Aye Finance IPO Opens Slow, Subscribed 0.13x on Day 1

Aye Finance Limited's initial public offering (IPO) has demonstrated slow investor interest on its first day of subscription. The stock price band is set at ₹122-129 per share. The ₹1,010.00 crore IPO reached 0.13 times by 4:54:05 PM on day one. This indicates cautious investor interest in this NBFC that offers secured and unsecured small business loans for working capital to micro-scale MSMEs, incorporated in 1993.

Aye Finance IPO subscription reached weak 0.13 times on day one. It was led by Retail Investors (0.27x), Qualified Institutional Buyers Ex-Anchor (0.14x), and Non-Institutional Investors (0.01x). Total applications reached 14,445.

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Subscription Status of Aye Finance IPO:

Here are the subscription details for Aye Finance IPO as of Day 1 (February 9, 2026, 4:54:05 PM):

Key Highlights - Day 1:

• Overall subscription reached weak 0.13 times, showing very cautious initial investor interest for this mainboard IPO
• Retail investors displaying weak performance at 0.27 times, indicating weak retail appetite for this MSME-focused NBFC on day one
• Qualified institutional buyers (ex-anchor) displaying weak performance at 0.14 times, indicating weak institutional interest
• Non-institutional investors showing negligible performance at 0.01 times, indicating very weak HNI interest
• Total applications reached 14,445, showing very limited investor participation for this mainboard IPO on day one
• Cumulative bid amount reached ₹70.18 crores, significantly below the net offer size of ₹549.49 crores (excluding anchor portion)
• Anchor investors fully subscribed their allocation of ₹460.51 crores on February 6, 2026

About Aye Finance Limited

Incorporated in 1993, Aye Finance Limited is an NBFC that offers secured and unsecured small business loans for working capital, including mortgage loans, 'Saral' property loans, secured and unsecured hypothecation loans, primarily to micro-scale MSMEs. The company offers business loans for business expansion, secured by working assets or property, to customers in manufacturing, trading, service, and allied agriculture sectors. In the six months ended September 30, 2025 and September 30, 2024, and fiscals 2025, 2024 and 2023, the company had 10,459, 8,388, 9,102, 6,825 and 5,724 full-time employees, respectively, engaged in the operations in India. Competitive strengths include leading lender of small-ticket loans to micro scale MSMEs with comprehensive product offerings, strong sourcing capabilities supported by diversified pan-India presence and high customer retention.