Aye Finance Lists at Par; Slips Below IPO Price
Flat Debut
Aye Finance shares listed at ₹129, matching IPO price on BSE and NSE, before slipping 4% below issue price
Weak Subscription
The ₹1,010 crore IPO received lukewarm response with only 97% subscription, attracting bids worth just ₹570 crore
Zero Premium
Grey market showed no premium during bidding. Shares traded at ₹2-3 discount before listing, signaling muted investor sentiment
Issue Details
NBFC raised funds through fresh issue of ₹710 crore and offer-for-sale of ₹300 crore at ₹122-129 band
Business Focus
Aye Finance offers working capital loans to micro-scale MSMEs, serving 5.86 lakh customers across 18 states and 3 UTs
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