Aye Finance IPO

NBFC / Microfinance - Listed on 16 February 2026

0.0% listing gain
Issue Price (Upper)
Rs 129
Listing Price
Rs 129
Closing Price (NSE)
Rs 128.91
Total Subscription
0.97x

Aye Finance IPO listing summary

Aye Finance (NBFC / Microfinance) closed its IPO window in 2026 and listed on NSE and BSE on 16 February 2026 at an upper band issue price of Rs 129, opening at Rs 129 for a listing gain of 0.0% and closing day one at Rs 128.91 (-0.1% on closing basis). The IPO was subscribed 0.97x overall - QIB 1.50x, HNI/NII 0.05x, Retail 0.77x. The total issue size was Rs 1,010 Cr (Fresh Issue Rs 710 Cr, OFS Rs 300 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About Aye Finance

NBFC / Microfinance

Aye. Finance is a non-banking finance company focused on small businesses that are often underserved by traditional lenders. It uses data-led underwriting and local customer understanding to extend working capital. That places. Aye. Finance in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. For readers studying the business, the sector description is a useful starting point, but it should be read alongside the company’s filings and reported financials. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About Aye Finance IPO

Issue structure, listing outcome and context

The ₹1,010 crore. IPO included ₹710 crore fresh capital and an offer for sale at ₹129. Shares listed close to the issue price, reflecting a measured debut. It combined a fresh issue of ₹710 crore with an offer for sale of ₹300 crore. The stock listed at ₹129, a reported opening gain of 0%. Its listing outcome gives context on early market demand, but a first-day move does not by itself establish the long-term value of the business. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
0.00%
Listing Gain (Close)
-0.07%
Day Change After Listing
-0.07%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB1.50x
HNI / NII0.05x
Retail0.77x
Overall0.97x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.12x
Day 20.16x
Day 3 (Final)0.97x

Aye Finance IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 200+200.00%
Day 2Rs 200+200.00%
Day 3Rs 200+200.00%
Day 4Rs 2+1.55%
Day 5Rs 5+3.88%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
1.6%-200.0%
IPOGyani AI Prediction
0.5%
Actual Listing Gain
0.0%

Prediction Accuracy: 0.5 pp (Highly accurate)

Issue & financials

Issue SizeRs 1,010 Cr
Fresh IssueRs 710 Cr
OFSRs 300 Cr
IPO PE24.62
Peer / Sector PE24.37
PE vs Sector Ratio1.01
Latest EBITDA (Cr)200.00
Debt / Equity2.73

Market context at listing

How the broader market moved around the Aye Finance IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.04%
Nifty 1W Return-0.71%
Nifty 1M Return-0.05%
Nifty during IPO window-0.04%

Aye Finance IPO - FAQs

What was the listing gain of Aye Finance IPO?

Aye Finance IPO listed at 0.0% versus the upper issue price of Rs 129 on 16 February 2026.

How many times was Aye Finance IPO subscribed?

Aye Finance IPO was subscribed 0.97x overall. QIB portion was subscribed 1.50x, HNI / NII 0.05x and Retail 0.77x.

What was the IPO GMP for Aye Finance?

IPO GMP started at Rs 200 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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