The Aye Finance IPO is moving toward its final hours with a slow but steady response from investors. On Day 3, the issue was subscribed 18% so far, showing a measured participation across categories.
For a ₹1,010-crore public issue, the numbers tell a clear story — interest is present, but momentum remains selective.
As a stock market analyst at Samco Securities, here’s a simple breakdown of what’s happening on the ground.
Market Performance: Aye Finance IPO Subscription Status
The Aye Finance IPO subscription status reflects cautious investor sentiment.
- Total Subscription: 18%
- Shares Bid For: 83.53 lakh
- Total Shares on Offer: 4.55 crore
- Issue Size: ₹1,010 crore
- IPO Closing Date: February 11, 5 PM
These figures, as per NSE data until 11:50 pm on Wednesday, show that while participation exists, it hasn’t turned aggressive.
The IPO is now in its final phase, and the overall response so far remains moderate.
Category-Wise Subscription: Retail Leads the Show
When we break the numbers down, a pattern appears.
- Retail Individual Investors (RIIs): 59% subscribed
- Qualified Institutional Buyers (QIBs): 13% subscribed
- Non-Institutional Investors (NIIs): 2% subscribed
Retail investors are clearly more active in the Aye Finance IPO, with nearly half the allocated portion already bid for.
Meanwhile, institutional and high-net-worth categories have shown limited participation so far. The NII segment, at just 2%, reflects a restrained approach from larger non-institutional investors.
Earlier in the process, the company raised ₹454.5 crore from anchor investors, providing an initial base before public bidding began.
Aye Finance IPO Price Band and Valuation
The company has fixed the Aye Finance IPO price band at ₹122 to ₹129 per share.
At the upper end of ₹129 per share:
- Implied Valuation: ₹3,184 crore
This puts the NBFC’s market capitalization at over ₹3,000 crore post listing, based on the upper price band.
The issue size stands at ₹1,010 crore, making it one of the notable NBFC IPOs in the recent primary market calendar.
About the Company: Aye Finance Business Snapshot
Aye Finance operates as a non-banking financial company (NBFC). The IPO is intended to improve the company’s financial base and provide additional capital to support its ongoing operations.
While the subscription numbers remain muted compared to high-demand IPOs, retail interest indicates that the brand has visibility among individual investors.
The current investor response signals cautious evaluation rather than outright rejection.
What the Numbers Indicate So Far?
The Aye Finance IPO subscription at 18% on Day 3 suggests:
- Retail investors are participating steadily.
- Institutional demand remains measured.
- NII participation is currently the lowest among all categories.
- Anchor investment of ₹454.5 crore provided early stability.
With bidding closing on February 11 at 5 PM, the final day’s participation will determine the overall subscription strength.
Summary: Aye Finance IPO Day 3 Update
The ₹1,010-crore Aye Finance IPO has garnered 18% subscription so far on Day 3. Retail investors have shown higher engagement at 59%, while QIB and NII categories remain relatively subdued at 13% and 2% respectively.
The price band of ₹122–₹129 values the NBFC at ₹3,184 crore at the upper level. The company had earlier secured ₹454.5 crore from anchor investors.
As the issue heads toward closure, all eyes remain on how the final bidding numbers shape up.
For investors tracking the Aye Finance IPO subscription status, the current trend reflects cautious participation rather than aggressive oversubscription.
Source: Moneycontrol
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