The ₹1,010-crore initial public offering (IPO) of Aye Finance Limited closed with overall subscription levels approaching full coverage on the final day of bidding, supported primarily by institutional participation.
According to exchange data, the issue received bids for approximately 4.42 crore shares against 4.55 crore shares on offer, translating to about 97% subscription based on the lower end of the price band calculation framework. The IPO was priced in a band of ₹122–₹129 per share.
The Qualified Institutional Buyer (QIB) segment was subscribed 1.50 times, indicating strong institutional interest toward the close of bidding. However, participation in the Non-Institutional Investor (NII) category remained muted at 0.05 times, while the retail segment saw subscription of 0.77 times.
Market participants noted that while exchange subscription figures are computed at the lower end of the price band, the company indicated that bids received at the upper price band effectively cover the total issue size.
The public issue opened on February 9, 2026, and concluded on February 11, 2026. Prior to the public launch, Aye Finance had raised ₹454.5 crore from anchor investors, providing early validation to the offering.
Axis Capital, IIFL Capital Services, JM Financial, and Nuvama Wealth Management acted as the book-running lead managers, while KFin Technologies served as the registrar to the issue.
