Aye Finance IPO
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Aye Finance IPO details
Schedule of Aye Finance
| Issue open date | 09 Feb 2026 |
| Issue close date | 11 Feb 2026 |
| UPI mandate deadline | 11 Feb 2026 (5 PM) |
| Allotment finalization | 12 Feb 2026 |
| Refund initiation | 13 Feb 2026 |
| Share credit | 13 Feb 2026 |
| Listing date | 16 Feb 2026 |
| Mandate end date | 26 Feb 2026 |
| Lock-in end date for anchor investors (50%) | 14 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 13 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Aye Finance
Aye Finance Limited was incorporated in 1993 and is registered as a non-banking financial company (NBFC) with the Reserve Bank of India. The Company operates as an NBFC–Middle Layer and focuses on providing credit to micro and small enterprises across India. It does not have an identifiable promoter under applicable regulations. The Company primarily serves micro-scale MSMEs engaged in manufacturing, trading, services, and allied sectors, with a strong presence in semi-urban and underserved markets. Its loan portfolio includes secured and unsecured hypothecation loans, mortgage loans, and ‘Saral’ Property Loans, designed to meet working capital and business expansion needs. Aye Finance follows a branch-led, technology-enabled operating model that combines local market understanding with data-driven credit assessment. It emphasises small-ticket loans, granular diversification, and relationship-based sourcing. Key strengths include deep penetration in the micro-MSME segment, a pan-India branch network, specialised underwriting for informal businesses, and consistent focus on risk management and collections. The Company aims to bridge the credit gap for micro enterprises while maintaining scalable and sustainable growth.
Financials of Aye Finance
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1010 |
| Fresh Issue – Proceeds go to the company | 710 |
| Offer for Sale | 300 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Augmenting the capital base to support business and asset growth | 710 (100%) |
Strengths
- Strong focus on underserved micro-MSMEs with tailored credit products.
- Pan-India branch network enabling deep semi-urban and rural penetration.
- Proprietary credit assessment built for informal and thin-file customers.
- Granular loan book with small ticket sizes, reducing concentration risk.
- Consistent AUM growth supported by scalable operating model.
Risks
- High exposure to micro-enterprises makes the portfolio sensitive to economic stress.
- Unsecured and semi-secured loans increase credit and collection risk.
- Business is highly dependent on continuous access to borrowing sources.
- Asset quality may deteriorate due to borrower cash-flow volatility.
- Regulatory changes for NBFCs could impact capital and operating flexibility.