Aye Finance IPO Listing: NBFC stock debuts flat at Rs 129 per share

As per BSE data, the company commands a market cap of Rs 3,036.68 crore as of February 16, 2026.

The initial public offering (IPO) received bids for 4,42,21,288 shares against 4,55,32,785 shares on offer, according to the NSE data.

The portion for qualified institutional buyers (QIBs) fetched 1.5 times subscription, while the category for retail individual investors (RIIs) got subscribed 77 per cent. The portion for non-institutional investors received only 5 per cent subscription.

On Tuesday, the IPO of Aye Finance received a lukewarm response from the investors for the second straight day, garnering 16 per cent subscription.

The company had 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.

The Rs 1,010-crore 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.

The company proposes to utilise the net proceeds from the fresh issue to strengthen its capital base, supporting future capital requirements arising from the expansion of its business and asset base.

Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.

As of September 30, 2025, Aye Finance operated across 18 states and three Union Territories, serving around 5.9 lakh active customers, with assets under management (AUM) of Rs 6,027.6 crore.