Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
9th Feb
Offer End Date
11th Feb
Allotment Date
12th Feb
Refund Initiation
13th Feb
Demat Transfer
13th Feb
Listing Date
16th Feb
Aye Finance Limited, incorporated in 1993, has positioned itself as a non-banking financial company focused on extending secured and unsecured credit to micro-scale MSMEs that often operate with limited access to formal banking channels. Its lending portfolio includes mortgage loans, ‘Saral’ property loans, and both secured and unsecured hypothecation loans aimed primarily at meeting working capital and business expansion needs. The company caters to borrowers across manufacturing, trading, services, and allied agriculture sectors, reflecting a broad sectoral outreach within the MSME ecosystem. With operations spanning 18 states and three union territories and a sizeable active customer base, the company has built a network that supports its lending activities and operational presence across diverse regional markets.
The proposed Aye Finance IPO represents the company’s transition into the public markets through a combination of a fresh issue of equity shares and an offer for sale by existing shareholders, as outlined in its draft offer documents. The fresh issue proceeds are intended for working capital requirements of existing EBOs and MBOs and for general corporate purposes, in line with its stated objectives. The company’s workforce has also expanded over recent years, with employee strength increasing across the six months ended September 2025 and prior fiscal periods, indicating the scale of its operations. Listing on recognised exchanges is expected to bring the company under a broader public disclosure framework, aligning its reporting and governance with applicable regulatory standards.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 0% | 0% |
| Public Group | 100% | 100% |
| QIB Shares Offered | 2,34,88,372 (30%) |
| NII (HNI) Shares Offered | 1,17,44,186 (15%) |
| Retail Shares Offered | 78,29,457 (10%) |
| Anchor Investor Shares Offered | 3,52,32,560 (45%) |
| Total Shares Offered | 7,82,94,576 |
| Total Shares With Anchor Investor | 7,82,94,576 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 116 | ₹14,964 |
| Retail (Max) | 13 | 1,508 | ₹1,94,532 |
| S HNI (Min) | 14 | 1,624 | ₹2,09,496 |
| S HNI (Max) | 66 | 7,656 | ₹9,87,624 |
| B HNI (MIN) | 67 | 7,772 | ₹10,02,588 |
| Bid Date | February 06, 2026 |
| KFin Techologies Ltd | |
|---|---|
| Phone Number | +91 40 6716 2222 |
| Email Id | einward.ris@kfintech.com |
| Website | www.kfintech.com |
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| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹1,658.35 Cr | ₹1,236.11 Cr | ₹768.5 Cr |
| Reserves and Surplus | ₹1,620.56 Cr | ₹1,196.18 Cr | ₹738.05 Cr |
| Total Borrowing | ₹4,526.33 Cr | ₹3,498.99 Cr | ₹2,296.16 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 2,48,36,065 | 31,88,376 | 0.1284 |
| Non Institutional Investors (NIIs) | 1,24,18,032 | 1,06,836 | 0.0086 |
| Retail Individual Investors (RIIs) | 82,78,688 | 21,51,336 | 0.2599 |
| Total | 4,55,32,785 | 54,46,548 | 0.12 |
Operates as an NBFC with a clear focus on micro-scale MSME lending across manufacturing, trading, services, and allied agriculture.
Offers a diversified mix of secured and unsecured loan products, including mortgage and hypothecation loans.
Presence across 18 states and three union territories with a large active customer base.
Demonstrated increase in total assets, income, net worth, and reserves over the reported periods.
Maintains a structured IPO process with defined allocation across investor categories and regulatory compliance.
High exposure to micro and small enterprises, which may be sensitive to economic cycles and borrower repayment behaviour.
Rising total borrowings increase dependence on external funding sources and interest rate conditions.
Credit risk remains inherent in unsecured lending segments.
Business performance is linked to overall MSME credit demand and regulatory changes affecting NBFC operations.
IPO proceeds include working capital and general corporate expenses rather than expansion-specific initiatives.
Micro, small and medium enterprises in India continue to experience a significant shortfall in available formal credit, with overall unmet financing needs estimated at about ₹103 trillion in Fiscal 2025.
A very large proportion of MSMEs fall within the micro-enterprise category, which shapes the overall credit demand profile of the sector.
The total potential credit requirement of MSMEs in Fiscal 2025 is estimated at approximately ₹76 trillion, indicating the scale of financing needs across businesses.
Existing formal lending to MSMEs stands at roughly ₹42 trillion, resulting in an addressable credit gap of about ₹34 trillion that remains underserved by formal financial channels.
Non-banking financial companies have gradually increased their participation in MSME lending, with their share rising from 9.2% in Fiscal 2019 to 16.6% in Fiscal 2025.
Industry research suggests that NBFC involvement in MSME financing is likely to expand further as these entities deepen their engagement with this segment.
Available data illustrates a steady upward trend in the contribution of NBFCs to overall MSME credit over recent years, reflecting changing dynamics in the lending ecosystem.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Aye Finance IPO.
Aye Finance Ltd IPO is a Mainboard IPO of 7,82,94,576 equity shares of a face value of ₹2 aggregating up to ₹1010 Crores. The issue is priced at ₹122 to ₹129 per share. The minimum order quantity is 116 Shares. The IPO opens on February 09, 2026, and closes on February 11, 2026. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.
The Aye Finance Ltd IPO opens on February 09, 2026 and closes on February 11, 2026.
Aye Finance Ltd lot size is 116 shares, and the minimum amount required is ₹14,964.
You can apply in Aye Finance Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
• Login to Bajaj Broking account App/Website & click on IPO
• Enter the number of lots and price at which you wish to apply.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
• Approve the mandate request on your UPI and funds will be blocked.
The finalization of Basis of Allotment for Aye Finance Ltd IPO will be done on February 12, 2026, and the allotted shares will be credited to your demat account by February 13, 2026.
The Aye Finance Ltd listing date is February 16, 2026.
The registrar of Aye Finance Ltd IPO is KFin Techologies Ltd
Axis Capital Ltd,IIFL Capital Services Ltd,JM Financial Ltd,Nuvama Wealth Management Ltd will be the book-running lead manager of this IPO.
The fresh issue size is ₹710 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 116 shares and ₹14,964 amount.
To apply for Aye Finance Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each Aye Finance Ltd share will be ranging in between ₹122 to ₹129 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, February 11, 2026.
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