Gurgaon-based non-banking finance company Aye Finance on February 6 has mobilised Rs 454.5 crore from 19 anchor investors on February 6, ahead of its Rs 1,010-crore IPO.
The initial public offering (IPO), which is a combination of fresh issue of shares worth Rs 710 crore, and an offer-for-sale of Rs 300 crore worth shares, will open for public subscription on February 9, and close on February 11, with price band of Rs 122-129 per share.
Aye Finance on Friday said it has finalised allocation of 3.52 crore equity shares to anchor investors at the upper price band. Nippon Life India, and Goldman Sachs Funds were the biggest investors in the anchor book, each buying shares worth Rs 74 crore.
Global names like Bay Pond, Ithan Creek Master Investors, Intergrated Core Strategies, Societe Generale, Ashoka India Equity Investment Trust, and BNP Paribas Financial Markets also participated in the anchor book.
Among other investors participated in the anchor book included Abakkus, HDFC Life Insurance, 360 ONE, Turnaround Opportunities Fund, Bank of India MF, and Neo Prime Fund. "Out of the total allocation of 3.52 crore equity shares to the anchor investors, 76.74 lakh equity shares were allocated to 2 domestic mutual funds through a total of 4 schemes," Aye Finance said.
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The professionally managed company that provides loans to micro scale micro, small and medium enterprises (MSMEs) will utilise fresh issue proceeds for augmenting capital base to meet its future capital requirements arising out of growth of business and assets.
The company will finalise IPO share allotment by February 12, while Aye Finance shares will be available for trading on the BSE and NSE effective February 16.
The merchant bankers managing the Aye Finance IPO are Axis Capital, IIFL Capital Services, JM Financial, and Nuvama Wealth Management.
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