When does the Aye Finance IPO open and close?

The Aye Finance IPO opens on 9 Feb and closes on 11 Feb.

Where can I check the live subscription status of the Aye Finance IPO?

You can track the real-time subscription numbers using the links below: https://www.iposcanner.ai/ipo/aye-finance-ipo?tab=subscription

What is the issue size of the Aye Finance IPO?

The size of Aye Finance IPO is Total ₹1010 crore : #Fresh Issue : 5,50,38,760 shares(aggregating up to ₹710 crore) + #OFS : 2,32,55,814 shares(aggregating up to ₹300 crore).

What is the price band of the Aye Finance IPO?

The Aye Finance IPO price band is set between 122-₹129.

What is the minimum investment for the Aye Finance IPO?

The minimum investment for the Aye Finance IPO is ₹14,964.

What is the allotment date of the Aye Finance IPO?

The share allotment date of Aye Finance IPO is 12 Feb.

What is the Aye Finance IPO listing date?

The Aye Finance IPO will be listed on 16 Feb.

How to check Aye Finance IPO allotment status online?

Follow the steps to check the Aye Finance IPO allotment status online here: https://www.iposcanner.ai/ipo/aye-finance-ipo?tab=allotment

Who is the registrar for the Aye Finance IPO?

The registrar for the Aye Finance IPO is Kfin Technologies Ltd.. You can check your allotment status on their official website.

Aye Finance

Open Date

Feb 9, 2026

Close Date

Feb 11, 2026

listed

Min Investment

₹14,964

Lot Size

116 Shares

Issue Size

₹1010 Cr

Price Range

₹122 - ₹122

Listing Date

Feb 16, 2026

IPO Doc

RHP PDF

About Aye Finance

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Incorporated in 1993, Aye Finance Limited is an NBFC that provides secured and unsecured small business loans for working capital, including mortgage loans, ‘Saral’ Property Loans, secured and unsecured hypothecation loans, mainly to micro-scale MSMEs.The company provides business loans for business expansion, secured by working assets or property, to customers in manufacturing, trading, service, and allied agriculture sectors. The company is catering to 508,224 active customers across 18 states and three union territories with substantial assets under management.The company operates through a ‘phygital’ approach, integrating personal service through 499 branches across 18 states and three union territories with sophisticated digital capabilities to cater to customers across the country as of September 30, 2024. Product Offerings: Mortgage Loans Saral’ Property Loans Secured Hypothecation Loans Unsecured Hypothecation Loans During the six months ended September 30, 2024 and September 30, 2023, and Fiscals 2024, 2023, and 2022, the company had 8,388, 5,684, 6,825, 5,724, and 4,837 full-time employees.

Checklist Quality Analysis

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹0GMP

Aye Finance IPO - Issue Objectives

The company will use the net IPO proceeds to strengthen its capital base for future funding needs.

Capital requirements and issue expenses

100%

Capital requirements and issue expenses

The company will use the net IPO proceeds to strengthen its capital base for future funding needs.

100.00%

IPO Subscription Status

Retails

0.76x

QIB

0.95x

NII

0.05x

Financials of Aye Finance

In Cr.

Revenue: ₹863.02

Profit: ₹64.60

Total Income

EBITDA

Total Profit

Negative Value

Key Performance Indicator	30-Sep-25 (In Cr.)	31-Mar-25 (In Cr.)	30-Sep-24 (In Cr.)	31-Mar-24 (In Cr.)	31-Mar-23 (In Cr.)
Revenue	863.02	1,504.99	717.05	1,071.75	643.34
EBITDA
Expenses
Profit After Tax	64.60	175.25	107.80	171.68	39.87
Assets	7,116.01	6,338.63	5,819.05	4,869.59	3,126.00
Net Worth	1,727.37	1,658.87	1,593.17	1,232.65	754.49
Reserves	1,689.58	1,621.08	1,555.39	1,192.72	724.04
Borrowing	5,218.50	4,526.33	4,083.10	3,498.99	2,296.16

About Strength & Risks

Strengths5Risks4

Why this IPO looks interesting

Key positives investors may want to consider before applying.

Leading lender to micro MSMEs in India

The company is a specialised NBFC that focuses on micro enterprises, which make up about 98% of India's MSME sector. It targets borrowers with an annual turnover of ₹0.2 to 1 crore, a group that banks often overlook. As of September 30, 2025, the company had 586,825 active customers. This makes it the MSME lender with the largest customer base as compared to other NBFCs, operating in a broad and underdeveloped credit market.

Strong pan-India sourcing and low concentration risk

As of September 30, 2025, the company operated 568 branches in 18 states and 3 union territories. This makes it one of the most geographically diverse MSME-focused NBFCs in India. The top three states contributed to 41.3% of AUM, reducing the concentration of risk and allowing for growth.

Technology-driven model

Aye Finance uses a cloud-based ‘phygital’ model to serve micro-ticket MSME loans efficiently. The average loan amount is ₹0.018 crore. As of September 30, 2025, the company has achieved 100% paperless and cashless disbursements, which helps them scale up cost-effectively. They have automated underwriting in over 70 business clusters, with about 24% processed straight-through. This is supported by AI/ML models, allowing for scalable growth without significant capital expenses.

Diversified and cost-efficient funding platform

The company has a balanced mix of liabilities. It includes term loans and PTCs accounting for 59.02%, NCDs at 28.95%, and ECBs contributing 12.03%. This structure helps reduce concentration and refinancing risks. The average cost of borrowing remained steady at 11.2% in H1FY26, showing an improved credit profile. Bank borrowings rose from 18.57% in FY23 to 29.95% as of FY25, and was 31.38% as of September 30, 2025. This change reflects a move toward more stable and cost-effective funding.

Data-driven collections supporting asset quality

Stage 2 assets improved to 1.65% of gross loans as of September 30, 2025, down from 1.82% in FY25. This marks the lowest percentage among peer MSME-focused NBFCs. Non-starter assets stayed low at 0.08% in H1FY26. Early delinquency levels fell to 0.29% from 0.34%, reflecting disciplined execution and effective portfolio management.

Contact Details

Aye Finance

M-5, Magnum House-I, Community Centre, Karampura, New Delhi, New Delhi, 110015

+911244844000

[email protected]

https://www.ayefin.com/

Registrar Contact Details

Kfin Technologies Ltd.

04067162222

[email protected]

https://ipostatus.kfintech.com/

Aye Finance IPO - FAQs

Aye Finance IPO is a Mainboard IPO. The issue is priced at 122-₹129. The minimum order quantity is 116 Shares. The IPO opens on 9 Feb, and closes on 11 Feb. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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