Aye Finance IPO Review 2026: Price Band, Dates, Financials & Valuation

Aye Finance IPO is a book-built issue of ₹1,010.00 crore, comprising a fresh issue of ₹710.00 crore and an offer for sale of ₹300.00 crore. The IPO opens on February 9, 2026, and closes on February 11, 2026, with a tentative listing on BSE and NSE on February 16, 2026.

The IPO is priced in the range of ₹122 to ₹129 per share, with a minimum retail investment of ₹14,964. Aye Finance is a well-known NBFC focused on micro and small business lending, catering to a large and underserved MSME segment in India.

Aye Finance IPO – Key Details 2026

The following are some of the important and key details about the Aye Finance IPO.

Aye Finance IPO Timeline

The following table explains the tentative IPO schedule.

Aye Finance IPO Lot Size & Investment

The following table shows the minimum and maximum investment required.

About Aye Finance Ltd.

Incorporated in 1993, Aye Finance Limited is a non-banking financial company (NBFC) that provides secured and unsecured working capital loans to micro-scale MSMEs across India.

The company primarily caters to small entrepreneurs in:

• Manufacturing
• Trading
• Services
• Allied agricultural activities

As of September 30, 2025, Aye Finance was serving over 5.86 lakh active customers across 18 states and three union territories, with a strong presence in semi-urban and underserved markets.

Product Portfolio of Aye Finance

The following is the lending product mix offered by Aye Finance.

• Mortgage Loans
• “Saral” Property Loans
• Secured Hypothecation Loans
• Unsecured Hypothecation Loans

These products are designed to support business expansion, working capital needs, and asset creation for micro and small enterprises.

Employee Strength & Operations

This section highlights the company’s operational scale.

• Large on-ground sourcing and collections workforce
• Strong field-level underwriting and risk assessment
• Focus on technology-enabled credit decisioning
• Pan-India distribution network

Competitive Strengths of Aye Finance

The following are the key strengths of the company.

• Leading lender in small-ticket MSME loans
• Strong focus on a large and under-served MSME market
• Effective underwriting backed by data and field validation
• Robust multi-tiered collection mechanism
• Technology-driven loan processing and monitoring
• Diversified lender base enabling cost-effective funding
• Experienced management team backed by marquee investors

Aye Finance – Financial Performance

The following table shows restated financials of the company.

Key insight: Aye Finance has demonstrated steady growth in loan book, income, and profitability, supported by expanding MSME demand.

Balance Sheet Snapshot

The following shows the assets and borrowings trend:

Key Performance Indicators (KPI)

The following table highlights important profitability and valuation metrics.

Valuation Snapshot

The following table shows EPS and P/E comparison:

Objects of the Issue

The following explains how the IPO proceeds will be used:

• Strengthening the  capital base for business expansion
• Supporting growth in loan disbursements
• Improving leverage and balance-sheet strength
• General corporate purposes

Risks to Consider

Investors should be aware of the following risks:

• High dependence on MSME credit cycles
• Elevated debt levels are typical of NBFC business models
• Asset quality risks during economic slowdowns
• Regulatory and interest-rate sensitivity

Summary

Aye Finance Ltd. presents a focused MSME lending story backed by steady growth in assets, income, and profitability. With a strong presence in underserved micro-entrepreneur segments, the company benefits from a large addressable market and repeat customer base.

However, like all NBFCs, the business carries credit risk and leverage-related risks, which need close monitoring, especially during economic downturns.
This IPO may appeal to investors looking for:

• Exposure to MSME credit growth in India
• A lender with proven underwriting and collection capabilities
• Reasonable valuation compared to many new-age IPOs

If your investment horizon is medium to long term and you are comfortable with NBFC-specific risks, Aye Finance IPO is worth evaluating.

Disclaimer

This content is for informational and educational purposes only and does not constitute investment advice. UnlistedKraft is not responsible for any losses arising from investment decisions based on this content. Readers should conduct their own research and consult qualified professionals before investing. IPO is expected to list on Feb 16, 2026, on BSE and NSE.

Frequently Asked Questions

What is the Aye Finance IPO?

Aye Finance IPO is a main-board IPO of ₹1,010 crore, priced at ₹122–₹129 per share.

When does the Aye Finance IPO open?

The IPO opens on February 9, 2026, and closes on February 11, 2026.

What is the lot size of Aye Finance IPO?

The minimum lot size is 116 shares.

Is Aye Finance profitable?

Yes, the company has reported consistent profits over the last few financial years.

What does Aye Finance do?

Aye Finance provides secured and unsecured loans to micro-scale MSMEs for working capital and business growth.

Author: Diwakar Singh

Diwakar Kumar Singh is a BFSI specialist and finance writer with over 7 years of hands-on experience in financial research, content creation, and analysis.

 

A Gold Medalist in MBA (Marketing) from IMT, he combines deep analytical skills with practical insights gained from evaluating companies, IPOs, unlisted shares, financial ratios, and investment opportunities. Diwakar has personally analysed hundreds of financial instruments and market scenarios, which he uses to break down complex topics into clear, actionable advice.

He has authored numerous in-depth finance articles, published multiple books internationally, and contributed to research publications. His work focuses on helping everyday investors and readers make better-informed financial decisions through well-researched, evidence-based explanations that are always grounded in real-world application rather than theory alone.