Aye Finance Limited IPO – RHP Details, Strengths, Risks & Financials
Latest Grey Market Premium & IPO Details
Aye Finance IPO 2026 – Key Info & Highlights
Aye Finance Limited IPO details including issue type, price band, issue dates, use of proceeds, strengths, risks, and RHP insights. Explore full IPO analysis.
📌 IPO Details
| Company Name | Aye Finance IPO |
|---|---|
| Sector / Industry | Financial Services |
| IPO Open Date | 09-02-2026 |
| IPO Close Date | 11-02-2026 |
| Allotment Date | 12-02-2026 |
| Refund Date | 13-02-2026 |
| Share Credit Date | 13-02-2026 |
| Listing Date | 16-02-2026 |
| Price Band | ₹122 - ₹129 |
| Lot Size | 116 Shares |
| Min Investment | ₹14,964 |
| Net Issue Size | ₹1010 Cr |
| Fresh Issue | ₹710 Cr |
| OFS | ₹300 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
| Face Value | ₹2 Per Equity Share |
| Min Small HNI Lots | 1624 shares (14 lots) - ₹2,09,496 |
| Min Big HNI Lots | 7772 shares (67 lots) - ₹10,02,588 |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 10% |
| QIB (Qualified Institutional Buyers) | 75% |
| HNI (High Net Worth Individuals) | 15% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 16-02-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 16-02-2026 09:51 |
| 15-02-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 15-02-2026 23:20 |
| 14-02-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 14-02-2026 23:20 |
📝 About Aye Finance
Aye Finance Limited is a Non-Banking Financial Company (NBFC) engaged in providing secured and unsecured working capital financing to micro and small enterprises (MSMEs) across India. The Company is a key participant in the Indian MSME lending space and is preparing to enter the capital markets through the Aye Finance Limited IPO, aiming to strengthen its lending platform and growth strategy.
The Company offers a diversified product portfolio that includes mortgage loans, Saral property loans, secured hypothecation loans, and unsecured hypothecation loans. These loan products are structured to support business expansion, working capital requirements, and long-term growth of enterprises operating in manufacturing, trading, services, and allied agriculture sectors. Lending decisions are primarily based on cash-flow assessment and, where applicable, backed by business assets or property, aligning with best practices followed by leading NBFC IPO companies in India.
As of September 30, 2024, Aye Finance Limited catered to over 5.08 lakh active customers across 18 states and three union territories, supported by a steadily growing assets-under-management base. This wide reach highlights the Company’s strong positioning in the MSME-focused NBFC segment, a key area of interest for investors tracking the Aye Finance IPO details and RHP insights.
Aye Finance Limited follows a “phygital” operating model that combines personalized, on-ground service delivery through an extensive branch network with technology-driven digital platforms. As of the same date, the Company operated through 499 branches, enabling efficient loan sourcing, underwriting, and portfolio management, which are critical strengths highlighted in the Aye Finance IPO DRHP/RHP.
With a disciplined underwriting framework, robust risk management practices, and continued investment in digital capabilities, Aye Finance Limited aims to build a scalable and resilient lending platform. Through the proposed IPO, the Company seeks to enhance its capital base while contributing to financial inclusion and the sustainable growth of India’s MSME ecosystem.
Aye Finance Revised Financials
Profit / Loss & Total Assets (Last 4 Periods)
| Financial Period | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| 30 Sep 2025 | 863.02 | +64.60 | 7,116.01 |
| 31 Mar 2025 | 1,504.99 | +175.25 | 6,338.63 |
| 31 Mar 2024 | 1,071.75 | +171.68 | 4,869.59 |
| 31 Mar 2023 | 643.34 | +39.87 | 3,126.00 |
Note: Positive figures indicate profit, while negative figures indicate loss. Total Assets are reported in ₹ Crore. Data sourced from DRHP / RHP.
