Aye Finance IPO: Comprehensive Details on Pricing, Dates, and Investor Allocation
The much-anticipated Aye Finance IPO has officially announced its price band, setting the stage for a significant market event. The company has fixed the price range at ₹122 to ₹129 per equity share, with each share having a face value of ₹2. This pricing structure positions the floor price at 61 times the face value and the cap price at 64.5 times, reflecting the company's valuation strategy as it enters the public markets.
Key Subscription and Listing Timeline
The subscription window for the Aye Finance IPO is scheduled to open on Monday, February 9, and will close on Wednesday, February 11. Prior to this, anchor investors will have their allocation finalized on Friday, February 6, marking a crucial step in the IPO process. Investors should note that the lot size for this offering is 116 equity shares, with subsequent purchases required in multiples of this number, making the minimum investment accessible yet structured.
Allocation Strategy and Post-Subscription Process
Aye Finance has outlined a clear allocation strategy for its public issue, reserving not less than 75% of the shares for qualified institutional buyers (QIB). This is complemented by not more than 15% for non-institutional investors (NII) and not more than 10% for retail investors, ensuring a balanced distribution across investor categories. Following the subscription period, the basis of allotment is tentatively set to be finalized on Thursday, February 12, with refunds initiated on Friday, February 13.
Listing and Share Crediting Details
On the same day as refunds, shares will be credited to the demat accounts of successful allottees, streamlining the post-allotment process. The Aye Finance share price is expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, February 16. This dual listing aims to enhance liquidity and accessibility for investors across platforms, marking a pivotal moment in Aye Finance's journey from a private entity to a publicly traded company.
This IPO represents a significant opportunity in the financial sector, with detailed planning around pricing, dates, and investor allocation designed to foster a smooth market entry. As the dates approach, market participants are closely monitoring these developments for insights into broader IPO trends and investment potentials.
