Aye Finance IPO day 1 subscription status: Check latest GMP, price band, lot size

Aye Finance IPO Subscription: The IPO of non-banking financial company (NBFC) Aye Finance is now open for subscription. Today (Feb 9, Monday) is the day 1 of the subscription. The three-day IPO subscription window will end on February 11 (Wednesday).

Aye Finance has fixed a price band of Rs 122-129 per share, valuing the company at Rs 3,184 crore at the upper end of the band.

Aye Finance IPO Subscription Status

According to NSE data, Rs 1,010-crore Aye Finance IPO was subscribed 0.03 per cent around noon.

The quota reserved for Retail Individual Investors(RIIs) was subscribed 0.15 per cent around the same time.

Aye Finance IPO comprises a fresh issue of equity shares worth up to Rs 710 crore and an offer for sale (OFS) of up to Rs 300 crore by current shareholders.

Aye Finance IPO Anchor Investors

Ahead of IPO, Aye Finance had collected Rs 454.5 crore from anchor investors. The company allotted 3.52 crore equity shares to 19 funds at Rs 129 per share, the upper end of the IPO price band.

The top anchor investors included Nippon India Mutual Fund, Bay Pond Partners, Goldman Sachs Funds, Ashoka India Equity Investment Trust, Abakkus Four2Eight Opportunities Fund, Integrated Core Strategies (Asia) and HDFC Life Insurance Company, according to a circular uploaded on BSE's website.