Aye Finance IPO GMP Today: Muted Grey Market Signals Ahead of Feb. 9 Opening
- 5th February 2026
- 03:25 PM
- 3 min read
Summary
Aye Finance’s ₹1,010-crore IPO will open for subscription on February 9. The grey market premium currently stands at ₹5, indicating muted listing expectations. At the upper price band of ₹129, the GMP implies an indicative listing price of around ₹134, or a potential upside of about 4%.Mumbai | February 5, 2026
The initial public offering (IPO) of Aye Finance Ltd will open on Monday, February 9, and close on Wednesday, February 11. The shares are proposed to be listed on the BSE and NSE on February 16, subject to final approvals.
Aye Finance IPO GMP Today
The grey market premium (GMP) for the Aye Finance IPO stood at just ₹5 as of February 5, according to unofficial market trackers. Based on the upper end of the price band at ₹129, the implied listing price works out to approximately ₹134.
This translates into an estimated listing gain of about 3.8%.
Note: GMP does not represent official data and is based on speculation.
IPO Size and Price Band
The ₹1,010-crore IPO is a book-built issue comprising:
- Fresh issue: ₹710 crore
- Offer for sale (OFS): ₹300 crore
The issue is priced in the range of ₹122–129 per share.
Lot Size and Investment Details
The minimum lot size is 116 shares, requiring a retail investment of ₹14,964 at the upper price band.
- Small NII (sNII): 14 lots (1,624 shares) – ₹2.09 lakh
- Big NII (bNII): 67 lots (7,772 shares) – ₹10.02 lakh
Key IPO Dates
- Issue opens: February 9, 2026
- Issue closes: February 11, 2026
- Allotment finalisation: February 12, 2026
- Listing (tentative): February 16, 2026
Axis Capital is the book-running lead manager to the issue, while Kfin Technologies is the registrar.
Business Overview
Founded in 2014, Aye Finance is a non-banking financial company (NBFC) focused on lending to micro and small enterprises. The company provides secured and unsecured working capital loans, including mortgage-backed and asset-backed products.
It uses a “phygital” model, under which it combines physical branch presence with proprietary AI/ML-driven underwriting to assess the creditworthiness of businesses without formal documentation
Its lending portfolio caters to customers across manufacturing, trading, services and allied agriculture sectors. The company operates across 18 states and three Union Territories, with over 5.8 lakh active customers.
The company is backed by leading global investors such as Elevation Capital, Alphabet, LGT Capital and British International Investment.
Use of IPO Proceeds
According to the red herring prospectus, the net proceeds from the fresh issue will be used to strengthen the company’s capital base and support future business and asset growth.
Financial Performance
For the six months ended September 30, 2025, Aye Finance reported total income of ₹863.02 crore and a profit after tax of ₹64.60 crore.
For FY25, total income rose to ₹1,504.99 crore from ₹1,071.75 crore in FY24, while PAT edged up to ₹175.25 crore from ₹171.68 crore.
For IPO updates and analysis, follow PL Capital.
