New Delhi, 04 February (H.S.): Aye Finance Limited unveiled its ₹1,010 crore initial public offering (IPO) on Wednesday, slated to open February 9 and close February 11, with anchor investors bidding from February 6; shares priced ₹122-129 apiece (face value ₹2) list on BSE and NSE February 16.
Comprising a fresh issue of up to ₹710 crore alongside a ₹300 crore offer for sale (OFS) by shareholders including Alpha Wave India, CapitalG (Alphabet), MAJ Invest, LGT Capital, and Vikram Jetley, the book-built offering mandates minimum bids of 116 equity shares in multiples thereof—75% reserved for QIBs, 15% NIIs, 10% retail.
Gurgaon-headquartered NBFC-ML Aye Finance, backed by Elevation Capital and British International Investment, targets MSME lending expansion; proceeds fortify capital base for business growth and asset augmentation, valuing the firm at ~₹3,184 crore upper band.
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Hindusthan Samachar / Jun Sarkar
