Aye Finance Ltd.’s preliminary public providing (IPO) closed marginally in need of full subscription on the ultimate day of bidding on Wednesday, reflecting subdued investor urge for food regardless of last-day traction from institutional consumers.
On day 3, the Rs 1,010 crore IPO was subscribed 97% general, with bids obtained for 4.42 crore shares in opposition to 4.55 crore shares on supply, in line with alternate knowledge as of 6:15 PM on February 11.
Certified institutional consumers (QIBs) led the demand, whose portion was subscribed 1.5 instances. QIBs positioned bids for 3.74 crore shares in opposition to 2.48 crore shares reserved. Inside the institutional class, overseas institutional traders accounted for bids value 2,84 crore shares, whereas home monetary establishments bid for 21.70 lakh shares. Mutual funds sought 42.75 lakh shares, and others bid for 23.39 lakh shares.
Retail traders subscribed 77% of their portion, with the section bidding for 63.56 lakh shares in comparison with 82.78 lakh shares reserved. Of those, 53.67 lakh shares have been bid on the cut-off value, whereas value bids accounted for 9.88 lakh shares.
Additionally Learn
Fractal Analytics IPO sees muted response on Day 1
The non-institutional investor section noticed restricted demand and was subscribed at simply 5%. Buyers within the class bid for six.23 lakh shares in opposition to 1.24 crore shares on supply. Inside this section, purposes above Rs 10 lakh have been subscribed 2%, whereas bids within the Rs 2 lakh to Rs 10 lakh class reached 11%.
The general public subject, backed by Alphabet Inc., marks the expertise big’s first exit from an Indian portfolio firm. Aye Finance’s IPO contains a contemporary subject of shares value Rs 710 crore and a proposal on the market of Rs 300 crore by current shareholders.
Forward of the general public subject, Aye Finance raised Rs 454.5 crore from anchor traders. It has set a value band of Rs 122–129 per share, valuing it at Rs 3,184 crore on the higher finish.
Proceeds from the contemporary subject will probably be used to strengthen the corporate’s capital base and assist enterprise enlargement. Categorized as a middle-layer non-banking monetary firm, Aye Finance focuses on lending to micro and small enterprises. As of September 30, 2025, the lender operated throughout 18 states and three Union Territories, serving about 5.9 lakh energetic prospects with belongings below administration of Rs 6,027.6 crore.
The shares are scheduled to listing on the BSE and NSE on February 16.
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the newest breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s tendencies right this moment: learn extra, subscribe to our publication, and turn out to be a part of the NextTech neighborhood at NextTech-news.com
