Aye Finance Ltd. IPO

Incorporated in 1993, Aye Finance Limited is an NBFC offers secured and unsecured small business loans for working capital, including mortgage loans, ‘Saral’ Property Loans, secured and unsecured hypothecation loans, primarily to micro-scale MSMEs.

The company offers business loans for business expansion, secured by working assets or property, to customers in manufacturing, trading, service, and allied agriculture sectors.

The company is serving 586,825 active customers across 18 states and three union territories with significant assets under management.

Product Offerings:

  • Mortgage Loans
  • Saral’ Property Loans
  • Secured Hypothecation Loans
  • Unsecured Hypothecation Loans

In the six months ended September 30, 2025 and September 30, 2024, and Fiscals 2025, 2024 and 2023, the company had 10,459, 8,388, 9,102, 6,825 and 5,724 full-time employees, respectively, engaged in the operations in India.

Competitive Strengths:

  • Leading Lender of Small-Ticket Loans to Micro Scale MSMEs with Comprehensive Product Offerings and Focus on Serving Large and Unaddressed TAM
  • Strong Sourcing Capabilities Supported by a Diversified Pan-India Presence and High Customer Retention
  • Effective Underwriting Methodology
  • Robust Multi-Tiered Collection Capabilities
  • Building Resilience through Technological Prowess
  • Access to Diversified Lender Base and Cost-Effective Financing
  • Experienced and Professional Management Team backed by Marquee Investors with a Committed Employee Base

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202530 Sep 202431 Mar 202431 Mar 2023
Assets7,116.016,338.635,819.054,869.593,126.00
Total Income863.021,504.99717.051,071.75643.34
Profit After Tax64.60175.25107.80171.6839.87
NET Worth1,727.371,658.871,593.171,232.65754.49
Reserves and Surplus1,689.581,621.081,555.391,192.72724.04
Total Borrowing5,218.504,526.334,083.103,498.992,296.16
Amount in ₹ Crore

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE7.63%12.12%
Debt/Equity3.022.73
RoNW3.82%12.12%
Price to Book Value1.451.71
 Pre IPOPost IPO
EPS Rs9.145.24
P/E (x)14.1124.64

Aye Finance IPO Details

IPO Date 9 to 11 Feb, 2026
Listing Date Mon, Feb 16, 2026T
Face Value ₹2 per share
Price Band ₹122 to ₹129
Lot Size 116 Shares
Sale Type Fresh Capital & OFS
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Total Issue Size 7,82,94,572 shares (agg. up to ₹1,010 Cr)
Fresh Issue 5,50,38,759 shares (agg. up to ₹710 Cr)
Offer for Sale 2,32,55,813 shares of ₹2 (agg. up to ₹300 Cr)
Share Holding Pre Issue 19,17,45,507 shares
Share Holding Post Issue 24,67,84,266 shares

SHARIAH SCREENING for - Aye Finance Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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