IPO Overview
AYE Finance Ltd. files DRHP with SEBI, which is a book-building issue of ₹1,010 crore. This issue is a mix of ₹710 crore of fresh issue and an offer for sale (OFS) of ₹300 crore. The IPO opens for subscription from Feb 9, 2026, to Feb 11, 2026, on the listed platform of the Indian stock exchange, i.e., BSE and NSE. The price band for this IPO is set at ₹122 to ₹129 per share, and the lot size for an application is 116. while the minimum amount of investment required by an individual investor is ₹14,964 (116 shares).
The lead managers of the IPO will be Axis Capital Ltd., IIFL Capital Services Ltd., JM Financial Ltd., Nuvama Wealth Management and KFin Technologies Ltd., which has been retained as registrar for the IPO. The Aye Finance IPO will be listed on the main board of the stock exchanges, with the IPO price range and dates still currently unknown.
Company Background
Incorporated on 12 August 1993 as Doda Finance Private Ltd. in Jalandhar, Punjab, Aye Finance Ltd. changed its name to Aye Finance Private Ltd. in 2014, which marked the beginning of Aye Finance Ltd.’s transformation into a public Ltd. company. The Reserve Bank of India (RBI) categorizes Aye Finance Ltd. as a systemically important non-deposit-taking Non-Banking Financial Company (NBFC). Aye Finance Ltd. is also permitted by the Reserve Bank of India to operate from both its branch office located in New Delhi, India, and its head office located in Gurgaon, India. The transition of Aye Finance from being a private company to becoming a publicly traded company will be of immense significance in the history of Aye Finance’s decade-long journey, providing commercial banking services to an unserved segment of the Indian economy, micro-enterprises.
