About
Aye Finance Limited was incorporated in 1993 and is registered as a non-banking financial company (NBFC) with the Reserve Bank of India. The Company operates as an NBFC–Middle Layer and focuses on providing credit to micro and small enterprises across India. It does not have an identifiable promoter under applicable regulations. The Company primarily serves micro-scale MSMEs engaged in manufacturing, trading, services, and allied sectors, with a strong presence in semi-urban and underserved markets. Its loan portfolio includes secured and unsecured hypothecation loans, mortgage loans, and ‘Saral’ Property Loans, designed to meet working capital and business expansion needs. Aye Finance follows a branch-led, technology-enabled operating model that combines local market understanding with data-driven credit assessment. It emphasises small-ticket loans, granular diversification, and relationship-based sourcing. Key strengths include deep penetration in the micro-MSME segment, a pan-India branch network, specialised underwriting for informal businesses, and consistent focus on risk management and collections. The Company aims to bridge the credit gap for micro enterprises while maintaining scalable and sustainable growth.
IPO schedule
| Issue open date | 2026-02-09 |
| Issue close date | 2026-02-11 |
| UPI mandate deadline | 2026-02-11 (5 PM) |
| Allotment finalization | 2026-02-12 |
| Refund initiation | 2026-02-13 |
| Share credit | 2026-02-13 |
| Listing date | 2026-02-16 |
| Mandate end date | 2026-02-26 |
| Lock-in end date for anchor investors (50%) | 2026-03-14 |
| Lock-in end date for anchor investors (remaining) | 2026-05-13 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 4869.59 | 6338.63 | 7116.01 |
| Revenue | 1071.75 | 1504.99 | 863.02 |
| Profit After Tax | 171.68 | 175.25 | 64.6 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1010 |
| Fresh Issue - Proceeds go to the company | 710 |
| Offer for Sale | 300 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Augmenting the capital base to support business and asset growth | 710 (100%) |
Strengths
- Strong focus on underserved micro-MSMEs with tailored credit products.
- Pan-India branch network enabling deep semi-urban and rural penetration.
- Proprietary credit assessment built for informal and thin-file customers.
- Granular loan book with small ticket sizes, reducing concentration risk.
- Consistent AUM growth supported by scalable operating model.
Risks
- High exposure to micro-enterprises makes the portfolio sensitive to economic stress.
- Unsecured and semi-secured loans increase credit and collection risk.
- Business is highly dependent on continuous access to borrowing sources.
- Asset quality may deteriorate due to borrower cash-flow volatility.
- Regulatory changes for NBFCs could impact capital and operating flexibility.
Allotment Status for Aye Finance
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.