Aye Finance Ltd. IPO

IPO Details
Bidding Date Feb 9, 2026	IPO Price Range ₹122 to ₹129 per share	IPO Size ₹1010 Cr
Listing Exchange BSE, NSE	Listing Date Feb 16, 2026	Lot Size 116 Shares

Minimum Investment
₹14,964/116shares

IPO Timeline

Open DateFeb 9, 2026

Close DateFeb 11, 2026

Allotment FinalisationFeb 12, 2026

Demat TransferFeb 13, 2026

Refund InitiationFeb 13, 2026

ListingFeb 16, 2026

About Aye Finance Ltd. IPO

Aye Finance Limited is a major NBFC that was incorporated in 1993 to provide loans to micro scale micro, small and medium enterprises (MSMEs) across India. Its product lines are based on working capital loans, mortgage loans, ‘Saral’ Property Loans and secured as well as unsecured hypothecation loans. These loans facilitate business growth and working capital needs among the customers in manufacturing, trading, services, and related agricultural lines.

With its powerful asset base and expanding market share, Aye Finance has 508, 224 active customers operating in 18 states and three union territories. It is based on a strong phygital model that enables the company to provide personalized service to its customers with 499 branches and use modern digital solutions to offer quicker, more efficient credit services across the country.

Aye Finance Ltd. IPO Subscription Status

Date	QIB	NII	Retail	Total
TBA	0	0	0	0
TBA	0	0	0	0

Aye Finance Ltd. IPO Financial Status

Particulars (in Rs. Crores)	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	7,116.01	6,338.63	4,869.59	3,126.00
Total Income	863.02	1,504.99	1,071.75	643.34
Profit After Tax	64.60	175.25	171.68	39.87
Net Worth	1,727.37	1,658.87	1,232.65	754.49
Reserves and Surplus	1,689.58	1,621.08	1,192.72	724.04
Total Borrowing	5,218.50	4,526.33	3,498.99	2,296.16

Aye Finance Ltd. IPO SWOT Analysis

Strengths

Leading small-ticket lender in the MSME ecosystem with a strong focus on serving a large and untapped market of micro enterprises.
Comprehensive portfolio of lending products for micro enterprises, resulting in high customer retention.
Strong credit platform backed by robust underwriting capabilities and a multi-level collection framework.
Powerful technology infrastructure that boosts performance and mitigates risks and resulting losses.
Experienced and professional management team backed by marquee investors and a committed employee base.

Weaknesses

A significant credit risk arises from lending to micro and small businesses, as their volatile income profiles increase the likelihood of defaults.
The company’s asset quality remains exposed to risk, reflected in relatively high GNPA/NNPA levels and a substantial unsecured loan portfolio.
Over-reliance on external capital to fund growth may impact capital sufficiency and financial flexibility.
Nearly a 50% decline in net profit in Q1 FY26 due to higher impairment losses affects short-term profitability.
Scaling-related challenges, intense competition, asset quality control risks, and sensitivity to interest rate movements.