Aye Finance Ltd IPO Details

IPO Details

Aye Finance Ltd

MainboardListed

Open:Mon, 09 Feb 2026

Close:Wed, 11 Feb 2026

Lot Size:116 Shares

Price Band:₹ 122 - ₹ 129

Listing:NSE, BSE

Fresh Issue:710.00 Cr

OFS:300.00 Cr

Total IPO Size:1010.00 Cr

QIB : 75%

Retail : 10%

Total HNI : 15%

IPO Timeline

Event	Date
Open Date	09-02-2026 , Monday
Close Date	11-02-2026 , Wednesday
Tentative Allotment	12-02-2026 , Thursday
Tentative Listing Date	16-02-2026 , Monday
Retail Appl. Cut Off Time	11-02-2026 , Wednesday 05:00 PM
Non Retail Appl. Cut Off Time	11-02-2026 , Wednesday 04:00 PM
Anchor Allotment	06-02-2026 , Friday
Initiation Of Refund	13-02-2026 , Friday
Credit Of Share To Demat	13-02-2026 , Friday

Subscription Data

Category	Size (In Cr)	Subscribed (In Cr)	No of Times (x)
QIB	303.00	480.41	*1.59*
bNII (Above 10L)	101.00	2.27	*0.02*
sNII (2L to 10L)	50.50	5.72	*0.11*
NII Total	151.50	8.00	*0.05*
Retail	101.00	81.91	*0.81*
Total	555.50	570.31	*1.03*

IPO Structure

Category	Percentage	No. of Shares Offered	Amount
QIB	75.00 %	5,87,20,930	757.50 Cr
Retail	10.00 %	78,29,457	101.00 Cr
Total HNI	15.00 %	1,17,44,186	151.50 Cr
SHNI	5.00 %	39,14,729	50.50 Cr
BHNI	10.00 %	78,29,457	101.00 Cr

Lot Size Details

Application	Discount	Qty (Lot)	Total
Retail MIN	-	116 (1)	₹ 14,964
Retail MAX	-	1508 (13)	₹ 1,94,532
SHNI MIN	-	1624 (14)	₹ 2,09,496
SHNI MAX	-	7656 (66)	₹ 9,87,624
BHNI MIN	-	7772 (67)	₹ 10,02,588

Financials

Profit & Loss (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Interest income	733.83	640.24	1,325.96	948.69	566.49
Fees and commission income	32.69	25.00	54.42	47.86	25.48
Net gain on derecognition of financial instruments under amortised cost category	29.32	1.70	37.59	18.95	12.51
Net gain on fair value changes	47.67	25.30	41.76	24.72	18.95
Total revenue from operations	843.51	692.24	1,459.73	1,040.22	623.43
Other income	19.51	24.81	45.26	31.53	19.91
Total income	863.02	717.05	1,504.99	1,071.75	643.34
Finance cost	258.86	229.26	468.00	326.53	197.96
Net loss on fair value changes	30.75	6.26	3.62	6.18	6.57
Impairment on financial instruments	172.93	101.39	288.83	131.40	73.35
Employee benefit expenses	236.57	173.91	379.64	275.21	212.20
Depreciation and amortization expense	11.34	9.76	22.16	14.54	11.45
Other expenses	69.99	52.36	117.73	90.03	70.41
Total expenses	780.44	572.94	1,279.98	843.89	571.94
Profit / (Loss) before tax	82.58	144.11	225.01	227.86	71.40
Income tax expense	17.98	36.31	49.76	56.18	31.52
Profit / (Loss) for the period	64.60	107.80	175.25	171.68	39.87
Basic EPS	3.37	6.09	9.51	10.62	2.57
Diluted EPS	3.32	5.97	9.34	10.50	2.54

Balance Sheet (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Cash and cash equivalents	1,145.12	926.15	931.16	526.59	272.63
Bank balances other than cash and cash equivalents	227.80	190.79	206.73	203.67	121.42
Derivative financial instruments	31.65	2.42	0.24	N/A	3.07
Loans	5,382.33	4,516.23	4,950.21	4,003.12	2,555.44
Investments	66.60	22.76	41.76	10.61	84.46
Other financial assets	82.48	31.88	60.61	30.66	22.81
Total financial assets	6,935.98	5,690.23	6,190.71	4,774.65	3,059.83
Current tax assets (net)	28.11	20.98	18.41	8.28	4.07
Deferred tax assets (net)	58.21	52.49	60.98	43.94	29.34
Property, plant and equipment	15.58	12.75	12.10	8.96	5.47
Right of use assets	38.37	26.29	26.27	21.43	21.15
Intangible assets under development	4.15	2.38	4.13	2.95	0.47
Intangible assets	2.34	3.46	2.25	1.32	0.55
Other non-financial assets	33.27	10.47	23.78	8.07	5.13
Total non-financial asset	180.03	128.82	147.92	94.95	66.17
Total assets	7,116.01	5,819.05	6,338.63	4,869.59	3,126.00
Derivative financial instruments	N/A	N/A	N/A	3.15	N/A
Debt securities	1,510.93	1,387.31	1,418.13	1,022.34	899.85
Borrowings (other than debt securities)	3,707.57	2,695.79	3,108.20	2,476.65	1,396.31
Lease liabilities	40.24	28.55	28.41	23.63	24.29
Other financial liabilities	49.21	51.72	48.13	55.42	16.07
Total financial liabilities	5,307.95	4,163.37	4,602.87	3,581.20	2,336.52
Current tax liabilities (net)	4.60	10.53	4.58	N/A	N/A
Provisions	49.24	33.34	43.33	30.29	22.67
Other non-financial liabilities	26.85	18.64	28.98	25.46	12.32
Total non-financial liabilities	80.69	62.51	76.89	55.75	34.99
Equity share capital	37.79	37.79	37.79	39.93	30.45
Other equity	1,689.58	1,555.39	1,621.08	1,192.72	724.04
Total equity	1,727.37	1,593.17	1,658.87	1,232.65	754.49
Total liabilities and equity	7,116.01	5,819.05	6,338.63	4,869.59	3,126.00

