New Delhi, 07 February (H.S.):

Non-banking financial company Aye Finance Limited garnered ₹454.5 crore from marquee anchor investors on Saturday, allotting 3.52 crore equity shares at ₹129 apiece ahead of its initial public offering (IPO) public subscription opening February 9.Prominent participants included New York State Teachers Retirement System, Société Générale, HDFC Life Insurance Company, BNP Paribas Financial Markets, Bay Pond Partners, and Ethan Creek Master Investors (Cayman), with 76.74 lakh shares—spanning four schemes—allocated to two domestic mutual funds.

The ₹1,010 crore IPO, featuring a ₹122-129 price band, closes February 11; Aye Finance specializes nationwide in extending credit to micro, small, and medium enterprises, bolstering working capital via secured and unsecured loans.

---------------

Hindusthan Samachar / Jun Sarkar