Aye Finance Limited, a non-banking financial company that provides loans to micro-scale MSMEs across India, is planning to raise ₹1,010 crore through an Initial Public Offering.
[Fresh Issue ₹710 Cr + OFS ₹300 Cr]
Aye Finance IPO price is ₹122 – ₹129 per share
Aye Finance: History
The company was originally incorporated as Doda Finance Private Limited, at Jalandhar, Punjab, India, as a private limited company under the provisions of the Companies Act, 1956, on August 12, 1993.
The Company was then converted into a public limited company. Its name was subsequently changed to Aye Finance Limited, as per a fresh certificate of incorporation issued by the Registrars of Companies on December 10, 2024.
Aye Finance: Business
Aye Finance Limited is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro scale micro, small, and medium enterprises (MSMEs) across the nation.
The Company offers secured and unsecured business loans (to micro-scale MSMEs) for working capital, including
- Mortgage Loans,
- ‘Saral’ Property Loans,
- Secured Hypothecation Loans, and
- Unsecured Hypothecation Loans,
It offers loans for business expansion needs, against hypothecation of working assets or against security of property to clients across the manufacturing, allied agriculture, trading, and service sectors.
Average Ticket Size (ATS)
The Company offers small-ticket business loans with an average ticket size (ATS) of ₹1.5 lakh to micro enterprises.
Asset Under Management (AUM)
According to the CRISIL Report, Aye_Finance is the key NBFCs with 508,224 active unique clients across 18 states and three union territories (UTs), with assets under management (AUM) of ₹4,980 croce as of September 30, 2024.
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Strategies Ahead
- Increasing AUM by penetration in the target segment
- Growing mortgage loan portfolio
- Leveraging data sciences and technology for improving productivity & scalability
- Improving operating leverage
- Optimizing borrowing costs and diversifying the lender base
Company Promoters
- Govinda Rajulu Chintala (Chairman & Independent Director)
- Sanjay Sharma (Founder & Managing Director)
Refer to Aye Finance IPO DRHP for detailed information.
IPO Details
Aye Finance IPO date: 9 Feb – 11 Feb 2026
Minimum Amount: ₹14,964
Minimum Bid: 116 Shares
Face Value (FV): ₹2
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Axis Capital
IIFL Capital Services
JM Financial
Nuvama Wealth Management
CONCLUSION
FinBlab recommends ‘MAY APPLY‘ ratings on Aye Finance IPO.
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