Aye Finance IPO Date, Price, GMP, Review Full Details 2026
The Aye Finance IPO date will open to the general subscription between 9 February 2026 and 11 February 2026 with the price range being ₹122-₹129 per share of ₹2 face value, with the overall issue size being around ₹1,010 crore.
With the support of institutional investors and being a non-banking financial company (NBFC) specialized in lending to MSMEs, the IPO plans to list in both the BSE and NSE on 16 February 2026.
This paper outlines all the details of Aye Finance IPO, such as the issue date, price range, Grey Market Premium (GMP), subscription, fundamentals, and how investors can consider whether the issue is worth subscribing to.
Aye Finance IPO Date & Timeline
Event | Date |
IPO Opening Date | 9 February 2026 |
IPO Closing Date | 11 February 2026 |
Basis of Allotment | 13 February 2026 |
Refunds Initiated | 14 February 2026 |
Shares Credited to Demat | 14 February 2026 |
Expected Listing Date | 16 February 2026 |
Aye Finance IPO - Key Highlights
Aspect | Details |
Company Name | Aye Finance Ltd |
IPO Type | Book Built Public Issue |
Aye Finance IPO date | February 9-11, 2026 |
IPO Price Band | ₹122 – ₹129 per share |
Face Value | ₹2 per share |
Total Issue Size | Approx ₹1,010 Cr |
Issue Composition | Fresh Issue + Offer for Sale |
Listing Exchanges | BSE & NSE |
Lead Managers | Axis Capital Ltd, Kotak Mahindra Capital Co Ltd |
Registrar | KFin Technologies Ltd |
GMP | Subject to market movement |
What Is Aye Finance IPO?
The Aye Finance IPO is the initial public offering of Aye Finance, a non-banking financial company (NBFC) focused on lending to micro, small, and medium enterprises (MSMEs) across India.
Although many investors search for what is SME IPO, it is important to clarify that Aye Finance IPO is not an SME IPO. It is a mainboard IPO, listed on the primary Indian stock exchanges.
The company primarily provides:
- Working capital loans
- Business expansion loans
- Credit solutions for small entrepreneurs
Aye Finance IPO Price Band
The Aye Finance IPO price band has been fixed as:
- Lower Band: ₹122 per share
- Upper Band: ₹129 per share
Lot Size & Minimum Investment
- Lot Size: 116 shares
- Minimum Retail Investment: ~₹14,964 (at upper band)
Retail investors can apply for multiple lots within the permitted limits.
Understanding Grey Market Premium (GMP)
Current GMP Trend
- Recent GMP has been hovering around ₹5 per share
- This implies an estimated listing premium of around 3–4%
How to Use GMP Wisely
- GMP reflects market sentiment, not certainty
- GMP can change rapidly before listing
- It should be used as a supporting indicator, not the sole reason to apply
Important Guidance
If GMP is consistently greater than 20%, investors may consider applying, provided fundamentals and subscription are also strong.
Where to Check Aye Finance IPO GMP
Investors can regularly track IPO GMP updates on:
- Chittorgarh.com
- Investorgain.com
Both platforms provide daily GMP trends, subscription data, and IPO insights commonly used by Indian market participants.
Aye Finance IPO Subscription Status
The IPO subscription status shows how many times the issue has been subscribed relative to shares offered.
Why Subscription Matters
- Strong subscription indicates demand
- High QIB participation improves credibility
- Retail oversubscription reflects public confidence
How to Read Subscription Data
- Day-wise subscription trends
- Category-wise demand (Retail, NII, QIB)
- Final-day surge is often a positive sign
Good subscription combined with good fundamentals is a healthy signal for IPO investors.
Aye Finance IPO Allotment Status
After the IPO closes:
- Allotment is finalized within 1–2 working days
- Investors can check allotment using PAN or application number
- If not allotted, the blocked amount is released automatically
Allotment depends on:
- Overall subscription level
- Category-wise demand
- Number of shares applied
Company Fundamentals Overview
Business Model
Aye Finance focuses on lending to small businesses that typically lack access to traditional bank credit. This niche positioning allows higher yields but also requires strong risk management.
Key Fundamental Strengths
- Growing loan book
- Expanding MSME customer base
- Focus on underserved segments
- Scalable NBFC model
Things to Watch
- Asset quality
- Non-performing assets (NPAs)
- Cost of borrowing
- Interest rate sensitivity
Good Fundamentals: What Investors Should Look For
Before applying to any IPO, including Aye Finance, investors should assess:
- Revenue growth consistency
- Profitability trends
- Asset quality stability
- Reasonable valuation compared to peers
- Clear use of IPO proceeds
Aye Finance shows decent fundamentals, making it suitable for investors with a medium- to long-term horizon rather than pure listing-gain seekers.
Pros of Aye Finance IPO
- Exposure to MSME lending growth
- NBFC business with scalable model
- Reasonable IPO price band
- Strong demand from institutions
Risks to Consider
- NBFCs are sensitive to interest rate cycles
- Credit risk from MSME borrowers
- GMP is currently moderate, not aggressive
- Listing gains are not guaranteed
Should You Apply for Aye Finance IPO?
You may consider applying if:
- Subscription remains strong
- Fundamentals align with your risk appetite
- GMP trends improve meaningfully
- You are comfortable holding post-listing
Avoid applying solely based on short-term hype or GMP alone.
Limitations of CAGR
CAGR looks perfect on paper, but it has limitations:
- Assumes smooth growth (markets are volatile)
- Ignores interim ups and downs
- Does not show risk or volatility
- Can hide poor yearly performance
Hence, CAGR should be used along with:
- Rolling returns
- Standard deviation
- Sharpe ratio
Conclusion
The Aye Finance IPO offers Indian investors an opportunity to participate in a growing MSME-focused NBFC. With a reasonable price band, improving subscription interest, and stable fundamentals, it can be a suitable option for investors seeking exposure to India’s small business lending ecosystem.
However, IPO investing requires discipline. Always evaluate subscription strength, company fundamentals, and GMP trends together. If GMP crosses 20% alongside good fundamentals and strong demand, the probability of positive listing performance improves—but never becomes guaranteed.
Approach IPOs as informed investments, not speculation.
FAQ'S
What is the Aye Finance IPO date?
The Aye Finance IPO opens on 9 February 2026 and closes on 11 February 2026.
What is the Aye Finance IPO price band?
The price band is ₹122–₹129 per share.
How to check Aye Finance IPO GMP?
GMP can be tracked daily on Chittorgarh.com and Investorgain.com.
Is Aye Finance an SME IPO?
No, Aye Finance IPO is a mainboard IPO, not an SME IPO.
Is GMP alone enough to apply for an IPO?
No. GMP should be considered along with fundamentals and subscription data.
