The IPO of Aye Finance, an MSME-focused NBFC backed by marquee global investors, opened for subscription today. The issue is priced in the range of ₹122–₹129 per share and aims to raise ₹1,010 crore. Early market response remains measured, reflecting investor caution in financial services IPOs despite the company’s strong positioning in the underserved MSME credit segment. Aye Finance plans to use the proceeds primarily to strengthen its capital base and support future loan growth.
What’s next:
The subscription trend over the next two days will be closely watched to gauge investor appetite for NBFCs in the current environment. Demand from institutional investors and pricing comfort will be key signals ahead of the proposed listing later this month.
