Aye Finance IPO Shows Moderate Response, Subscribed 1.04x on Day 3

Aye Finance Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription. The stock price band is set at ₹122-129 per share. The ₹1,010.00 crore IPO reached 1.04 times by 4:54:37 PM on day three. 

Aye Finance IPO subscription reached moderate 1.04 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (1.62x), Retail Investors (0.81x), and Non-Institutional Investors (0.05x). Total applications reached 43,700.

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Subscription Status of Aye Finance IPO:

Here are the subscription details for Aye Finance IPO as of Day 3 (February 11, 2026, 4:54:05 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.04 times, showing substantial improvement from day two's 0.17 times
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 1.62 times, building substantially from day two's 0.14 times, indicating improved institutional appetite for this MSME-focused NBFC
• Retail investors showing weak confidence at 0.81 times, building substantially from day two's 0.49 times, but still indicating inadequate retail demand
• Non-institutional investors showing negligible performance at 0.05 times, building marginally from day two's 0.02 times, indicating very weak HNI interest
• Total applications reached 43,700, showing limited investor participation for this mainboard IPO, a significant increase from day two's 26,426 applications
• Cumulative bid amount reached ₹570.22 crores, marginally exceeding the net offer size of ₹549.49 crores (excluding anchor portion) by approximately 1.04 times
• Anchor investors fully subscribed their allocation of ₹460.51 crores on February 6, 2026

Aye Finance IPO - Day 2 Subscription at 0.17 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.17 times, showing modest improvement from day one's 0.13 times
• Retail investors displaying weak performance at 0.49 times, building substantially from day one's 0.28 times
• Qualified institutional buyers displaying weak performance at 0.14 times, unchanged from day one's 0.14 times
• Non-institutional investors showing negligible performance at 0.02 times, marginally improving from day one's 0.01 times

Aye Finance IPO - Day 1 Subscription at 0.13 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.13 times, showing very cautious initial investor interest
• Retail investors displaying weak performance at 0.28 times, indicating weak retail appetite
• Qualified institutional buyers 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
   

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. The company is serving 586,825 active customers across 18 states and three union territories with significant assets under management. Product offerings include mortgage loans, 'Saral' property loans, secured hypothecation loans, and unsecured hypothecation loans.