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
- Vikram Jetley – Co-founder and senior leadership member
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:
- Business loans for micro and small enterprises
- Working capital loans backed by hypothecation
- Mortgage loans against property
- Small-ticket loans designed for informal businesses
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:
- Revenue (FY25): Approximately ₹1,505 crore
- Profit After Tax (FY25): Approximately ₹175 crore
- Assets Under Management: Steady year-on-year growth
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:
- SBFC Finance
- Five Star Business Finance
- Ujjivan Small Finance Bank
- CreditAccess Grameen
- Bajaj Finance (MSME lending segment)
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
- Suitable for investors seeking exposure to MSME lending growth
- Risk profile is moderate to high due to NBFC sector sensitivity
- Listing gains may be moderate rather than aggressive
Long-term investors with a diversified portfolio may consider applying, while short-term investors should evaluate market sentiment closer to the IPO opening.
