Aye Finance IPO : GMP, Price, Analysis, And Details

Aye Finance IPO - Company Analysis

Aye Finance IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 1,010 Cr by Aye Finance Ltd. and is an NBFC that primarily serves micro-scale MSMEs by providing secured and unsecured small business loans for working capital, such as mortgage loans, "Saral" property loans, and secured and unsecured hypothecation loans.

The organization provides clients in the manufacturing, trading, service, and related agriculture sectors with business loans for business expansion that are backed by property or operating assets.

With substantial assets under control, the corporation serves 586,825 active clients in 18 states and three union territories.

Products Offered:

• Loans for Mortgages

• Property Loans from Saral

• Loans for Secured Hypothecation

• Loans for Unsecured Hypothecation.

 Aye Finance IPO Details

The Aye Finance Ltd IPO open date is from Feb 09 to Feb 11, 2026 with IPO allotment on Feb 12, refund initiation on Feb 13, 2026.

The Rs. 1,010 Cr mainline IPO comprises a combination of fresh issue of 5.50 crore shares (Rs. 710 Cr) and offer for sale of 2.33 crore shares (Rs. 300 Cr).

The Aye Finance IPO listing date might be on Monday, 16 February 2026, and it will be listed at the BSE and NSE. The Aye Finance IPO price band is Rs. 122 to Rs. 129 for each Share. 

Events	Date
IPO Opening Date	February 09, 2026
IPO Closing Date	February 11, 2026
IPO Allotment Date	February 12, 2026 (Tentative)
Refund Initiation	February 13, 2026 (Tentative)
Tentative IPO Listing Date	February 16, 2026

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

Company Financial

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	6,338.63	4,869.59	3,126.00
Total Income	1,504.99	1,071.75	643.34
PAT	175.25	171.68	39.87
Net Worth	1,658.87	1,232.65	754.49
Reserves & Surplus	1,621.08	1,192.72	724.04
Total Borrowings	4,526.33	3,498.99	2,296.16

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(8,117.78)	(13,228.26)	(7,203.90)
Net Cash Flow Investing Activities	(386.04)	830.44	782.11
Net Cash Flow Financing Activities	12,549.41	14,937.42	7,619.68

 

Revenue Bifurcation

(Source RHP)

Click to check the IPO application status.

Listed Peers of Aye Finance Ltd.

Name of the Company	Face Value (₹ per share)	EPS (₹)	P/E (x)
SBFC Finance Limited	10	3.21	27.32
Five-Star Business Finance Limited	1	36.61	12.07

Valuation

KPI	Values
ROE	12.12%
Debt / Equity	2.73
RoNW	12.12%
Price to Book Value	-

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 9.51 from the last year, the resulting P/E ratio is 13.56x.

Explore the KSH International IPO.

IPO's Strengths

• Leading provider of comprehensive product offerings and small-ticket loans to micro-scale MSMEs with an emphasis on serving large and unaddressed TAM.

• Robust sourcing capabilities backed by a diverse pan-indian.

• High customer retention and presence.

• Efficient underwriting techniques.

• Strong capabilities for multi-tiered collection.

• Developing technological proficiency to build resilience.

 

IPO Weaknesses

• Risk of Credit Default: 

• Dependency on Third-Party and Customer Data: 

• Risk of Interest Rate Volatility.
  
  

Aye Finance IPO GMP

Aye Finance IPO GMP today has not started yet as of 04 Feb 2026.

Aye Finance Limited IPO Summary

IPO Opening & Closing Date	Feb 09, 2026 to Feb 11, 2026
Face Value	Rs. 2 per Share
Issue Price	Rs. 122 to Rs. 129
Lot Size	116 Shares
Issue Size	7,82,94,572 Shares (Rs. 1010 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

 

Aye Finance IPO Lot Size

The Aye Finance Ltd. IPO allows retail investors to invest in a minimum and maximum of 1 Lot (116 Shares) amounting to Rs. 14964 and 13 Lots (1508 Shares) amounting to Rs. 194532, respectively, while for S-HNI investors, the minimum Lot is 14 (1624 Shares) amounting to Rs. 209496.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

 

Aye Finance IPO Reservation

Institutional Share Portion	75%
Retail Investors' Share Portion	10%
Non-Institutional Shares Portion	15%

 

Aye Finance IPO Allotment Status

To check the Aye Finance IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Aye Finance  Ltd.

The Company does not have an identifiable promoter.

 

Aye Finance IPO Lead Managers

• Axis Capital Ltd.  

• IIFL Capital Services Ltd.  

• JM Financial Ltd.  

• Nuvama Wealth Management Ltd.

Dividend Policy

The company doesn’t have any formal dividend policy as of the date of the RHP.

 

Conclusion

Investors can gain exposure to a rapidly expanding NBFC that targets underserved micro-MSMEs through the Aye Finance IPO, which is supported by robust asset growth and increasing profitability.

For long-term investors, the value seems balanced with a respectable FY25 P/E of about 13.5x when compared to listed peers. However, before applying for the IPO, elements including credit risk, leverage, and interest rate sensitivity should be thoroughly assessed.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.