Aye Finance Limited – Strengths
- Leading Lender of Small-Ticket Loans to Micro-Scale MSMEs – The Company is a focused NBFC providing small-ticket business loans to micro-scale MSMEs, with comprehensive product offerings and a strong focus on a large and under-addressed total addressable market (TAM).
- Strong Sourcing Capabilities with Pan-India Presence – Strong sourcing capabilities supported by a diversified pan-India branch network and high levels of customer retention, enabling sustainable business growth.
- Effective Underwriting Methodology – A well-defined credit assessment and underwriting framework that supports prudent risk management and helps maintain portfolio quality.
- Robust Multi-Tiered Collection Capabilities – A structured and multi-layered collection mechanism designed to control delinquencies and protect asset quality across the loan portfolio.
- Building Resilience through Technological Prowess – Technology-enabled processes, analytics, and digital platforms that enhance operational efficiency, scalability, and business resilience.
- Access to Diversified Lender Base and Cost-Effective Financing – Access to a diversified lender base comprising banks, NBFCs, and financial institutions, enabling competitive and cost-effective funding.
- Experienced Management Team backed by Marquee Investors – An experienced and professional management team supported by marquee institutional investors and a committed employee base.
Aye Finance Limited – Key Risk Factors
- Credit and Default Risk – The Company primarily lends to micro and small enterprises that often have limited or informal financial records. This increases the probability of borrower defaults, which may adversely impact asset quality, profitability, and cash flows.
- Challenges in Credit Assessment and Underwriting – Due to the nature of the MSME customer base, accurate assessment of creditworthiness may be difficult. Any weaknesses in underwriting models or assumptions could lead to higher delinquencies and loan losses.
- Dependence on External Borrowings – The Company relies significantly on borrowings from banks, financial institutions, and other lenders to fund its loan portfolio. Any restriction in access to funds or increase in borrowing costs may negatively affect business operations and growth.
- Regulatory and Compliance Risk – As a non-banking financial company, the Company is governed by regulations and guidelines issued by the Reserve Bank of India. Any changes in regulatory requirements, policies, or supervisory actions could impact business strategy and financial performance.
- Technology and System Dependence – The Company’s operations depend on technology platforms and third-party service providers for credit evaluation, loan processing, and data management. System failures, cyber incidents, or service disruptions could adversely affect operations and data security.
- Operational Execution Risk – The Company’s ability to effectively manage loan origination, monitoring, and recovery processes is critical. Any inefficiencies in operational execution may result in increased delinquencies and higher operating costs.
- Sensitivity to Economic Conditions Affecting MSMEs – The performance of the Company is closely linked to the financial health of micro and small enterprises. Economic slowdowns, inflationary pressures, or sector-specific stress may adversely affect borrower repayment capacity.
- Interest Rate and Margin Risk – Fluctuations in interest rates may affect the Company’s cost of funds and lending margins. Inability to pass on higher funding costs to borrowers could impact profitability.
Aye Finance Limited
NBFC focused on MSME lending across India
| Founded in: | 12 August 1993 |
|---|---|
| MD/CEO: | Sanjay Sharma |
| Address: | M-5, Magnum House-I, Community Centre, Karampura New Delhi, New Delhi – 110015 |
| Website: | www.ayefin.com |
| Phone: | +91 124 484 4000 |
| Email: | secretarial@ayefin.com |
| Services: | Small‑ticket business loans to micro, small & medium enterprises Secured & unsecured working capital loans Mortgage loans, hypothecation loans Financial inclusion & MSME lending solutions |
IPO Quick Info
09 Feb 2026
11 Feb 2026
Upcoming
Lead Manager(s)
- Axis Capital Ltd.
- IIFCL (India Infrastructure Finance Company Ltd.)
- JM Financial Ltd.
- Nuvama Wealth Management Ltd.
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Frequently Asked Questions
Aye Finance Limited IPO is a mainboard public issue comprising a fresh issue of equity shares along with an offer for sale (OFS) by existing shareholders. The IPO is proposed to strengthen the Company’s capital base and support future business growth.