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Aye Finance IPO
Price Band
₹122.0–129.0
Issue Size
₹1010.0 Cr
Lot Size
116 shares
Min Investment
₹14,964
GMP
₹-2.0 (-1.55%)
Issue Price
₹129.0
Aye Finance IPO AI Summary
- Aye Finance IPO is listed on BSE, NSE in the Non Banking Financial Company (NBFC) sector.
- Price band: ₹122.0–₹129.0 per share, lot size 116 shares (min. investment ₹14,964).
- Subscription window: 09 Feb–11 Feb 2026, listing on 16 Feb 2026.
- Current GMP is ₹-2.0 (-1.55%), an estimated listing price of ₹127 — unofficial and can change daily.
Aye Finance Limited is an NBFC focused on providing financial solutions to micro-scale MSMEs through a diverse product portfolio. The company has shown growth in total income and profit over the years, although recent figures indicate some fluctuations. The IPO aims to strengthen its capital base and cover issue expenses, with a price band set between ₹122.0 and ₹129.0.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aye Finance IPO Grey Market Premium (GMP) Today
GMP
₹-2.0
GMP %
-1.55%
Est. Listing
₹127.0
Updated: 14 Jul 2026 15:52
About the Company
Aye Finance Limited is a non-banking financial company (NBFC) that provides both secured and unsecured working capital loans to small businesses. Its product portfolio includes mortgage loans, Saral property loans, and hypothecation-based financing, primarily catering to micro-scale MSMEs. The company supports business growth and expansion by offering loans backed by business assets or property to enterprises operating in the manufacturing, trading, services, and allied agriculture sectors. As of September 30, 2024, Aye Finance Limited serves 508,224 active customers across 18 states and three union territories, supported by a strong and growing assets-under-management base. Aye Finance follows a “phygital” approach, blending personalized, on-ground service through 499 branches with advanced digital platforms to deliver efficient financial solutions nationwide. Product Portfolio Mortgage Loans Saral Property Loans Secured Hypothecation Loans Unsecured Hypothecation Loans Competitive Strengths: Leading Lender of Small-Ticket Loans to Micro Scale MSMEs with Comprehensive Product Offerings and Focus on Serving Large and Unaddressed TAM Strong Sourcing Capabilities Supported by a Diversified Pan-India Presence and High Customer Retention Effective Underwriting Methodology Robust Multi-Tiered Collection Capabilities Building Resilience through Technological Prowess Access to Diversified Lender Base and Cost-Effective Financing Experienced and Professional Management Team backed by Marquee Investors with a Committed Employee Base
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 7,116.01 | 6,338.63 | 5,819.05 | 4,869.59 | 3,126.00 |
| Total Income | 863.02 | 1,504.99 | 717.05 | 1,071.75 | 643.34 |
| Profit After Tax | 64.60 | 175.25 | 107.80 | 171.68 | 39.87 |
| NET Worth | 1,727.37 | 1,658.87 | 1,593.17 | 1,232.65 | 754.49 |
| Reserves and Surplus | 1,689.58 | 1,621.08 | 1,555.39 | 1,192.72 | 724.04 |
| Total Borrowing | 5,218.50 | 4,526.33 | 4,083.10 | 3,498.99 | 2,296.16 |
Key Ratios
EPS
₹9.14
NAV
₹75.63
ROE
12.12%
RoNW
12.12%
P/B Value
1.71
P/E Ratio
14.11
Market Cap
₹3183.52 Cr
Debt/Equity
2.73
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting capital base to meet Company’s future capital requirements arising out of growth of business and assets 672.24 2 Issue Expenses 53.73 Total 725.97
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹643.34 Cr in the year ending 31 Mar 2023, rising to ₹1,071.75 Cr by 31 Mar 2024. However, it decreased to ₹717.05 Cr by 30 Sep 2024, before increasing again to ₹1,504.99 Cr by 31 Mar 2025. The most recent figure as of 30 Sep 2025 is ₹863.02 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹39.87 Cr in the year ending 31 Mar 2023, increasing to ₹171.68 Cr by 31 Mar 2024. It further rose to ₹107.80 Cr by 30 Sep 2024, before reaching ₹175.25 Cr by 31 Mar 2025. The latest figure as of 30 Sep 2025 is ₹64.60 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates strong demand for the IPO, while a negative GMP suggests weaker demand. GMP can provide insights into potential listing day performance but is not a guarantee of actual market behavior.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid this IPO, as investments in new issues can be subject to significant price fluctuations and uncertainty.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on February 9, 2026, and closes on February 11, 2026. Allotment of shares will be finalized by February 12, 2026, and the shares are expected to be listed on the stock exchange on February 16, 2026.
Listing Gains — The Risk
Listing-day gains can vary widely based on market conditions and investor sentiment. While some IPOs may experience significant price increases on their first day of trading, others may not perform as well. Investors should be aware that past performance is not indicative of future results, and there are risks involved in trading on the listing day.
This evaluation is generated from Aye Finance's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aye Finance IPO GMP today?
Aye Finance IPO GMP today is ₹-2.0 (-1.55%), indicating an estimated listing price of ₹127. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aye Finance IPO?
The price band of Aye Finance IPO is ₹122.0–₹129.0 per share.
When does Aye Finance IPO open and close?
Aye Finance IPO opens on 09 February 2026 and closes on 11 February 2026.
When does Aye Finance IPO list on the stock exchange?
Aye Finance IPO listed on 16 February 2026 at ₹127.0.
What is the lot size for Aye Finance IPO?
The lot size for Aye Finance IPO is 116 shares, requiring a minimum investment of ₹14,964.
What is the price band for Aye Finance's IPO?
The price band for Aye Finance's IPO is ₹122.0 to ₹129.0.
What is the minimum investment required?
The minimum investment required is ₹14,964.0.
What is the lot size for the IPO?
The lot size for the IPO is 116 shares.
When is the listing date for Aye Finance?
The listing date for Aye Finance is February 16, 2026.
What does GMP mean?
GMP stands for grey market premium, which indicates the demand for the IPO shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Feb 2026
Close
11 Feb 2026
Allotment
12 Feb 2026
Listing
16 Feb 2026
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