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Explore how Aye Finance Ltd’s IPO performed on its opening day, including early investor participation, price band details, key dates, and a simple overview on how to apply through ASBA or UPI.
Aye Finance Ltd IPO opened for subscription on February 9, 2026, marking the entry of the non-banking financial company (NBFC) into the primary market. The company focuses on lending solutions for micro and small enterprises, a segment that continues to gain importance amid India’s expanding MSME ecosystem.
The public issue is a book-built IPO with a price band of ₹122 to ₹129 per share and an overall issue size of ₹1,010 crore. Given its scale and sector positioning, the IPO is being closely watched by both retail and institutional investors.
The Aye Finance Ltd IPO witnessed a muted response on its first day of bidding, with limited participation across investor categories. Retail investors showed early interest, while institutional and non-institutional participation remained subdued.
On Day 1, the IPO was subscribed 0.12× overall. Retail Individual Investors (RII) accounted for most of the bids, while Non-Institutional Investors (NII) had not yet participated meaningfully.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.13× |
Retail Individual Investors (RII) |
0.25× |
Non-Institutional Investors (NII) |
0.01× |
Total |
0.12× |
The first-day response reflects a cautious start, with retail investors taking the lead. Institutional participation is expected to pick up in later sessions as the book-building process progresses.
On the second day of bidding, the Aye Finance Ltd IPO recorded a subscription of 0.15× overall. Retail Individual Investors (RII) showed the most interest, while Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) remained cautious. The issue continued to draw moderate participation from retail investors, reflecting steady optimism for this financial services firm.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.13× |
Retail Individual Investors (RII) |
0.45× |
Non-Institutional Investors (NII) |
0.01× |
Total |
0.15× |
The participation from QIBs is still very less, but retail interest has picked up slightly compared to Day 1, while NII participation remains low.
On the third day of bidding, the Aye Finance Ltd IPO recorded a subscription of 0.90× overall. Qualified Institutional Buyers (QIB) and Retail Individual Investors (RII) continued to show interest, but Non-Institutional Investors (NII) remained relatively muted.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.39× |
Retail Individual Investors (RII) |
0.70× |
Non-Institutional Investors (NII) |
0.04× |
Total |
0.90× |
Retail interest continues to rise, while institutional participation remains flat. The overall trend indicates a strong focus from retail investors, though there’s still limited engagement from NII.
The IPO price band and application structure are aligned with typical mainboard offerings, catering to a wide range of investors.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
116 |
₹14,964 |
Retail (Max) |
13 |
1,508 |
₹1,94,532 |
S-HNI (Min) |
14 |
1,624 |
₹2,09,496 |
B-HNI (Min) |
67 |
7,772 |
₹10,02,588 |
This structure allows small investors to participate with relatively moderate capital, while also offering scale for high-net-worth investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Aye Finance IPO on Bajaj Markets.
Below is the key timeline for the IPO, from opening to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
February 9, 2026 |
Issue opens for subscription |
IPO Close Date |
February 11, 2026 |
Final day to submit bids |
Basis of Allotment |
February 12, 2026 |
Finalisation of allotment |
Refund Initiation |
February 13, 2026 |
Refunds for unallotted investors |
Credit of Shares |
February 13, 2026 |
Shares credited to Demat |
Listing Date |
February 16, 2026 |
Listing on NSE & BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Aye Finance Ltd IPO using either ASBA through net banking or UPI via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Aye Finance Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Aye Finance Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming ipo’s here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
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Posted on 19 Dec
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