The Aye Finance IPO entered its second day of bidding with a cautious start. While overall demand remained limited, retail investors showed early intent, inching participation higher as applications continued to come in through the day. Market sentiment around the issue reflected a wait-and-watch approach rather than urgency.
This steady but subdued pace tells a familiar IPO story—investors scanning the numbers, tracking daily subscription data, and moving carefully.
Market Performance: Aye Finance IPO Subscription Snapshot
As of 10:30 AM on Day 2, the Aye Finance IPO had seen 13% subscription overall.
Here’s how the demand stacked up across investor categories:
- Total bids received: ~60.44 lakh shares
- Total shares on offer: 4.55 crore shares
Category-wise subscription status:
- Retail Individual Investors (RII): 33% subscribed
- Qualified Institutional Buyers (QIB): 13% subscribed
- Non-Institutional Investors (NII): 1% subscribed
Retail participation stood out as the strongest segment so far, while institutional demand remained modest in the early phase.
Main News: What’s Happening With the Aye Finance IPO?
The Aye Finance IPO is a mainboard issue aiming to raise ₹1,010 crore, combining fresh capital with partial exits by existing shareholders.
The issue structure includes:
- Fresh issue: ₹710 crore
- Offer for Sale (OFS): ₹300 crore
The public offer remains open for subscription from February 9 to February 11, with shares expected to be allotted on February 12. The company’s equity is scheduled to list on BSE and NSE on February 16.
Despite a muted overall response till Day 2, retail interest indicates that individual investors are selectively engaging with the issue, even as broader participation evolves gradually.
Company Details: Inside Aye Finance
Aye Finance is a Gurugram-based non-banking finance company focused on lending to micro and small MSMEs across India.
Key operational details include:
- Focus on micro enterprises operating outside the formal credit system
- Average loan ticket size: ₹0.18 million
- Emphasis on small-ticket business loans
- Presence across multiple regions, supporting diversified credit exposure
The fresh issue proceeds will be used to reinforce the company’s capital base, allowing it to expand its business operations and asset base over time.
Aye Finance IPO Anchor Book Overview
Ahead of the public issue, the company raised ₹454.5 crore through its anchor investor allocation on February 6.
Anchor book highlights:
- Equity shares allotted: 3.52 crore
- Number of anchor investors: 19
Participation included a mix of domestic and global institutional investors, reflecting preliminary institutional interest ahead of the IPO launch.
Summary: Where the Aye Finance IPO Stands Now?
By Day 2, the Aye Finance IPO continues to move at a measured pace. Overall subscription remains low, but retail investors have shown relatively higher engagement compared to other categories.
Key takeaways at a glance:
- 13% total subscription on Day 2
- Retail segment leads with 33% booking
- Institutional demand remains limited so far
- ₹1,010 crore issue combining fresh capital and OFS
- Listing expected on February 16
As bidding progresses, subscription trends across categories will remain in focus. For now, the Aye Finance IPO reflects cautious optimism rather than aggressive demand—an outcome shaped by selective participation and data-driven decision-making in the current market environment.
Source: Moneycontrol
Easy & quick
Leave A Comment?