On Day 2 of bidding for Aye Finance’s ₹1,010-crore IPO, overall subscription reached only about 15% of the total shares on offer. Retail investors were relatively more active, with roughly 37% of their allocated quota subscribed so far.
Why this matters:
The tepid overall subscription pace highlights caution among institutions and HNIs, even as retail interest provides some support. How this trend evolves over the last day of bidding will influence investor sentiment heading into the listing.
