at the designated IPO status page.
- Select "Aye Finance IPO" from the dropdown menu under "Select IPO."
- Enter your PAN, Demat account number, or application number along with the captcha code.
- Click "Submit" to view your status.
Via BSE (Bombay Stock Exchange)
- Access the BSE allotment section on their official investors page.
- Choose 'Equity' as the issue type.
- Select 'Aye Finance IPO' from the issue name dropdown.
- Input your application number or PAN to check the status.
Via NSE (National Stock Exchange)
- Go to the NSE IPO login page.
- Sign up using your PAN if not already registered.
- Provide your username, password, and captcha code.
- Navigate to the IPO allocation status section to view details.
Lead Managers and Disclaimer
The book-running lead managers for this IPO include Axis Capital Ltd, IIFL Capital Services, JM Financial, and Nuvama Wealth Management. It is important to note that the views and recommendations provided are from individual analysts and experts, not from official sources. Investors are advised to consult certified financial advisors before making any investment decisions.
