Aye Finance IPO closes with 97% subscription amid lack of NII demand; QIB portion booked 150%

Aye Finance IPO subscription details.

• Aye Finance IPO subscribed 97 percent after three days, showing lukewarm demand.
• Retail investors subscribed 77%, QIBs 1.5x, non-institutional 5%.
• Shares show flat grey market premium, hinting at a muted listing.

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Aye Finance IPO saw a lukewarm response from the investors for the third straight day, garnering 97 percent subscription on Wednesday. The initial public offering of non-banking financial company (NBFC) received bids for 4.42 crore shares against 4.55 crore shares on offer, according to NSE data.

The portion for retail individual investors (RIIs) subscribed 77 percent, while the quota for qualified institutional buyers (QIBs) received 1.5 times subscription. The part for non-institutional investors subscribed a mere 5 percent. Earlier, it collected Rs 454.5 crore from anchor investors.

The company has fixed a price band of Rs 122-129 per share, valuing the company at Rs 3,184 crore at the upper end of the band.

Aye Finance IPO GMP Today Price

According to platforms tracking the grey market activities, the shares of Aye Finance are commanding a flat GMP, indicating a muted listing for the shares of the company.

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The company proposes to utilise the net proceeds from the fresh issue to strengthen its capital base, supporting future capital requirements arising from the expansion of its business and asset base.

Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks.

As of September 30, 2025, Aye Finance operated across 18 states and three Union Territories, serving around 5.9 lakh active customers, with assets under management (AUM) of Rs 6,027.6 crore.

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