Aye Finance Ipo
Aye Finance IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Axis Capital Ltd.
IIFL Capital Services Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 116 | ₹14,964 |
| Retail Maximum | 13 | 1,508 | ₹1,94,532 |
| S-HNI Minimum | 14 | 1,624 | ₹2,09,496 |
| S-HNI Maximum | 66 | 7,656 | ₹9,87,624 |
| B-HNI Minimum | 67 | 7,772 | ₹10,02,588 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 3,56,98,420 Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | February 6, 2026 |
| Anchor Investors List | |
| Shares Offered | 3,56,98,420 Shares |
| Anchor Size | 460.51 Cr. |
| lock-in period end date 50% shares (30 Days) | March 14, 2026 |
| lock-in period end date 50% shares (90 Days) | May 13, 2026 |
| IPO Open Date: | February 9, 2026 |
| IPO Close Date: | February 11, 2026 |
| Basis of Allotment: | February 12, 2026 |
| Refunds: | February 13, 2026 |
| Credit to Demat Account: | February 13, 2026 |
| IPO Listing Date: | February 16, 2026 |
| IPO Bidding Cut-off Time: | February 12, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| – | ₹- |
| – | ₹- |
| – | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹643.34 | ₹571.94 | ₹39.87 | ₹3,126.00 |
| 2024 | ₹1,071.75 | ₹843.89 | ₹171.68 | ₹4,869.59 |
| 2025 | ₹1,504.99 | ₹1279.98 | ₹175.25 | ₹6,338.63 |
| Sep 2025 | ₹863.02 | ₹780.44 | ₹64.60 | ₹7,116.01 |
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹9.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.12% |
| Net Asset Value (NAV): | ₹90.00 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| SBFC Finance Limited | 3.21 | 27.32 | 11.57% | 29.61 | 1,306.16 Cr. |
| Five-Star Business Finance Limited | 36.61 | 12.07 | 18.65% | 215.22 | 2,847.84 Cr. |
| IPO Open Date | February 9, 2026 |
| IPO Close Date | February 11, 2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹122 to ₹129 Per Share |
| Issue Size | Approx ₹1,010 Crores |
| Fresh Issue | Approx ₹710 Crores |
| Offer for Sale: | Approx 2,32,55,813 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |