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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Aye Finance Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹129
Per ShareLot Size
116 Shares
Minimum Investment
₹14,964
Issue Size
₹1,010 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE501X01029
We are a non-banking financial company-middle layer ("NBFC ML") focused on providing loans to micro scale MSMEs across India for their working capital and business expansion needs. We have been granted a certificate of registration dated November 27, 2015 by the Reserve Bank of India for registration as a non-banking financial company without accepting public deposits under Section 45-IA of the Reserve Bank of India Act, 1943. We offer small-ticket business loans with an average ticket size on disbursement of Rs. 0.18 million to customers across manufacturing, trading, service and allied agriculture sectors. We are among the leading NBFCs providing business loans to the largely undeserved micro scale enterprises in India, with 586,825 active unique customers and with assets under management ("AUM") of Rs. 60,276.22 million, as of September 30, 2025 (Source: CRISIL Report). As of September 30, 2025, we served our customers through a pan-India network of 568 branches. Our product offerings comprise mortgage loans, `Saral' Property Loans, secured hypothecation loans and unsecured hypothecation loans. Our target customers are micro scale business with annual turnovers ranging from Rs. 2.00 million to Rs. 10.00 million, predominantly located in semi-urban areas.
MSMEs in India face a substantial unmet credit estimated at Rs. 103.00 trillion as of Fiscal 2025. 98% of these MSMEs are micro enterprises, and as of Fiscal 2025, the total addressable credit demand is estimated at approximately Rs. 76 trillion, out of which current formal financing stands at approximately Rs.42 trillion taking the total addressable MSME credit gap to around Rs. 34 trillion. The share of NBFCs has increased from 9.2% in Fiscal 2019 to 16.6% in Fiscal 2025, and going forward, this share is expected to rise further as NBFCs have been intensifying their focus in this segment. The graph below represents the growth of the share of NBFCs in the MSME credit sector.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 78294571 equity shares of face value of Re. 2 each (the "Equity Shares") of Aye Finance Limited ("Company" or "Issuer") for cash at a price of Rs. 129 per equity share (the "Offer Price") aggregating to Rs. 1010 crores (The "Offer") comprising a fresh issue of 55038759 equity shares aggregating up to Rs.710 crores (The "Fresh Issue") and an offer for sale of up to 23255812 equity shares aggregating to Rs. 300 crores (The "Offer for Sale"), comprising an offer for sale of up to 21880851 equity shares aggregating to Rs. 282.26 crores by corporate selling shareholders (As Defined Hereinafter) and up to 1374961 equity shares aggregating to Rs.17.74 crores by individual selling shareholders (As Defined Hereinafter) (Together, the "Selling Shareholders", and such equity shares, the "Offered Shares"). The offer would constitute 31.73% of the post-offer paid-up equity share capital. The company in consultation with the brlms, may consider a further issue of specified securities to certain investors for an amount aggregating up to Rs. 177 crores, as permitted under applicable laws on or prior to the date of filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant sections. Price Band: Rs. 129 per equity share of face value Rs. 2 /- each. The floor price is 64.5 times of the face value of the equity shares. Bids can be made for a minimum of 116 equity shares and in multiples of 116 equity shares thereafter.
*Subject to approvals and market conditions.
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Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was incorporated on August 12, 1993, as a private limited company under the Companies Act 1956, under the name `Doda Finance Private Limited', at Jalandhar, Punjab pursuant to a certificate of incorporation issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. The name of our Company was changed to `Aye Finance Private Limited' pursuant to resolutions dated February 17, 2014 and March 15, 2014, passed by our Board and our Shareholders respectively, and a fresh certificate of incorporation dated March 28, 2014, was issued to our Company by the Registrar of Companies, Punjab and Chandigarh consequent to the change of name. Subsequent to a change in our registered office from the state of Punjab to the National Capital Territory of Delhi pursuant to resolutions dated July 22, 2014 and August 18, 2014 passed by our Board and our Shareholders, respectively, and a fresh certificate of registration dated August 10, 2015, was issued by the Registrar of Companies, Delhi and Haryana at New Delhi ("RoC"). Upon the conversion of our Company to a public limited company, pursuant to resolutions dated October 16, 2024 and October 17, 2024 passed by our Board and our Shareholders respectively, the name of our Company was changed to "Aye Finance Limited". A fresh certificate of incorporation dated December 10, 2024 was issued by the RoC consequent to our Company's conversion into a public limited company.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.