Aye Finance sets IPO price band at ₹122-₹129
Business
Aye Finance, backed by Elevation Capital and Alphabet, is launching its IPO with shares priced between ₹122 and ₹129.
The company aims to raise a total of ₹1,010 crore, and the IPO will be open for bids from February 9 to 11, 2026.
Fresh issue and existing investor sales in the offer
The offer includes a fresh issue of ₹710 crore plus a ₹300 crore sale from existing investors like Alpha Wave India and CapitalG.
Most shares are set aside for big institutional buyers, but there's room for retail investors too.
Elevation Capital is the top shareholder right now.
Profit surged nearly 38% last fiscal
For the financial year ended March 2025, the company reported a profit of ₹175.3 crore, with net interest income jumping nearly 38%.
Shares will be allotted by February 12 and start trading on February 16, so things are moving fast!