Aye Finance IPO sees muted debut; subscribed 12% on Day 1, retail portion at 26%
- 9th February 2026
- 12:00 AM
- 2 min read
Summary
Aye Finance’s initial public offering opened to a muted response on Day 1, with overall subscription at 12%. Retail investors showed relatively better interest, while institutional demand remained weak. The IPO, priced at ₹122–129 per share, is currently trading at zero grey market premium.Mumbai | February 9
The IPO of Aye Finance opened for public bidding on Monday and saw a subdued response on the first day, with the issue subscribed 12% as of the end of the session.
The Gurugram-based non-banking finance company is looking to raise ₹1,010 crore through the issue, which is priced in the range of ₹122–129 per share. Shares are proposed to be listed on the BSE and NSE, with allotment likely by February 12 and listing scheduled for February 16.
Retail participation remained relatively stronger compared with other categories, while demand from non-institutional and institutional investors was muted on Day 1.
Subscription status on Day 1
- Overall subscription: 0.12 times
- Retail Individual Investors (RIIs): 0.26 times
- Non-Institutional Investors (NIIs): 0.01 times
- Qualified Institutional Buyers (QIBs): 0.13 times
IPO structure and key details
Aye Finance is raising ₹710 crore through a fresh issue of equity shares and ₹300 crore via an offer for sale by existing shareholders, including Alpha Wave India, MAJ Invest, CapitalG, LGT Capital and Vikram Jetley.
Investors can bid for a minimum of 116 shares, translating to an investment of ₹14,152 at the upper price band, and in multiples thereafter.
Read about Aye Finance in detail here.
Grey market premium remains flat
In the unofficial market, Aye Finance shares were trading at zero grey market premium (GMP), indicating a cautious near-term listing outlook. The GMP has cooled off in recent sessions and is now aligned with the IPO price, according to tracking data from the grey market.
Note: Grey market premium (GMP) is an unofficial, unregulated indicator and should not be considered a guarantee of listing performance.
Anchor book and business overview
Ahead of the IPO, the company raised ₹454.5 crore from anchor investors, with 19 institutions participating in the anchor book. Domestic and global investors, including mutual funds and overseas institutions, were part of the allocation.
Aye Finance focuses on small-ticket business loans for micro and small enterprises, with an average disbursement size of around ₹1.8 lakh. Proceeds from the fresh issue will be used primarily to strengthen the company’s capital base to support future growth.
For all the latest IPO updates, click here.
