Aye Finance IPO Allotment Live: Issue Fully Subscribed, Focus Shifts to Share Distribution
The initial public offering (IPO) of Aye Finance, a non-banking financial company (NBFC), concluded its subscription period on Wednesday, narrowly surpassing the full subscription threshold. Investor attention is now firmly fixed on the allotment status, with the allotment date confirmed for today, February 12.
Subscription Details and Market Response
According to data from the Bombay Stock Exchange (BSE), the Aye Finance IPO achieved a subscription rate of 97%, driven significantly by robust bidding from qualified institutional buyers (QIBs), which accounted for 1.5 times the allotted portion. In contrast, the retail investor segment saw a subscription of 77%, while non-institutional investors (NIIs) contributed a modest 5%.
However, a company spokesperson, as cited in a PTI report, clarified that the IPO is effectively fully subscribed. The spokesperson explained, "Against a total issue size of ₹1,010 crore, the IPO has been fully subscribed. The discrepancy in subscription figures on NSE and BSE arises because they compute totals based on the lower end of the price band."
Aye Finance IPO Key Details
The Aye Finance IPO, valued at ₹1,010 crore, featured a price band of ₹122 to ₹129 per share. The offer comprised a fresh issue of ₹700 crore and an offer for sale (OFS) by existing shareholders. The net proceeds from the fresh issue are earmarked to bolster the company's capital base, facilitating future business expansion and asset growth.
Classified as a middle-layer NBFC, Aye Finance specializes in lending to micro and small enterprises (MSEs), a segment often overlooked by traditional banking institutions. As of September 30, 2025, the company has established a presence across 18 states and three Union Territories, serving approximately 5.9 lakh active customers and managing assets under management (AUM) worth ₹6,027.6 crore.
Grey Market Premium and Listing Schedule
The grey market premium (GMP) for Aye Finance IPO shares stands at ₹0.35 today, indicating a marginal premium over the offer price. The company is scheduled to list its shares on both the BSE and the National Stock Exchange (NSE) on February 16.
The book-running lead managers for this issue include Axis Capital, IIFL Capital Services, JM Financial, and Nuvama Wealth Management. Investors are advised to monitor official channels for live updates on the allotment process and subsequent listing activities.
