February 9, 2026

The upcoming Aye Finance Limited IPO is expected to attract significant interest from investors. Backed by reputed global institutional investors, the company operates in a niche segment focused on micro and small enterprises that have limited access to formal credit. This article covers IPO details, company overview, financial performance, competitors, and an investment recommendation. Aye Finance IPO – Complete Details Particulars Details IPO Opening Date 09 February 2026 IPO Closing Date 11 February 2026 IPO Allotment Date 12 February 2026 IPO Listing Date 16 February 2026 Price Band ₹122 – ₹129 per share Face Value ₹2 per share Lot Size 116 shares Minimum Investment (Retail) ₹14,964 Maximum Retail Application ₹2,00,000 Maximum Retail Lots 13 Total Issue Size Approx. ₹1,010 crore Issue Type Fresh Issue + Offer for Sale Retail Quota 10% About the Company Aye Finance Limited is a non-banking financial company (NBFC) focused on lending to micro and small enterprises across India. The company uses a combination of data analytics and on-ground credit assessment to evaluate borrowers who may not qualify for traditional bank loans. Its customer base includes small manufacturers, traders, service providers, and informal businesses operating primarily in Tier II, Tier III, and semi-urban regions. The company has established a pan-India presence with operations across multiple states and union territories. Key Management Sanjay Sharma – Managing Director and Chief Executive Officer The company is institutionally owned, with backing from global investors such as CapitalG, Alpha Wave Global, MAJ Invest, and LGT Capital Partners, which supports governance standards and long-term growth strategy. Major Products and Services Aye Finance offers secured and semi-secured lending products tailored for MSMEs, including: The company focuses on cash-flow-based lending rather than purely collateral-driven models. Financial Performance The company has reported consistent growth in revenue and profitability: While margins and profitability have improved, performance remains sensitive to credit cycles, borrower cash flows, and macroeconomic conditions impacting MSMEs. Competitors Aye Finance operates in a competitive NBFC and small-business lending space. Key peers include: Competition is based on underwriting quality, cost of funds, branch reach, and asset quality management. Conclusion The Aye Finance IPO offers investors an opportunity to participate in India’s growing MSME credit ecosystem. The company’s focused lending model, improving financial metrics, and strong institutional backing are positives. However, risks related to asset quality, economic slowdowns, and regulatory changes for NBFCs should be carefully considered. The relatively lower retail quota may also impact allotment chances for retail investors. Recommendation Investment View: Apply with a long-term perspective Long-term investors with a diversified portfolio may consider applying, while short-term investors should evaluate market sentiment closer to the IPO opening.