IPO-Bound Aye Finance Nets INR 455 Cr From Anchor Investors

Ahead of the commencement of the bidding for its public issue on February 9, MSME-focussed NBFC Aye Finance has raised INR 454.5 Cr from anchor investors.

The company allotted 3.52 Cr equity shares to anchor investors at a price of INR 129 per share, the upper band of its price spectrum. 

Of the total, 76.74 Lakh shares, or 21.8% of the total anchor round, were picked up by two domestic mutual funds through four schemes. The domestic mutual funds that led Aye Finance’s anchor round were Bank of India and Nippon Life India. 

Other investors who participated in the round included Goldman Sachs, Societe Generale, BNP Paribas, New York State Teachers Retirement System, Ashoka India, among others.  

With this, the company’s IPO will now go live on February 9 and close on February 11. The company’s shares are expected to list on the exchanges on February 16.

The NBFC’s public issue comprises a fresh issue of shares worth INR 710 Cr and an OFS component of up to INR 300 Cr. At the upper end of its INR 124 to INR 129 price band, the INR 1,010 Cr IPO values the NBFC at about INR 3,183 Cr. 

The MSME-focussed lending company plans to utilise the fresh proceeds from the IPO to meet its future capital requirements. 

Founded in 2014 by Sanjay Sharma and Vikram, Aye Finance offers small-ticket business loans to MSMEs. It offers working capital and business expansion loans against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors.

The company uses AI-powered cluster-based credit assessment to assess risk in the absence of traditional business documents.

At the end of the second quarter (Q2) of financial year 2025-26 (FY26), the NBFC catered to an active customer base of 5.86 Lakh, spanning across 18 states and three Union Territories. The company’s assets under management (AUM) stood at INR 6,027.62 Cr, as of September 2025. 

On the financial front, Aye Finance’s net profit declined 40% to INR 64.6 Cr in the first half (H1) of FY26 as against INR 106.8 Cr in the year ago period. Meanwhile, operating revenue rose 21.8% to INR 843.5 Cr from INR 692.2 Cr in H1 FY25.

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