Stocks to Watch, 17 Feb: Stocks like JSW Infrastructure, Cochin Shipyard, Lupin, Texmaco Rail & Engineering, Highway Infrastructure, TVS Supply Chain Solutions, and Seamec will be in focus on February 17.
Aye Finance shares closed the first session at Rs 128.91, down 0.07 percent after hitting an intraday high-low of Rs 133.8-120.55.
Stocks to Watch, 16 Feb: Stocks like Ola Electric Mobility, Precision Wires India, Azad Engineering, Fortis Healthcare, Manappuram Finance, Lodha Developers, Deep Industries, Ashoka Buildcon, Aurobindo Pharma, Natco Pharma, Fractal Analytics, Aye Finance, and Jubilant Pharmova will be in focus on February 16.
Aye Finance is scheduled to list on the BSE and NSE on February 16.
Aye Finance says stress in the microfinance segment is behind, with robust growth and stable credit costs going forward. Shares will list on BSE and NSE on February 16.
Aye Finance IPO | The public issue is a combination of fresh issuance of equity shares worth Rs 710 crore, and an offer-for-sale of Rs 300 crore worth shares by Alpha Wave India, MAJ Invest Financial Inclusion Fund, Alphabet-backed CapitalG, LGT Capital Invest Mauritius PCC with Cell E/VP, and Vikram Jetley.
Both companies will announce the price band on February 4, with the IPOs opening for subscription in the coming week
Aye Finance said that the company’s credit cost had come down in Q4FY25 and the same falling trend has continued in Q1FY26.
Aye Finance IPO | The initial public offering consists of fresh issuance of equity shares worth Rs 885 crore, and an offer-for-sale of Rs 565 crore worth shares by existing shareholders, as per the DRHP filed on December 16.
The proposed IPO, approved by the company's board, will include a fresh issue of equity shares worth up to Rs 885 crore, along with an offer for sale (OFS) of equity shares totaling Rs 565 crore.
Targeting listing in the next 9–12 months, the company has appointed Axis Capital, JM Financial. Nuvama and IIFL Securities to manage the public issue
The firm is also mulling over entering the public markets in FY26 with Rs 7,000 crore of AUM from the present Rs 3,600 crore, cofounder Sanjay Sharma told Moneycontrol.
The startup has seen encouraging repayment trends and will start lending slowly to small businesses from July.
Like most lenders, Aye has stopped fresh disbursements due to the COVID-19 outbreak.
With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement.
With the recent fund raised, the company is gearing up to bolster its lending portfolio and offer affordable business loans to larger number of microenterprises in India.
The company claims to have deployed over 60,000 loans to micro enterprise owners across India
The funds received are part of debt funding and would help the company to further diversify its lending portfolio, reaching out to the long trail of MSMEs in India
Founded in 2014 by Sanjay Sharma and Vikram Jetley, AYE provides loans to micro and small, enterprises across India.