Cash Flow Statement (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Cash Flow From Operating Activities	-454.876	-418.845	-811.778	-1,322.826	-720.39
Cash Flow From Investing Activities	-14.763	-2.67	-38.604	83.044	78.211
Cash Flow From Financing Activities	683.599	821.08	1,254.941	1,493.742	761.968
Net Cash Flow	213.96	399.565	404.559	253.96	119.789

Peer Comparison

Particulars	Aye Finance IPO	SBFC Finance Limited	Five-Star Business Finance Limited
Face value (₹ per equity share)	2.00	10.00	1.00
Closin g price as on Febru ary 2, 2026 (₹per equity share	N/A	86.07	440.45
Revenue from operations for Financial Year 2025	1,459.73	1,306.16	2,847.84
Basic EPS Financial Year 2025 (₹)	9.51	3.21	36.61
Diluted EPS Financial Year 2025 (₹)	9.34	3.15	36.50
Basic Net asset value as at March 31, 2025 (₹ per equity share)	90.00	29.61	215.22
Diluted Net asset value as at March 31, 2025 (₹ per equity share)	88.38	29.10	214.58
PE ratio for the Financial Year 2025	N/A	27.32	12.07
Return on net worth for the Financial Year 2025 (%)	12.12	11.57	18.65
Market capitalisation	N/A	9,347.00	12,968.00

Key Performance Indicators (KPIs)

KPI	6 Month Ended on Sept 30, 2025	6 Month Ended on Sept 30, 2024	Fiscal Mar 31, 2025	Fiscal Mar 31, 2024	Fiscal Mar 31, 2023
Total Interest Income	733.83	640.24	1,325.96	948.69	566.49
Total Income	863.02	717.05	1,504.99	1,071.75	643.34
Finance Cost	258.86	229.26	468.00	326.53	197.96
Net Interest Income (NII)	474.97	410.98	857.96	622.16	368.53
Operating Expense	317.90	236.03	519.53	379.78	294.06
Profit After Tax	64.60	107.80	175.25	171.68	39.87
Profit After Tax (PAT) (in %))	0.76	1.53	1.21	1.73	0.55
Return On Equity (RoE) (in %))	2.79	2.96	2.91	2.84	2.62
Net Interest Margin (NIM) (in %)	1.41	1.54	1.53	1.56	1.35

Objectives

Objective	No Of Shares	Amount
Fresh Issue	-	710.00 Cr
Offer for Sale	-	300.00 Cr

IPO Documents

Document	Action
DRHP	View
RHP	View
Anchor Allotment	View
Basis of Allotment	View

Contact Details

IPO Contact Details

Registered Office

M-5, Magnum House - I, Community Centre, Karampura, West Delhi, New Delhi - 110 015, Delhi, India

Corporate Office

Unit No. 701-711, 7th Floor, Unitech Commercial Tower - 2 , Sector-45, Arya Samaj Road, Gurgaon - 122 003, Haryana, India

Contact Person

Vipul Sharma Company - Secretary and Compliance Officer

Telephone

+91 124 484 4000

secretarial@ayefin.com

Website

www.ayefin.com

Registrar to Issue Details

Registrar Name

Kfin Technologies Limited

Contact Person

M Murali Krishna

Telephone

+91 40 6716 2222

ayefinance.ipo@kfintech.com

Website

www.kfintech.com

Lead Managers

Name	Contact Person	Telephone	Email	Website
Axis Capital Limited	Tosit Agarwal	+91 22 4325 2183	ayefinance.ipo@axiscap.in	www.axiscapital.co.in
IIFL Capital Services Limited (formerly known as IIFL Securities Limited)	Dhruv Bhavsar/ Pawan Kumar Jain	+91 22 4646 4728	ayefinance.ipo@iiflcap.com	www.iiflcapital.com
JM Financial Limited	Prachee Dhuri	+91 22 6630 3030	ayefinance.ipo@jmfl.com	www.jmfl.com
Nuvama Wealth Management Limited	Lokesh Shah	+ 91 22 4009 4400	ayefinance@nuvama.com	www.nuvama.com

Event

Date

Open Date

09-02-2026 , Monday

Close Date

11-02-2026 , Wednesday

Tentative Allotment

12-02-2026 , Thursday

Tentative Listing Date

16-02-2026 , Monday

Retail Appl. Cut Off Time

11-02-2026 , Wednesday 05:00 PM

Non Retail Appl. Cut Off Time

11-02-2026 , Wednesday 04:00 PM

Anchor Allotment

06-02-2026 , Friday

Initiation Of Refund

13-02-2026 , Friday

Credit Of Share To Demat

13-02-2026 , Friday