Goldman Sachs, Societe Generale, HDFC Life Insurance Company, BNP Paribas Financial Markets, Bay Pond Partners, Ithan Creek Master Investors (Cayman) are some of the marquee names in the anchor book

MUMBAI, FEBRUARY 7, 2026 (GPN/ SACHIN MURDESHWAR 📞8108510506): Aye Finance, which is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro- scale micro, small and medium enterprises (MSMEs) across India, has garnered Rs 454.5 crore from anchor investors ahead of its initial public offering that opens for public subscription on February 9. The company informed the bourses that it allocated equity shares at Rs 129 per share to anchor investors             Some of the marquee institutions that participated in the anchor include New York State Teachers Retirement System, Societe Generale, HDFC Life Insurance Company, BNP Paribas Financial Markets, Bay Pond Partners and Ithan Creek Master Investors (Cayman).

Amongst equity- oriented schemes, the company has allocated shares to Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, Bank of India Small Cap Fund, Nippon Life Inda Trustee – Nippon India Banking & Financial Services Fund and 360 One Equity Opportunity Fund.

Out of the total allocation of 3,52,32,558 equity shares to the anchor investors, 76,74,560 equity shares were allocated to 2 domestic mutual funds through a total of 4 schemes.

Axis Capital Limited, IIFL Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the offer.

IPO Details

The IPO is a fresh issue of up to Rs 710 crore and an offer-for-sale for up to Rs 300 crore by investors – Alpha Wave India I LP, MAJ Invest Financial Inclusion Fund II K/S, CapitalG LP, LGT Capital Invest Mauritius PCC with Cell E/VP, and Vikram Jetley.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Monday, February 9, 2026, for subscription and close on Wednesday, February 11, 2026.

The Aye Finance IPO’s price band has been set from Rs 122 to Rs 129 per share. The application lot size is 116 shares, translating into a minimum retail investment of Rs 14,964.

The Offer is being made through the book-building process, wherein not more than 75% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 10% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.

Aye Finance is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro- scale micro, small and medium enterprises (MSMEs) across India. It offers a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors.

The company is among the leading non-banking financial companies (NBFCs) providing business loans to the largely underserved micro scale enterprises in India, with 586,825 active unique customers across 18 states and 3 union territories and with assets under management (AUM) of ₹ 60,276.22 million, as of September 30, 2025. (source – CRISIL Report)

The company offers small-ticket business loans with an average ticket size (ATS) on disbursement of ₹ 0.18 million to micro enterprises. Its expertise in underwriting business cash flows of a variety of business clusters has enabled it to maintain stable credit costs and allowed it to profitably scale up our operations.

The company is the most geographically diversified lender amongst the Peer MSME Focused NBFCs. (source – CRISIL Report).