Last Updated on February 16, 2026 by Rajat Bhati

Aye Finance IPO Description – Aye Finance is a new-age Non-Banking Financial Company (NBFC) focused on providing credit to India’s underserved micro and small enterprises (MSEs). Founded with the mission to bridge the credit gap in the informal sector, Aye Finance leverages a hybrid “phygital” model—combining physical branch presence with advanced digital tools like AI and ML—to underwrite and manage small-ticket loans (average loan size: INR 1.5 lakh) to businesses lacking formal credit histories.
As of 30 September 2025, the company operates 568 branches across 21 states and 3 union territories, servicing over 5 lakh active customers. Its Assets Under Management (AUM) have surged to INR 6,027.62 crore, growing at a remarkable CAGR of 42.60% from FY23 to FY25. Aye’s proprietary cluster-based underwriting model and predictive analytics ensure high loan repayment efficiency, with Gross NPAs at 4.21% and Net NPAs at just 1.40%.

Promoters of Aye Finance – Does Not have an Identifiable Promoter
Table of Contents
Aye Finance IPO Details
| Aye Finance IPO Dates | 9 – 11 February 2026 |
| Aye Finance IPO Price | INR 122 – 129 per share |
| Fresh issue | INR 710 crore |
| Offer For Sale | INR 300 crore |
| Total IPO size | INR 1,010 crore |
| Minimum bid (lot size) | 116 shares (INR 14,964) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Aye Finance Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 623.43 | 1,040.22 | 1,459.73 | 843.51 |
| Expenses | 571.94 | 843.89 | 1,279.98 | 780.44 |
| Net income | 39.87 | 171.68 | 175.25 | 64.60 |
| Margin (%) | 6.40 | 16.50 | 12.01 | 7.66 |
Aye Finance Offer News
Aye Finance Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026 (Post-Issue)* | |
| EPS | 2.54 | 10.50 | 9.34 | 5.24 |
| PE Ratio | – | – | 13.06 – 13.81 | 23.28 – 24.62 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 5.46 | 17.28 | 12.12 |
| NAV | 48.05 | 75.41 | 88.38 |
| ROTA (%) | 1.47 | 4.29 | 3.13 |
| Debt/Equity | 3.04 | 2.84 | 2.73 |
Aye Finance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 10 Feb 2026 | – | – | – |
| 7 Feb 2026 | 2 | – | 200 |
| 6 Feb 2026 | 5 | – | 400 |
Aye Finance IPO Objectives
The company proposes to utilize the net proceeds from the issue towards the following objects:
- Augmenting the capital base to meet the company’s future capital requirements
Aye Finance IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,48,36,065 | 1,24,18,032 | 82,78,688 | 4,55,32,785 |
| 11 Feb 2026 | 1.50 | 0.05 | 0.77 | 0.97 |
| 10 Feb 2026 | 0.13 | 0.02 | 0.47 | 0.16 |
| 9 Feb 2026 | 0.13 | 0.01 | 0.26 | 0.12 |
35,232,558 shares allotted to anchor investors are not included in these calculations.
Aye Finance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Aye Finance | 24.62 | 5.24 | 12.12 | 88.38 | 1,459.73 |
| SBFC Finance | 33.91 | 3.15 | 11.57 | 29.10 | 1,306.16 |
| Five-Star Business Finance | 14.58 | 36.5 | 18.65 | 214.58 | 2,847.84 |
Aye Finance IPO Allotment Status
Aye Finance IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Aye Finance IPO Dates & Listing Performance
| IPO Opening Date | 9 February 2026 |
| IPO Closing Date | 11 February 2026 |
| Finalization of Basis of Allotment | 12 February 2026 |
| Initiation of refunds | 13 February 2026 |
| Transfer of shares to demat accounts | 13 February 2026 |
| Aye Finance IPO Listing Date | 16 February 2026 |
| Opening Price on NSE | INR 129 per share (no change) |
| Closing Price on NSE | INR 128.91 per share (down 0.07%) |
Aye Finance IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Long term subscribe
Hensex Securities –
HDFC Securities – Neutral
ICICIdirect – Unrated
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking – Avoid
KR Choksey –
Lakshmishree Investment – Subscribe for long term
LKP Research –
Mangal Keshav – Neutral
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance – Subscribe for long term
Samco Securities – Avoid
SBI Securities – Avoid
SMC Global – 2/5
SMIFS – Subscribe for long term
Stoxbox – Subscribe
Sushil Finance – May invest for long term
Systematix Research –
Swastika Investmart – Neutral
Ventura Securities – Subscribe
Aye Finance Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email: [email protected]
Website: www.axiscapital.co.in
Aye Finance Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Aye Finance Contact Details
AYE FINANCE LIMITED
Unit No. 701-711, 7th floor, Unitech Commercial Tower-2,
Sector-45, Arya Samaj Road, Gurgaon 122 003, Haryana
Phone: +91 124 484 4000
Email: [email protected]
Website: www.ayefin.com
Aye Finance IPO FAQs
How many shares in Aye Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Aye Finance Public Offer?
The best way to apply for Aye Finance public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Aye Finance IPO GMP today?
Aye Finance IPO GMP today is INR NA per share.
What is Aye Finance kostak rate today?
Aye Finance kostak rate today is INR NA per application.
What is Aye Finance Subject to Sauda rate today?
Aye Finance Subject to Sauda rate today is INR NA per application.


































